Hey guys. Im an ex Prop trader with the now defunct Tradescape. Just looking for wisdom from you guys about the real differences about Proprietary Trading for an Invesment Bank VS Proprietary Trading for a Prop Firm.
One is a high-salary position with bonus and benefits paid by the investment bank; the other usually is a non-salary position, where you get part of the trading profits (ex-commissions) as compensation.
Investment Bank = Salary, Order Flow, Pressure, Will be Fired if negative Prop Firm = No Salary, No Order Flow, Pressure, Will fire yourself if negative. Sitting at home = No Salary, No Order Flow, No Pressure, Can't Fire yourself. Become homeless if negative. Homeless = People giving you money into a coffee cup, No Order Flow - except at the shelter, No Pressure, Can't fire yourslef. If negative - become a college professor.