I have a friend interested in companies that train and hire daytraders to trade company funds. Please coment fom personal experience. She has many years of daytrading experience but is looking for a stable reliable company with a good track record. No churn and burn group.
I'm confused. She wants a company that trains, yet "she has many years of daytrading experience"? Which is it?
Companies hiring trainees, in my experience, generally want people straight out of school, preferable with athletic credentials. They feel this means that the trainee has physical stamina and is competitive.
Experience means working on the proprietary trading desk of a firm, not sitting at home with a personal account. That's a way to develop bad habits. It's a different word when you're dealing with size.
Besides, if she's making money in her own account, why would she want to work for somebody else? So, I'm assuming she's not making money. So, why would a firm want to hire her.
By the way, "churn and burn" is a term that applies to retail stock sales people, not traders.
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