New Propex Intake

[zerstorer]

http://www.seek.com.au/job/trainee-b-futures-b-b-trader-b/sydney-inner/15727893/87/1/

I thought I had already posted this, apologies if I have.

It has been up for about 3 hours now with like 50 applicants already.

 

[Sean K]

http://www.seek.com.au/job/trainee-b-futures-b-b-trader-b/sydney-inner/15727893/87/1/

I thought I had already posted this, apologies if I have.

It has been up for about 3 hours now with like 50 applicants already.

It was deleted because it looked like Spam.

I didn't even hit the link in case my computer got the Swine Flu.

Anyone else?

 

[johnnyg]

Looks OK Kennas --> http://www.seek.com.au/job/trainee-futures-b-trader-b/sydney-inner/15727893/42/1/

 

[Sean K]

Looks OK Kennas --> http://www.seek.com.au/job/trainee-futures-b-trader-b/sydney-inner/15727893/42/1/

Well, I trust you johnny, so OK.

I'm still not clicking on the link though. Even though it's seek. Just don't trust emails or posts that say 'look here!' with nothing else.

Why not just post the info here?

 

[zerstorer]

Well, I trust you johnny, so OK.

I'm still not clicking on the link though. Even though it's seek. Just don't trust emails or posts that say 'look here!' with nothing else.

Why not just post the info here?

You serious? Why would I post what is simply a single click away at a known good domain?

If that is too difficult, I'd imagine the content is of no value anyway

Edit: and sorry to whoever deleted the thread the first time, wasn't trying to spam (or double post) even though I apparently did

 

[skyQuake]

How do you know 50 people have already applied?

 

[zerstorer]

How do you know 50 people have already applied?

I overhear things

Oh, and on rereading my previous reply, I wasn't trying to indicate that you, kennas, wouldn't be up to an entry level position - sorry if it sounded that way.

To be clear, I do not represent Propex in any way, but, I do know quite alot about them

 

[IB12]

Anyone can give me a feel for what the culture is like at Propex?

I'm seriously thinking about applying to the place for the grad program.

They offer "mentoring" but what does this mean? Do they take care of people and try to nurture talent? Or is it an aggressive, eat what you kill place where there is a specific time frame that you have to be profitable by? And thus they will show you the door if you don't make it?

They had a pretty large intake last time around, so the place must be filled with like 20-80 people at least.

Is the trading floor anything like this? (i.e. former Refco floor)



Or is the culture more like an Arcade like this:
http://www.youtube.com/watch?v=tsZ3vmzmUYE

http://www.youtube.com/watch?v=XruhYQW6unA


I currently trade forex and equity index futs with IB and MetaTrader, have done well (can prove/verify with brokerage statements) and think I'm ready to take the leap. I love the lifestyle so yeah.



Any help would be appreciated. If I can figure out the details it would save Propex and myself time, whether I'm right for this long term.

If you would like to PM me, feel free to. Maybe we could be friends.

 

[Trembling Hand]

IB12 if your have traded futs with some reasonable success but just need to up size and get access to cheaper brokerage just contact them in regards to trading rather than starting at their grad program.

 

[IB12]

IB12 if your have traded futs with some reasonable success but just need to up size and get access to cheaper brokerage just contact them in regards to trading rather than starting at their grad program.

Thanks TH.

My only concern is that I've only been doing this for about a year, with good results. And that it might not be sustainable, and I still need to learn a few things. That's why I'm targeting the grad program.

And ... if it turns out that I do blowup long term or fail, then I'd like to know what other avenues are available career wise. I mean, I've got good results, however there were a couple of trades where the drawdown was indeed quite large, so in a sense I still need to refine my strategy if I want to lower the risk (and maybe returns) hence am still in the beginning/mid stages of the learning curve.

I only recently graduated from Uni, did a B.Com/B.Laws and did well.

 

[Largesse]

the law degree will be useful

 

[supermatt]

i just got an email back from propex ( I enquired about their online trading program) as a stepping stone to "possibly" getting a gig with them. then found that the course was 2.5k, seems like quite alot .. (not that im looking for a free ride or anything ) has anyone done it? quite a big unknown i would imagine.

thoughts on if its worth it etc?. over 40 lessons going through an all round approach to highly active trading. its an online version of the training they do at their office apparently.

 

[ags83]

i just got an email back from propex ( I enquired about their online trading program) as a stepping stone to "possibly" getting a gig with them. then found that the course was 2.5k, seems like quite alot .. (not that im looking for a free ride or anything ) has anyone done it? quite a big unknown i would imagine.

thoughts on if its worth it etc?. over 40 lessons going through an all round approach to highly active trading. its an online version of the training they do at their office apparently.

