Pirate12345
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Whats the average salary for an average trader at any of reputable prop firms?, aka optiver, tibra, jane street etc...
1 hundred million dollars.
Plus quite often the most seemingly profitable strategies sadly tend to blow you up in one afternoon...
having a 'mare mate?
Whats the average salary for an average trader at any of reputable prop firms?, aka optiver, tibra, jane street etc...
Whats the average salary for an average trader at any of reputable prop firms?, aka optiver, tibra, jane street etc...
Do you have ambitions and a burning desire to be average ?![]()
wat can i say, im a realist. just having a major interest in the markets doesnt really set me apart from any of the other traders here, as for trading ability ive just been practicing on a simulator, been averaging about 3-5% a day trading very few stocks, been thinking about trading as a career and just looking at potential average earnings there doesnt seem to be alot of info other than the odd millionaire 28 year old.
A prop traders salary is dependant on what they earn the firm.
Some prop firms offer a retainer of £5k per month for the first 3 months, then its a % of the profits.
This % is negotiated and is between 15 and 50 % of the profits on the value of the account minus desk fees/ commisions ect.
Form what i hear prop trading is not where you want to be if your a talented trader . There are more openings in other firms like wealth management firms and hedge funds.
A prop traders salary is dependant on what they earn the firm.
Some prop firms offer a retainer of £5k per month for the first 3 months, then its a % of the profits.
This % is negotiated and is between 15 and 50 % of the profits on the value of the account minus desk fees/ commisions ect.
Form what i hear prop trading is not where you want to be if your a talented trader . There are more openings in other firms like wealth management firms and hedge funds.
No your missing the point. ON AVERAGE my guess would be that an average hedge fund trader takes home more than an average prop trader per year.
However if you had two very good traders of the same ability. The prop trader would take home more than the hedge fund trader.
Your impression about account funding is wrong. It depends on your circumstances and the firm you join.
I believe Optiver in Australia pays graduate traders 100k a year + 50k bonus.
Of course I might be wrong...though I think the numbers are fairly representative for Australia at least.