How much those 5% successful prop trader can earn

And then you get the pleasure of blowing up the HF that hired you which allows non idiot savants like ourselves to make a lot of money.
 
Quote from GGSAE:

I can say the same for my office...the elite 5-10% consistently make upper 6 figures/7 figures but many of the 6 figures guys could be making more if they really pushed themselves harder. Aside from that group there's another group representing 10-15% (let's call beta traders) that consistently make good money and includes a few traders that will probably join the elite but are just lacking experience. Then rest is probably of mix of profitable/losing traders that i pay little attention too...
I would also note i've met some traders that for periods make absolute killings (averaging 5/6 figures a day) but for whatever reasons stopped trading; some went cold, others used their trading income for other investmenst such as real estate. I think regardless of the firm if it's run by a succesful trader with a definitive edge you'll see similar figures to what i posted here - not the absolute dollar profitability but the scale of success relative to all traders within the group.
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This the most accurate description of a trading group IMO...
 
One of the guys on the cover of "Top 30 Under 30" trades prop at FNYS and said in an interview he is 25 years old and made mid 7 figures
 
Quote from switze22:

One of the guys on the cover of "Top 30 Under 30" trades prop at FNYS and said in an interview he is 25 years old and made mid 7 figures
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seems alot of prop traders make a good buck
 
Original asker of the question, if you are still reading the replies, go to collective2.com and look at hundreds and thousands of "hypothetical performance records" of people's trading. This will give you a very good idea how many people make money. When it is real money as opposed to play money, the performance becomes even poorer because the real emotions start playing into the trading decisions.
 
Quote from automated:

Original asker of the question, if you are still reading the replies, go to collective2.com and look at hundreds and thousands of "hypothetical performance records" of people's trading. This will give you a very good idea how many people make money. When it is real money as opposed to play money, the performance becomes even poorer because the real emotions start playing into the trading decisions.
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He is talking about prop traders that are ALL intraday.

People that post trading systems on collective2 are just masturbaters.
 
Quote from ThePropTrader:

Tobyzzz cool thread, You might be interested in taking a look at Trader P/L 2008 thread which has day to day results of traders daily P&L's, I post there too. Here is the link to the thread http://www.elitetrader.com/vb/showthread.php?s=&threadid=113193
What is amazing is this trader EricP made $1M in a single day, here is the link to his post
http://www.elitetrader.com/vb/showthread.php?s=&postid=2078776#post2078776

Other trader that is very consistent achiving 6 figure days regularly is Lescor. Like this day, around +500k http://www.elitetrader.com/vb/showthread.php?s=&postid=2122725#post2122725

Following day he hits +300k http://www.elitetrader.com/vb/showthread.php?s=&postid=2124126#post2124126
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those are exceptional returns for the above traders due to unusual market. the above exceptional returns are probably 100X more than their returns on an average day.
 
Quote from JCVR:

You won't get into any big hedge fund as a trader without an extensive educational background, I can gaurantee that. The old club where guys made millions on hard work and no high school diploma died with the floor. Like it or not most of the hedge fund traders now have graduate and doctorate work under their belts or were fairly brilliant in school.
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pfft, b.comm is all thats needed...

maybe a psych degree instead for trading lol
 
i guess i'm just a small fry compared to most of the ET posters, but i made about 2.3 mil for my firm at a 75% cut since jan 1. all bond futures
 
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