Pros
-The opportunities/buying power is truly endless, so if you can find a strategy that leads to consistent profits, you should theoretically be able to add multiple zeroes to your daily gains. Equity Trader Trainee Starting Settings: -Max Risk/Downside per Day: $25 -Buying Power: $30,000 -Max Share Size: (100) Shares -Max Positions: (3) Positions -Desk Fees: $300/Month -Commissions: $6 per 1,000 Shares Traded(500 Shares Round Trip). -Profit Split: 38.5% of any net profits. -Monthly Salary: $2,400 Gross once you are hired from the 4-Month Training Program, however, the (4) months is the earliest you can be hired and many are hired after >= (6) months.
Cons
-While there are approachable individuals there who do make rather large sums of money on a consistent basis, they are far and few in-between. With that said, even if they do chat with you and explain what they do, it may simply not be your own style of trading or they may not be able to articulate it in a manner that is understandable to a newbie because at that point in their career, so many things are subconscious. -Management is operating under the standards that have historically worked for them, thus I can not have an opinion as to how they choose to run their company, i.e. lack of structured training program because there are numerous profitable traders who have "cracked the code" of trading without any training beyond the execution of trades within the execution platform.