Hypothetical question

Quote from Lucias:

I doubt those with that level of experience will be interesting because they don't know you. It is not just about the money but about what your firm offers.

I'd imagine at a tier 1 firm like First New York provides their prop traders get access to a lot of institutional support and research. Kershner claims to provide their traders with quants for research and programmers for strategy implementation.

You'd need to demonstrate you have the infrastructure, research, commitment, etc to attract people with prop experience of making several million per year, I'd imagine.

Without a base salary, it will be hard to attract professionals. Most firms, at least, offer a small draw for the first 6 months.
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All fair points. I do think they would know me and the firm after initial interview. There would be plenty of institutional support. Please re-read the OP. There would be a base plus all support.

Of course this is all hypothetical still

Thanks much for taking the time.
 
Quote from bone:

Without a salary ? Cheap cheap cheap. Hell, I'd hire those guys with my own capital.

BTW, what is your "hypothetical" capitalization for an incoming trader ? Fair question.
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100k+ base

Depends. Could be 2mm-10mm dependant on many system/track record metrics. With room up to 40mm eventually.
 
Quote from Spearhead:

Interesting thread. So where do I sign up for this hypothetical job?

I already trade full-time anyway so having a base salary and more money to trade with, and someone footing the bills for subscription services are all pluses.

I do have 3+years verifiable trading records (up about 450%) and have never worked on wall street or a prop shop.
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If I can put this deal together I am working on. And my budget allows for proper compensation in cash plus bonus I will pay Baron for "sponsor status", post my contact information in the thread then close it.

Thank you for your time. And good trading to you.
 
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