Discussion in 'Prop Firms' started by Maverick74, Nov 4, 2011.
Guys are always asking me about who is hiring or good trading firms to work for. Well, here you go.
I interviewed there. Seems like a chill environment. The owner actually had his dog in the office when I was there which I thought was interesting lol.
Got the the second round and got the boot, seemed like they were looking for more quant oriented people. The first interview involved a test full of brainteasers. Seeing as how I had never done any brainteasers it probably didnt help! Be prepared for that!
I dont get it. Sounds no different than most other reputable groups in Chicago. What am I missing here?
Yes buy everyone complains there are no "real" prop firms out there or no one is hiring. I get 10 e-mails a week asking me where they should trade. I don't get it either.
lol I'm with you maverick. Mass confusion out there about trading your own capital vs trading job...i think the young kids (18-24) just don't get it since they have no real world experience
Its companies like this that will develop true traders. You have almost no chance of becoming successful by joining a firm that doesnt have a training/mentoring program. A senior trader that will bestow upon you how the trading game really works. You will lose money and not be profitable for the first 9 months so you must a firm that stands behind you.
Kershner Trading Group is also another firm that is actively hiring. Same model. Hired by a senior trader, backed by firm. Spent 4yrs there as a Senior Trader. These places develop real traders. Then once your established go prop and get paid 99%.
good model. it should not take 4 years to develope a trader. way too long
if someone has the abilites . they should be profitable within 12 months
most will washout in there first 6 months anyway . trading is not everyone
It took me 7months. I traded with them for 4yrs. Became a Senior trader and had several traders under me. Got fed up with the $2200 a month in fees and the 65% payout....... So I left.
that is a tough pill to swallow. high fees or lousy payout. ouch
however you made it to be profitable which may be worth it for some
you have a better chance, but ultimately the firm you trade with makes little difference, it's all about your experiences and personal perception of the market. a good trader is firm-neutral and can adapt to different institutional setups
Separate names with a comma.