Shaolin Spread education

Any idea what this course entails?

I'm almost tempted, except the chances are that everything they teach could be written on half a side of A4.

Anyway, I already know the basics and can pull up all the Euribor spreads on my trading machine tomorrow morning. the problem is that I don't really know what this sort of spread trading involves.

If anyone could give me any tips to spark off some ideas I'd be very greatful.



This two-week course specialises in the theory and practice of trading butterfly, condor and box strategies in the STIR (Short Term Interest Rate) markets for profit.

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Training is undertaken within a ‘professional’ team with full supervision and tuition. Participants will attend daily training sessions and have the chance to put theory to practice each day by trading the market through ‘live simulators’ under the guidance of existing traders.
The all-inclusive price for the two-week course, including desk, pc, trading software and tuition is £995

All candidates will receive a completion certificate and the highest performing trainees will be offered a place within the team with Shaolin arranging £2000 towards each new trader’s costs.

The two courses are scheduled for:

1. November 2006 14th – 25th (10 places)
2. December 2006 5th – 16th (10 places)
To apply for this course, or to come and visit our offices:

lol - stay away!!

in other words, they are asking you to cough up £1k for an interview. this is great for them as it covers their risk and time, while also gives them a whole week to make sure they can pick the right candidate at your expense.

(only a real trader could dream up such a risk free scam that plays on the markets sentiment/greed [grad intake] pool of wannabee traders )

i guarantee that what ever you learn there will be obsolete outside an arcade environment - and other arcades will teach you this stuff for free.

tell them your time is valuable and you will attend a whole weeks intensive interview if they pay YOU £1k as you have other interviews at other arcades that you will have to sacrifice. believe me, they will respect you more for that!!!

charlie chan is right stay well away. They're taking the **** and probably wont teach you anyhting you dont know already.

Shaolin is run by Arjun Rose formely of Candlestick Trading Co if I recall correctly, and they clear through Schnieder's as a trading associate. Check the commissions. No point trying to learn exotic spreads like fly's on fly's, condors or box's if your cost of putting the spread on is more than the half tick you'll get out of it.

I trained with Shaolin in Manchester for a month, actually very good training and I'm trading profitably now from home (through them). 1k is not a lot of money if you are a trader, you guys probably need to concentrate more on the markets rather than discussion boards if you want to be traders. If I was to teach somebody what I do now I'd charge a fortune!!

Haha good point newwizard. I also trade with Shaolin futures and this is the exact point that everybody is missing. Lets make smth straight, there are hundreds of arcades out there that work on the 8/10 rule. They offer you a small salary and by the end of 3-4 months they have already shorted the "consistent" ones. This is not the case with shaolin. Their aim is to keep all the traders that they take in and create a small elite team in the STIR market. When I took the big hit as a newbie these guys were above my head until I was able to regain all my confidence back. Anyway I had the same problem when I was looking for a trading job. Iwas browsing through threads reading stuff like " be careful", "stay away" and by all means there are arcades like these, BUT I found out that at the end of the day it doesnt matter in which prop or arcade firm you are in. It is the willingness that should drive your every step and you shouldnt get misled by crappy threads with monkeys that have nothing to prove. And again if you want to ask someone why dont you ask them. Cant you use your own judgement or do u trust every guy in here that may had a bad day or he may have heard some **** from someone else that his aunt told him. Its just my belief that are many people in here that have a wrong opinion about arcades.

And let me ask smth else to all these pros that are trading from home or IB's or whatever. How do u expect for a recent uni graduate with 0 yrs of experience to follow a career in trading. Do u think that its just easy to get into an IB graduate programme or do you think that every newbie just sets up his own trading machine from home. These eras are over. Everybody should have his own mentor especially in the early stages. I understand that all the pros have been equiped with all the traits of a successful trader but nobody can be borned just like that. This is what these arcades do. They equip you with all the necessary experience and if you are really determined, disciplned and patient you might be able to follow your own path.

Bottom line, shaolin doesnt take 30 or 40 candidates and then it just keeps the 4-5 best of them. They dont want guys like "ehmm and when will I make money", or "will I make it"? They just want guys that are really determined had done their resaerch on trading know the consequences and the pros of it and they are really sure that this is what they want to do. This is why they are doing it this way. As for the training I personally believe its more effective than any other prop shops that i ve been, but thats just my personal opinion. Hope that answered a few of your questions.

Thanks

I have first hand experienec of the guy who runs/owns shaolin?? Yes he did go down the route of take on ten see what sticks, yes you did get rinsed on commisons, no they didn't teach you **** all. To be fair to the above posters i have nothing to do with shaolin but by the sounds of it things haven't changed much, if anyhting its got worse.

Mauzj, at then end of the day its your choice, just make sure you know what your getting yourself into and educate yourself fully before making any decions, then again it could be the best move you make.

Expain a little but please what do you mean you had first hand experience. Did you ever trade or apply to shaolin futures. Cause I think in order to form an opinion there should be some facts right? So what is your experience or relationship with shaolin futures.