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Discretionary Proprietary Trading Firms - Advice

karlml's picture

Hi,
I have never posted in this forum before but have been a member for a while and read a lot about what you guys post.

3 questions:

1) What are the best discretionary prop trading firms, ideally NYC, that lets you trades multiple products? Not Quant/High frequency/algo or MM etc. My style is discretionary global macro. I trade on 2 frequencies, Intraday S&P emini futures and more swing trading and long term in other asset classes. Very similar to a PM at Moore, Tudor etc

2) I have a fair bit of experience and uinterested in beeing trained, just want capital, a social environment and build a track record over 2-3 years so that I can pitch myself for a discretionary Global Macro HF. Am I dillusional thinking a Global Macro HF would hire for example a FNYS prop trader as a junior trader ?

3) If I was top 5% of the traders at a prop firm, how much capital will a prop firm sponsor you with the first year, second year, third year etc. I want to get a ball park figure for how much I can make if I have 20-30% stable return over a year.

Thanks !!

Comments

globalmacrotape's picture

Hey there, No I dont think

Hey there,

No I dont think you are delusional. But I guess the hard part is trying to get capital from the firms without going through their training program or being the firm's "assistant trader" for a year or two (it's huge time suck). The thing is there arent that many prop firms that focus on keep discretionary traders that let them do whatever the heck they want with capital. I think Schonfeld securities (they own trillium too) is one of the pure discretionary firms out there that gives traders capital. Try applying there :)

globalmacrotape's picture

Hey there, No I dont think

Hey there,

No I dont think you are delusional. But I guess the hard part is trying to get capital from the firms without going through their training program or being the firm's "assistant trader" for a year or two (it's huge time suck). The thing is there arent that many prop firms that focus on keep discretionary traders that let them do whatever the heck they want with capital. I think Schonfeld securities (they own trillium too) is one of the pure discretionary firms out there that gives traders capital. Try applying there :)

HezBalla's picture

Try Merus Capital, Chimera

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