Does anyone on the forum has any idea about Capstone Securities Ltd., a Pune based prop-trading firm. I'm interested to know about the work culture and career prospects, once we join the firm. Thanks in advance.
Regards,
Novicetrader90
Regards,
Novicetrader90
There is a very big difference between becoming a trader and becoming a successful trader. Every child can draw a painting , but there is only one Picasso or MF hussain.
To be successful u require a certain type of personality which is very rare, and also a lot of luck, mostly to find a proper teacher and aslo the risk of the market raping u before u gain the confidence.
I suggest u dont waste ur career like this with these people who dont care where u ll land up if one fails as a trader which is highly probable.
Also I know few people who have made money for years and then gone broke.
Rather do something worthwhile to earn a living (engineer, CA) and trade as a part time trader with a small part of ur savings and perfect ur art first. There is nothing that u ll not learn online. Trading is only discipline, which will take years of practice and failures. I agree there r success stories, but the risk here is ur career.
If in the age of ALGO trading they promote screen reading, then these people are running a gambling den, where they have nothing to loose. If I tell you abt the kind of sophisticated software the people at Goldman sachs use to make money u ll know what I mean.
You have ur career or atleast a few months to worry abt, they will loose nothing. And then there is a risk of getting addicted to this dirty game and not giving up at the right time. They r giving stipends which they will recover many fold times from ur brokerages and software charge if u earn. they ll not increase ur qntity till u r consistent. In other countries they r called trading arcades. If u do the math u ll be better off learning and trading small on ur own fund.
Like any good trader will tell u,keep ur bets such that u loose less and win more.