Do you know if they just got this going ? Just came across the propextraining.com website, doesnt seem to be a link to this page from their homepage though. Would also be very interested also to hear from anyone whose done it. Compared to some other trading training programs i've seen the cost seems fairly reasonable. And as they haven't been selling these courses for long its not their main business which is a good sign.

I will probably end up doing this within the next few months as hopefully a means to getting a spot there (tried twice allready through the regular route ).

 

[supermatt]

i am not to sure as to the depth of the course, it seems very basic to me and anyone that has been around trading for a while would probably find it boring and get nothing out of it.

im not trying to say that i know everything but you know... just going by the course outline it does seems very basic and i have been studying trading for over a year now and i personally dont think id get anything out of their course. There might be maybe 1 or 2 lessons out of 40 that i might find helpful. for 2500$ for anyother course no way in hell would i do it but this is a different situation all together.

but yeah would be great to hear from anyone who has done it and if it lead to a job there. I have emailed them a more detailed email on some of these questions.

but i guess 2.5k is nothing if it lands you a job there which is probably the only reason id do this course

 

[ags83]

Apparently they just put it up a week ago so noone would have completed it yet.

Yes the major reason I would do it is to gain a spot there, so would need to be sure that they will notice if you are doing a great job.

 

[supermatt]

yep I have confirmed that it is only 1 week old so yeh no one has done it yet.

sounds to me as though it could be a decent stepping stone. If not anything else you can get great low commisions through one of there clearing houses

if you do it ags let me know because i am seriously thinking of doing it as well

 

[hooikk]

i am not to sure as to the depth of the course, it seems very basic to me and anyone that has been around trading for a while would probably find it boring and get nothing out of it.

im not trying to say that i know everything but you know... just going by the course outline it does seems very basic and i have been studying trading for over a year now and i personally dont think id get anything out of their course. There might be maybe 1 or 2 lessons out of 40 that i might find helpful. for 2500$ for anyother course no way in hell would i do it but this is a different situation all together.

but yeah would be great to hear from anyone who has done it and if it lead to a job there. I have emailed them a more detailed email on some of these questions.

but i guess 2.5k is nothing if it lands you a job there which is probably the only reason id do this course

Hi Matt,

I'm interested in doing the Propex course as well and was just wondering what kind of questions you asked them?

I asked Guy a few questions about their simulator, but wanted to make sure I covered all bases.

Have you received a response?


cheers,
NK

 

[supermatt]

yeah sure be good to exchange questions to make sure all bases are covered.

I basically asked him what does the course offer that others dont, and if i have more than 1 year experience and am more than a new trader but not an experienced trader yet. Like someone such as myself i have done that many courses and been on trading sites everyday for over a year researching.

what will the course give me knowledge wise and if ill get anything out of it

The answer i got was that essentially what the course tries to do is give you an overall plan of attack for trading a market. they use the spi for most of the examples but applies to every market. I am really not sure what benefit is in it really, vs having a mentor sit with you inhouse (which i think would be invaluable)

I told him of a few courses I have done and he says most are similar but the propex one is different from the way they go about things, he then went on to say nothing is secretive there , just simple.

he said the online course is a new way to find inhouse traders but he is not sure how it will go as its only new.

About the sim he said they cant monitor you on that remotely the only other way is to trade live for a while then show your account balances after x period of time.

Guy was very helpful and easy to talk to so it was good to get some of these answers.

What did you find out ?

 

[hooikk]

yeah sure be good to exchange questions to make sure all bases are covered.

I basically asked him what does the course offer that others dont, and if i have more than 1 year experience and am more than a new trader but not an experienced trader yet. Like someone such as myself i have done that many courses and been on trading sites everyday for over a year researching.

what will the course give me knowledge wise and if ill get anything out of it

The answer i got was that essentially what the course tries to do is give you an overall plan of attack for trading a market. they use the spi for most of the examples but applies to every market. I am really not sure what benefit is in it really, vs having a mentor sit with you inhouse (which i think would be invaluable)

I told him of a few courses I have done and he says most are similar but the propex one is different from the way they go about things, he then went on to say nothing is secretive there , just simple.

he said the online course is a new way to find inhouse traders but he is not sure how it will go as its only new.

About the sim he said they cant monitor you on that remotely the only other way is to trade live for a while then show your account balances after x period of time.

Guy was very helpful and easy to talk to so it was good to get some of these answers.

What did you find out ?

There is an FAQ (http://propextraining.com/?page_id=1720) on their training where the questions are being collated as well - seems like both our questions are up there too.

Yea - agree that Guy is quite helpful. As an aside if you didn't already know, Guy is a published author and has a website up, http://guybower.com/. Seems like he has a trading newsletter too.

 

[supermatt]

yea looks like our questions have been added there. I didnt realise guy was an author, looks very accomplished, thanks for the website