There was one time where somebody on my team was long a stock and he said "get up you dick!" over our conference call on Skype. That was a very nice "that's what she said" moment.
Monday, October 13, 2008
My "That's What She Said"
I came across this today at work. It's sad to see that they still give out detentions for stupid reasons in high school.
There was one time where somebody on my team was long a stock and he said "get up you dick!" over our conference call on Skype. That was a very nice "that's what she said" moment.
There was one time where somebody on my team was long a stock and he said "get up you dick!" over our conference call on Skype. That was a very nice "that's what she said" moment.
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3 comments:
Hey Jason, your blog is very entertaining, I check it out regularly. I'm looking for some quick advice on the prop trading world, and you seem to have a good deal of experience, so I hold your opinion in high regard. Have you heard of a firm called "the angle group" (www.theanglegroup.com)? They want $3k to start their training program, which lasts two months. Then, they take you into their hedgefund. You trade their capital, and can take only intraday positions. What do you think? Any advice on how I should decide whether to take their offer or not? Does Kershner allow you to take longer than intraday positions? Thanks for taking the time to read and answer this, I really appreciate it!
More relevant to your post, saying "that's what she said" basically became a hobby for me in high school. Eventually I changed it to that's what your mom said. That hobby ended when I was almost removed from my 11th grade physics class after my lab teacher made the irresistible comment "I need it to be a yard long"...apparently he didn't think his mom needed it a yard long also.
Unfortunately Eric I'm not familiar with The Angle Group. If I was making the decision to join a prop shop or not I'd look at the training, commission structure, their technology and the payout. It's good that they offer training. If I have to pay for it and invest two months of my time I'd better get a higher payout. Kershner's training is 2 weeks and you do a lot of "fake trading" in that period as well. Everybody start out trading 100 shares at a time, lose very small amount in the beginning and learn that way. And I believe in that as well; I don't think you'll learn as much by looking at charts and technical stuff afterwards compared to live trading.
Kershner does discourage new traders to take positions overnight but over time once you have a proven track record and you're trading on a longer time period they don't mind as much.
Overall, I can't tell you to take the offer or not. It's very much a personal decision. I took the offer w/ Kershner b/c a buddy of mine from college worked here. It sounds like The Angle Group wants traders to trade their style, with their philosophy, and their rules. There's pros and cons to that. Obviously their style works otherwise they'd be out of business. I personally believe that your personality shows in your trading as well so if it doesn't match w/ the firm's strategy it might be hard to adjust.
** I also kind of think that they charge the $3,000 b/c they know most people don't last in this business. The industry average is about 1 out of 3 makes it or stay on for the long run. Even if that's not the case, they have less vested interest in you b/c they already got the $3k from you.
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