Does anyone have any experience with submitting a business proposal for an experienced trader position. I've been a prop trader with a small group for the past 5 years and wanted to branch out solo, but still need a backer. I'm not really sure how much detail to include in an email as far as past performance and capital needs. Also, do you know of any companies in Chicago that provide backing to traders of US Treasury options?
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I know Belvedere does. Look at their career opportunities, one is "financial backing". Gelber does as well (I think).
Thanks! I submitted one to Belvedere, but I think I was too vague. Didn't include specifics in the email, just more of a general intro with my resume. In hindsight that was a mistake. I thought there would be a follow-up where I could go over my past performance in more detail, but I received a generic rejection letter instead.
I'll look into Gelber, thanks again for the info!
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what is your PnL history?
500k net/yr between me and 1 pit trader for 2013, 2014. 2015 I left to lead a small desk at a prop firm. Mixed results there, so we parted ways and now looking to go solo.
1) how much risk were you taking to make that 500k ?
2) assuming conservative margin requirements, how much capital would you require to make the same PnL assuming similar market vol?
3) what was your avg daily PnL volatility 4) what were your top 5 largest gains and losses ($$ and % AUM) 5) largest drawdown streak (trades / timeframe / $$ / %)
Essentially...imagine you were considering hiring you...what questions would you ask to understand all the possible downsides and risks.
i'm asking because i am friends / former colleagues with a bunch of the US interest rates traders at Citadel and a few other firms, and they are always hiring. Present as much detail as you can, and i'll forward on your info.
Thanks for the info. I did send a resume to Citadel and received a rejection letter. Which other firms? I'll reach out with a more detailed introduction.
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