Serious answer. They want to see that you can control risk and have positive expectancy with low variance. Risk-adjusted return needs to be reasonable, but their criteria for reasonable depends on their agenda (aggressive, growth, etc.). 1 year of good trading isn't unreasonable if you're new to the game and show them that you know what you're doing and can be worth spending a little time and money on to further flourish your skills. A lot of online options are available now, but there aren't the firms you're thinking of. At least it's something to get started on. Apteros Trading offers tryouts to sit on their live prop desk, so that may be your most time-efficient option, or at the very least the option if you don't have a decent history of successful trading. You can use them initially and then have an exit-strategy for another firm. You can try out for 2 months (pay about $600) and then they scale you to account size relative to your skills, and you could realistically be looking at managing multiple MM relatively quickly. https://www.apterostrading.com/ Not affiliated with them in any way, but know someone who went through the process successfully. Same with the company listed below: TopStep www.topstep.com
Not everybody has >10M$ or >100M$ AUM. The small fish don't get any attention from anyone. Also, a high p.a. come with proportional risks.
Why so angry? I think you need to catch up on that sleep you keep mentioning every other post. Show us how much money you made on Monday with an actual P&L statement, but make sure you catch up on that sleep first.
Last job offer I ran into on LinkedIn, they were requesting a Sharpe above 3. I don't do 3 Sharpes, I just don't. Mid 2's on nice markets and mid 1's over the cycle (Nice market+ Shitty market combined). And that's with 35% SD and close to 50% max drawdown for a puny close to mid-double digit CAGR. So I guess I don't qualify. Heck, I didn't even know consistent 3's existed. Jesse Livermore and Niederhoffer maybe but it didn't necessarily end well.
Looked for it but couldn't locate it. Maybe they pulled it? Or they found that golden needle in haystack.
You know why people seek external capital even if they don’t need it? it diversifies their risk and can give them an higher expected value by either getting a beta higher than 1 or creating a cheap call option. that’s why rich movie producers still source outside funding. And why real estate developers look for partners when doing projects.