Pacific Northwest Prop Trading

I am looking to join an office in the area after trading retail (equities and options) for 2+ years. I may have to head south if my search doesn't turn up something :(
 
I'm thinking long and hard about moving to the Pacific NW to trade myself. Quality of life issues mostly. I'm looking at Seattle and Portland but I'm open to any state that is in the Pacific Time Zone that is not California. Now Oregon has that high "worldwide" income tax which is not good, but Vancouver Washington is a lovely mid sized city in the heart of the NW and looks to be very trader friendly. That, and its rigth across the Columbia River from Portland, Oregon which is an amazing town.

If we could get Bright or Echo, or any bigger Prop Shop to move in the area I would probably join.

What do you think?
 
I recently signed up to this site and I have an interview comming up with a company called Chimera Capital for a proprietary trader position. I graduated college less than 1 year ago and I am considering a career change, however, one thing that makes me a bit skeptical is the lack of a base salary. Can someone with any experience in this industry (specifically prop trading) give me a realistic idea of what kind of money I can expect in my first year? Also if you know anything about the company itself I would love to hear about it. Thanks!
 
Quote from ILZzz82:

I recently signed up to this site and I have an interview comming up with a company called Chimera Capital for a proprietary trader position. I graduated college less than 1 year ago and I am considering a career change, however, one thing that makes me a bit skeptical is the lack of a base salary. Can someone with any experience in this industry (specifically prop trading) give me a realistic idea of what kind of money I can expect in my first year? Also if you know anything about the company itself I would love to hear about it. Thanks!
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Very few firms, if any, will actually pay someone to trade for them. I think that FNYS has a base salary for a few months while going through some training in NYC.

Most firms are looking for independent traders who earn their money via trading profits....either 100% to the trader (if they put up some risk capital), or a smaller percentage if they don't (not much of that going on these days).

If you're looking for a job (vs. discretionary trading position), I suggest you approach one of the stock/futures exchanges...learn the ropes their, move up when ready.


All the best,

Don
 
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