Recent content by fleetingboston

Generally commodity focused macro... Would be good to get a group out sometime IRL. Also, not sure if anyone is looking or has office space, but would like to find an office mate in the same business.

Well, the fixed cost is your seat cost and salary. The rest is upside for the bank. So its more a matter of the portfolio of traders and their correlation and actual use of regulatory capital (not balance sheet). I think everyone wins if you work within you limits, maybe not at them all the...

yeah i think it falls somewhere in the middle... usually i would run into the concentration limit or var limit first. I like big positions tight stops and many tries. In fact they had raised the var limit for me specifically, it was double what someone else with the same drawdown would normally...

as an ex commods guy on a prop desk.. our limits were drawdown (~5-10mm); max var (~2mm) and profit expectation was around 1.5x drawdown on average, or 4-5x max var. There were other limits like concentration etc. All these limits were soft, if you were making a ton of money it got more relaxed...

if we get enough people we can meetup

hey.. i trade commodities.. been in miami about 3 yrs