Swift Trade

housenuts · #1 11-29-2005, 04:53 PM

I can get a job (if you can call it that) at Swift Trade in January. Basically it's day trading with the company money. I would receive a % of anything I make over $3,000 a month.

About me: I have no idea what I'm doing. I'm very eager to learn and will be doing some hefty book reading this holiday season. I don't expect to make money for the first little while. But I don't mind getting up at 5am (I'm on the West Coast) and finishing "work" at 1pm. I'm good with numbers and computers. I currently 4-8 table 3/6 and 5/10 limit hold'em showing a good winrate. I want to explore other things though.

Is this something that seems worthwhile? How much time do you think it would take to start showing some profit?

thanks for your time.

#2 11-29-2005, 05:01 PM

whats the %?

housenuts · #3 11-29-2005, 05:09 PM

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whats the %?

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do i look like a doctor? [img]/images/graemlins/smile.gif[/img] i'm not sure, i emailed them and am awaiting reply on that one.

Sniper · #4 11-29-2005, 05:16 PM

Looks like they have an interesting training program for Canadian college students... link

Sniper · #5 11-29-2005, 05:24 PM

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whats the %?

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Based on their docs it would seem that the % is tiered based on profitability.

Sounds like their avg trader is doing about 250 scalps/day.

housenuts · #6 11-30-2005, 02:01 PM

would this be at all interesting, or would it become mind-numbingly automatic like 4-tabling 3/6 limit?

do you think 250 scalps/day could show a good earn?

thanks for your time

Sniper · #7 11-30-2005, 09:09 PM

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would this be at all interesting, or would it become mind-numbingly automatic like 4-tabling 3/6 limit?

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High volume Scalping is certainly an interesting and challenging way to trade. Im sure they put you thru a training program where you will learn a methodology for doing it successfully. If you are comfortable multitasking, you can do well. That said, many who try, just don't "get it".

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do you think 250 scalps/day could show a good earn?

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Certainly, it can. I would expect that they will teach you some basic risk management principles, which means that at the beginning, you should only be trading small, with low potential. Once you have proven that you "get it", you can increase your trade size.

It is not the easiest way to make $ in the market, but if managed properly, it can be a relatively low risk way to make big $, once you've "conquered the demons". (similar to poker)