Block Trading is the absolute worse place a SOESer can trade...
Although a former Block trader, I have seen much worse.
Block offices are closing left and right, and the reason being is that the clowns who run Block are incompetent (at best), and downright sleazy (at worst).
At best, a subjective cheap shot. At worst, slander. You want to back that up with some evidence?
Most Block offices either don't have these very basic helpers, or they charge traders extra for the "service."
Every Block office I have been to (2) had Market Spotter and a news feed. Both were at no additional cost to the trader.
Block's daily trade reports (how much one made or lost the previous day) suck. Reports are not uniform to every office, and they are often very difficult to interpret and full of mistakes (such as overcharges on trading fees and, on occasion, incorrect execution prices). I know many, many, many Block traders who have found constant mistakes in their accounts. (And, guess what? These mistakes are always in Block's favor...)
Every error I ever had on a sheet was corrected on the same day, and it was split about 50-50 between errors in my favor and errors in their favor.
I was trained for free by two Block office owners. They spent a month with me, directly and indirectly, one on one. While that training may have been considered woefully inadequate, I got what I paid for. Frankly, I'm not sure you can train a trader to become a successful trader. You have to mold yourself into being a good trader, through perseverance and determination. Who can teach you that for $3,500?
Bottom line: Block is a piss-poor operation. They seriously suck! Anyone considering SOES trading should look elsewhere.
Who would you recommend? It would only be after hearing your answer that we have a complete understanding of your bias...
Again, as a former Block trader, I owe them nothing. But this was not my experience at all... |
