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is not indicative of future performance or success.
There is a substantial risk of loss in trading. You should therefore carefully consider
whether such trading is suitable for you in light of your financial condition. You should read,
understand, and consider the Risk Disclosure Statement that is provided by your broker
before you consider trading. Most people who trade lose money.
on occasion some intelligent debate can be found on these fora, which is almost completely nonexistent on any finance related sites on the internet. it is then that i decided to ask, ¿does anyone know what would work best in order to join a proprietary trading institution?
i have developed tens of beautifully profitable strategies and have been publicly documenting their performance for 2 years on the internet but this has not helped. i have also applied to some job openings listed on the openquant website and have not made much progress either.
finance is supposed to work as a meritocracy where profitability should be the only relevant criterion but maybe that’s not the case. if anyone has knowledge, experience or connections in any large financial institution it would be really interesting to read their opinions.
Why not post the trading signals for one or more of these systems on Collective2? This would give you a verifiable track record and you could also gain subscription income.
Here is a list of proprietary trading firms. Contact them one by one (via email or phone) and show them your trading record. You can also google for " proprietary trading firms" and do your own research.
A word of advice : Stay away from these “we will fund you” firms, most of them have only one goal in mind, to make money from the “evaluation” fees.
A legitimate trading firm will never ask the trader for money.
You can post your trading signals on C2 AND to the trading firm (if they allow you to work remotely via the internet), to double your income. From what I’ve heard, getting a job with these firms (as a trader) is quite difficult and challenging.
You can try the online prop firms if your models can beat them. Apex funding, Top step for example. Linkedin might be a good resource to reach out to board members of banks or firms, Hr, Recruiting etc.
Apex is one of these “we will fund you” companies mentioned earlier.
These firms make their money from the so-called “evaluation” fees.
Traders should carefully research these companies before sending them any money.
In fact a simple google search returned this info, for instance:
Places like Apex… Are not for the vast majority. Something like 97% Wont see a payout… Its predatory in its nature taking advantage of failing traders and even modestly ok traders by implementing rules that are harder then just trading the market its self. But… They can be beaten… And you can get payouts…
