Hello, had 2 questions around Trading compensation.
I'm an energy derivatives trader at a physical shop. We kinda operate like an internal prop shop. We have targets set and we need to hit them each year. I have 5-10 years of overall experience in the industry but just got my trading seat beginning of 2019. My boss didn't set a PnL target for me but I'm on pace to hit $2M this year. I'm not taking too much risk and have made the PnL on small clips here and there .. didn't have any major drawdowns all year.
Compensation is a voodoo topic (no trader at work feels comfortable talking about it) but I need some info from more experienced guys/gals. Should I expect 5% of book?
Also, what kind of yearly PnL numbers get the attention of outside firms? I'm pretty sure making $2M is not a major deal, so just trying to figure out what kind of PnL goal I should have in 2020.
Hard to diversify trading strats when I have to play within the energy sandbox, can only do cracks/cal spreads/arbs ... hoping someone here has some good info, really would appreciate some solid feedback. TIA.