I fail too understand why, someone whom is successful enough to be hired, would take a position where they would never make the same as what they could on their own, unless they have an issue with trading a large size, which in turn, would not put them into a position to be hired in the first place. I appreciate the size of a fund is monumental in comparison to the average retailer, but any retailer with a solid future and skill will, eventually, achieve equality (in size) without having to only take a percentile wage from a fund.
I see your point Wasp (can I keep calling you that as your new name is simply too long and shortening it to Banana doesn't quite seem to do you justice lol), but I think a lot depends on the deal you cut out for yourself.
Eg I seem to remember having read that SuperStar Paul Tudor Jones incentivizes his traders by offering them deals that are almost as good as if they'd start their own hedge fund, meaning they get close to 20% of the profits that they make.
Now, lets say they give you a hundred mill or even several to trade...
you have a good year...
double that...
And hey, come December or whenever they close their books you go home with upwards of 20 mill in your pocket.
Now, of course if you are really good you can start with a small amount and compound yourself up to that level and way beyond.
But it is a shortcut though, isn't it, that can accelerate things quite a bit, what ?
Btw, options, I read in the same interview with him that he doesn't really care what people did or didn't do before, all he cares about is their ability to make money and a track record to demonstrate just that.
Which makes sense, that's all this is about, right, the ability to make money.
