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Re: How to be a trader for a company?
randy,
I worked for one of world's largest prop trading houses until I had neck surgery a few months ago. Prior to that , I worked for another house at the CME in Chicago, with a lower profit split - since the 90's . No advanced degree's necessary. 150 traders, 6 countries, all walks of life. They care about potential and results, that is spelled RESULTS - period. You could be a street bum and come in with a system that shows potential and I as well as they will take a shot on you - no different than entering a large position trade - it may work, it may not work, then they cut their loss. They will usually contract a trial period of three months, nominal draw/salary of $3000/month or so, annual or semi-annual payout of 30-40% of profits, once you hit a predetermined level, say $100,000 or $200,000. Hope this helps.
BTW, my real name is Randall, and I used to be a hulk, LOL.
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