Looking For Profitable Traders

[lcornwisky]

I can go to vertex

Sent from Casino de Monte-Carlo using GAGT

 

[CookieMonsta88]

Thank you for those who came to our interview today. I will update you again once I received further instructions.

Hi, I tried to pm u, ur inbox is full, i am interested in this, hope to send u my pm.

 

[lolita_5]

Updated first post with more info!

Is the trading assistant job still available? I contacted Mr Chang but no response

Sent from Samsung SM-A500G using GAGT

 

[felixleong]

do u need a value investor/analyst?

 

[wahkao3]

do u need a value investor/analyst?

u can JOIN!!!!!!!!!!!

 

[Shiny Things]

Dear fellow traders

Like to ask for comments on the following fee structures among the 4 business plans we have received so far.

Cheers to all!

Are these contracts for prop-trading groups or hedge funds? If they're for hedge funds, then this is very high - the going rate these days is 1.6-and-16-ish; if they're for prop-trading groups then they're in the ballpark.

The second one seems to have a two-layered fee - 50% of the profits to the traders and 20% to the portfolio managers? I'd get them to explain that, because unless those are being applied on different accounts that's going to add up fast.

Your fourth guy can't even be bothered to run spellcheck across their business plan, so I'd give that one the flick instantly.

With the other two, the thing to keep in mind would be the difference between paying "per trader" and paying "per fund manager". You want them to agree to take payment at the fund manager (or portfolio) level if you can, because the payoff function is the difference between a basket of options and options on a basket: if you pay them at the fund level, then the losers will reduce the total amount you have to pay.

I like the +35/-25 structure, but I'm a little worried it might encourage overtrading to get out of a hole.

For the first one, that seems relatively normal but I feel like you'd want a higher high-water mark - if they're talking about +/-100% swings in any given year, then your high-water mark should be higher than six percent. (And besides, I could hit that high-water mark in pretty much any given year with a boring 60-40 portfolio - I feel like the right high-water for an aggressive trading strategy should be more like 12-15%.

And there's always room to negotiate the fees lower.

 

[lcornwisky]

Is it like a trading rep kind of role?

 

[outlook88]

In evaluating the 4 proposal we also need to know the amount of risk each proposal will be taking on.

Typically equity asset managers will cut loss at 10% when a particular stock trade paper loss is at 10%. Do the proposals have these triggers ?

 

[seowgao]

Good to see everyone come together in the Feb 20 thread.

I have met probably 100+ people from this forum over the years, mainly from both this particular thread and its earlier but now removed "Hiring Night Traders" thread. It has been an educating period for me (not to mention exciting) and I have been humbled on numerous occasions by the breadth of talents and amount of HNWs found in this forum.

Hope to meet up with mates again and perhaps, know more "crouching tiger hidden dragon" traders, investors, even young students and together, we can discuss ideas and get ready for the new trading year!

Here are the details so far:

When: 31 December 2015, Thursday
Time: 7.00 pm
Where: Orchard
Cost: Dutch aka AA, will ensure not more than $50/pax

Please post here if you are interested to come for dinner. Will commence to make a reservation once list hits 10.

Closing date for registration is 30 Dec 2015, (SGT) 2359.

Hope to see you guys there!

 

[Perisher]

Technically, this thread is an advertising thread. You might wanna start a new thread with no agenda(Unsolicited Content (Commercial solicitation / Ads / Referrals / Spam)).

I will remove this thread tomorrow.

 

[Perisher]

Good to see everyone come together in the Feb 20 thread.

I have met probably 100+ people from this forum over the years, mainly from both this particular thread and its earlier but now removed "Hiring Night Traders" thread. It has been an educating period for me (not to mention exciting) and I have been humbled on numerous occasions by the breadth of talents and amount of HNWs found in this forum.

Hope to meet up with mates again and perhaps, know more "crouching tiger hidden dragon" traders, investors, even young students and together, we can discuss ideas and get ready for the new trading year!

Here are the details so far:

When: 31 December 2015, Thursday
Time: 7.00 pm
Where: Orchard
Cost: Dutch aka AA, will ensure not more than $50/pax

Please post here if you are interested to come for dinner. Will commence to make a reservation once list hits 10.

Closing date for registration is 30 Dec 2015, (SGT) 2359.

Hope to see you guys there!

Will be closing this thread tonight.

 

[Perisher]

Thread closed. Under review.