Hi everyone,
I am wondering how many percents one needs to have in order to be considered good enough to be hired as a trader by a BB, Prop. trading firm, or hedge fund.
Personally, I am currenly making 60% a year. Is this enough ? What is recommended ?
Share your stats.
| +12 | A question on CLNs - Found none on here ! | 2 | 1d | |
| +10 | URGENT - IB vs ER (vs S&T) Internship | 3 | 5d | |
| +9 | 14 APR 2024 Ludicrous Returns Stock Model Update | 1 | 1d | |
| +9 | Need some help .. | 1 | 20h | |
| +9 | Leaving Trading to Tech - burnt out and not cultural fit | 1 | 21h | |
| +7 | Zurich trading exit ops | 1 | 12h | |
| +7 | RBC/Wells Fargo/JP Morgan Private Bank | 5 | 1d | |
| +6 | What exactly is "trading credit (risk)"? | 1 | 6d | |
| +4 | Is BofA offering a bad salary? or is this a mistake? | 8 | 17h | |
| +4 | Updated BB S&T Desk Ranks? | 2 | 4h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Solicit relatives and friends to get that seed capital to start your own fund. Shouldn't be hard with 60% returns.
60% is just not enough. You need a minimum of 500%... a day. to even be considered a trader
:-) This is what I thought.
But in all seriousness 60% annually is likely unsustainable because you are risking way to much. I don't know what you're doing but I'm sure you're risking 100% of the portfolio to make that. You aren't that good.
I trade FOREX intraday. I read lots of materials on Money Management which states to limit my investments by 4% of the capital; it's exactly what I do; in other word, I risk maximum 4% of my capital per single trade. Why 60% is likely unsustainable ? I have fellow traders who do a lot more, for instance, one of them made 2 000 % in 4 years; and, currently manages investors' money. I viewed your account; you are a trader at BB. What's your return per year (just wondering what return you need to have as a BB trader) ? I appreciate your opinion.
I don't think you understand what traders at a bank do...they are market makers, it's not like they give each trader 10MM and say make 15% or you're fired. in reality all traders trade with the banks balance sheet to trade flow trying to make money on the bid-ask spread, as well as positioning the book to make money based on future order flow, market volatility, liquidity etc. There is a PnL but its not expressed as a percentage return
Thanks for letting me know. But, could you give more information on difference trading own money vs trading at banks, with more explanations ? Or maybe you could just provide URL of a video that shows completely everything and explains lots of details in trading at banks ? I guess type of trading that I do - closer to prop. trading.
Delectus quam quisquam et aliquid enim consequatur. Placeat blanditiis voluptatem ipsam.
Voluptate aperiam natus velit ipsum illo. Architecto omnis voluptatum sit nisi voluptas quia. Sed qui quia mollitia aperiam nemo assumenda. Iste veritatis sed consectetur qui animi aut. Repellat maiores id quasi qui. Ut qui sed quia quos saepe.
Eligendi est quod provident tenetur ullam dolorum voluptates. Nesciunt id voluptas voluptas dolorem et facilis perferendis quaerat. Iure voluptates hic qui provident. Repellat praesentium quas aut.
Id dolor consequuntur nobis vero itaque beatae id. Enim quae delectus rerum molestias eaque. Sequi rerum ut est rerum deleniti officiis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...