I am currently trading my own capital and would like to form a partnership with an existing firm. I have been trading since 1998 and have worked at one of the largest prop firms and also one of Chicago's largest hedge funds. I have extensive trading experience in equities, options and futures and also have developed a few automated systems that are ready to roll. I would welcome any suggestions of firms that would be willing to provide capital and downside for a % of profits.
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Prop firm recommendations
- Thread starter hat8866
- Start date
cy group lets you trade their capital. u keep 100% profits as well with the deal i got with them. pm if if you have questions. maybe i can get you the same deal
Quote from allbutgreen:
cy group lets you trade their capital. u keep 100% profits as well with the deal i got with them. pm if if you have questions. maybe i can get you the same deal
what's with the secret..why not post it here? I've read different rates here before...or are you getting a cut?
Post your system's performance. (or PM me)
The performance, the measures you use and how you present the report should be more than enough to assess how well you are as a system developer.
Also, what would help is the type of environment you require for the models. eg. Max commish, network and computer stuff (like requiring a remote server to be setup)
We can start there.
I used to be in a few partnership in Chicago, developing models and trading for funds and firms, so hopefully I can provide you with a few tips...
One important aspect of being a freelance developer is how you present your project. And keeping the presentation well thought out beyond the scope of the system itself.
Next aspect is the contract and protecting your assets. Things like source code, monitoring / support, monetary aspects need to be well thought out.
Finally, network. As you know, one successful deal leads to providing yourself with a name, leading from one to another. It's a small industry, especially in Chicago. The toughest deal is the first one and the most important. Some projects I've done has not made money but I kept the losses small and very professional. I personally stopped a system in a very short time, after I realized that the system will not perform. That in itself lead to a next deal with the same firm, purely because I took the loss professionally.
Again. Small industry. Gotta keep all the bases covered before you step into an office or you'll get burned.
The performance, the measures you use and how you present the report should be more than enough to assess how well you are as a system developer.
Also, what would help is the type of environment you require for the models. eg. Max commish, network and computer stuff (like requiring a remote server to be setup)
We can start there.
I used to be in a few partnership in Chicago, developing models and trading for funds and firms, so hopefully I can provide you with a few tips...
One important aspect of being a freelance developer is how you present your project. And keeping the presentation well thought out beyond the scope of the system itself.
Next aspect is the contract and protecting your assets. Things like source code, monitoring / support, monetary aspects need to be well thought out.
Finally, network. As you know, one successful deal leads to providing yourself with a name, leading from one to another. It's a small industry, especially in Chicago. The toughest deal is the first one and the most important. Some projects I've done has not made money but I kept the losses small and very professional. I personally stopped a system in a very short time, after I realized that the system will not perform. That in itself lead to a next deal with the same firm, purely because I took the loss professionally.
Again. Small industry. Gotta keep all the bases covered before you step into an office or you'll get burned.
cy group lets you trade their capital. u keep 100% profits as well with the deal i got with them. pm if if you have questions. maybe i can get you the same deal
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So what's in it for them? I just don't get it.
What exactly do Prop. firms offer? How does it work?
======================================
So what's in it for them? I just don't get it.
What exactly do Prop. firms offer? How does it work?
Quote from hat8866:
I am currently trading my own capital and would like to form a partnership with an existing firm. I have been trading since 1998 and have worked at one of the largest prop firms and also one of Chicago's largest hedge funds. I have extensive trading experience in equities, options and futures and also have developed a few automated systems that are ready to roll. I would welcome any suggestions of firms that would be willing to provide capital and downside for a % of profits.
You have experience trading options? With the bid/ask spread, time decay and volatility implosions do you find it's much easier to trade futures? Can you name a book that has "practical" information on how to trade options?