Real Time Traders, do you keep a personal P&L sheet?
I got an offer for a real time trading position in the PNW, I was wondering if I should record my own P&L.
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either your trading software should do this for you...or use something like tradervue
Our software tracks it for us but I like to keep an Excel sheet of mine. All the others traders on my desk do this as well
Did you end up taking the position?
I did take the position. I'm currently interning at the firm and they gave me an offer for full time. It was definitely too good to pass up with the salary+raise structure+bonus rate offered.
Also, every legit trader I have worked with actively maintain some form of their own PnL record.
The thought being that you can't put full faith into the trading systems when it comes to your pnl come bonus time. / a healthy skeptecism towards management
That makes sense. Thanks.
I record all position management trades (along with cashout price) and prop trades in a spreadsheet. I don't track any asset backed trades (obviously that's just simple execution). Not sure how relevant this is for you - real time has a different scope in different places.
Real Time traders usually share the same book (at least in Europe), so during bonus season it's good to have a solid view on your contribution to the P&L
As mentioned - the company's software should do this - but you can never be too careful or too well prepared
WTF is a "realtime trader" ??
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