Gambit Trading Reviews

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3.7
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Timothy Chia
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  1. End of an Era

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Proprietary Trader in Rolling Meadows, IL
    Former Employee - Proprietary Trader in Rolling Meadows, IL
    Doesn't Recommend
    Negative Outlook

    I worked at Gambit Trading full-time (More than 5 years)

    Pros

    Great for personal growth and development

    Cons

    Company closed shop unfortunately; it was a good run

    Advice to Management

    Best of lucks to all former Gambit employees


  2. Okay, but you can do better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Proprietary Trader in Rolling Meadows, IL
    Former Employee - Proprietary Trader in Rolling Meadows, IL
    Doesn't Recommend
    Negative Outlook

    I worked at Gambit Trading full-time (More than 3 years)

    Pros

    Owners are good guys and friendly. Give you autonomy for the most part and if you prove yourself they will give you size to trade.

    Cons

    Not very structured and for the most part you are on your own to learn how to make money. New hires have high fixed costs to overcome and post costs, they will take 50% of your income. They also don't embrace change as quickly as they need to - they try to but just don't know how to put aside "the good 'ole days."

    Advice to Management

    Listen to your people - good ideas can come from the most unlikely places. Adaptation is the key to survival.


  3. Volatility has ruined the company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in Rolling Meadows, IL
    Former Employee - Trader in Rolling Meadows, IL

    Pros

    Fair commission structure. The hours are great if you can throw your trades on and make money then get out. They pay is great when you are making money. The company will give you good size to really start making some serious money.

    Cons

    Very slow on adapting to the changing trading conditions. Some strategies are just not working anymore, and the company tried looking at other products to trade, rather than treasuries, but that was short-lived. The fees are very high for trading. You will have to pay sitting fee, broker fees, etc...it adds up before you get to the split with the company. If you are slow and not at the top of your training class - management will fire you or ignore you completely.

    Advice to Management

    Good luck reworking the company.


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  5. Huge fiscal potential, highly stressful, long 3rd shift hours for 1st yr, freedom after proven profitability

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in Rolling Meadows, IL
    Current Employee - Trader in Rolling Meadows, IL
    Recommends

    Pros

    The potential upside in income has no ceiling. You are trading with real money within 4 months of starting. Senior traders have great freedom in deciding their own schedules; as long as you're making money you can work when you deem necessary. Also its a very casual environment.

    Cons

    It is one of the few jobs that you can work hard and still lose money all week. In order to get the hang of trading they make new classes trade during European market hours. The hours are long at the start.

    Advice to Management

    none they do a great job



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