30 under 30

jonbig04 · Sep 29, 2008

I shall be on the list, its only a matter of time!

Sniemiec · Sep 29, 2008

Quote from EricP:

Actually, that's mainly because it's much easier to identify top traders that trade for hedge funds. The hedge funds benefit from the marketing that the Traders Monthly article generates for them. Independent traders, on the other hand, have less reason to want the publicity. Truth be told, I know several traders that could have been recognized as 30 Under 30 traders, but were not, given that they were private traders.

The same goes for the Trader's Monthly "Top 100 Traders" list. They were all exclusively hedge fund or institutional traders, one of which managed to lose ~10% on the year for his hedge fund capital under management, but still garnered a $100M+ paycheck on his management fees. Unfortunately, with recognition such as this, the Traders Monthly lists become much less relevent to all traders, IMO.
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It's funny that EricP is saying this, because he could of been in the "Top 100" issue

EliteTraderNYC · Oct 4, 2008

There was a guy from Hold Brothers in NJ last year or the year before, that is a prop firm. Anyone could sign up to trade there.

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30 under 30

jonbig04

Sniemiec

EliteTraderNYC