Stats for successful trader in prop ?
- Thread starter Frenchy
- Start date
I'm just giving prop traders the benefit of the doubt , since they are actually doing it "professionally"
So the number is much lower?
Few months ago Steve T. Mentioned half the traders in his jersey city firm was making $10k+ a month or something. Must be the most successful prop firm on the east coast
Say if a prop shop hires 10 traders it is expected that 1-3 will become successful traders.
1 "star" trader 1mm+
1-2 average to good traders100k+
the rest are expected to either get fired or quit within their first year and a half.
If you are interviewing at a prop firm find out the success rate of their traders as well as retention rate( traders who stay with the firm more than a year).
1 "star" trader 1mm+
1-2 average to good traders100k+
the rest are expected to either get fired or quit within their first year and a half.
If you are interviewing at a prop firm find out the success rate of their traders as well as retention rate( traders who stay with the firm more than a year).
Certainly not half but there are a bunch (at least 9-10 guys out of 40 in my group) making between 100k-300k a year. So averaged out, thats 10K+ a month. But thats only in my specific group. There are a bunch of others group within my firm and I dont know how well they do. I do know of at least 2 guys in my office that are up somewhere in the neighborhood of 1 mil for the year but thats extremely rare. I am sure the majority of the guys arent making any real $$.
Quote from coolweb:
I'm just giving prop traders the benefit of the doubt , since they are actually doing it "professionally"
So the number is much lower?
Few months ago Steve T. Mentioned half the traders in his jersey city firm was making $10k+ a month or something. Must be the most successful prop firm on the east coast
Yeah. I work for group within Hold though (cant say the name here though, ET policy). I dont know what kind of money the avg guy in Hold makes.
Its not really that crowded, maybe it was moreso a few years ago but I feel like the trading floor is pretty comfortable. They also opened up a midtown manhattan office recently so some guys went there (Im in the Jersey City location).
Its not really that crowded, maybe it was moreso a few years ago but I feel like the trading floor is pretty comfortable. They also opened up a midtown manhattan office recently so some guys went there (Im in the Jersey City location).
I'd say that was a fair stat for our office (trading futures)
At the extreme the big boys will play with 2000 contracts a time for trades lasting a matter of minutes or seconds. The top guys in various london company prop shops can consistently make £100k a month after costs - but that's pretty special.