Job Responsibilities
Make Trade Execution decisions to increase profit. Build and
execute models to enhance trade support deceisions. I tare
roughly 5 hours per day, 25 hours a week. Other responsiblilties
include analyzing overnight activity for dollar, gold, copper,
oil and interst rate activity.
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Job Requirements
Degree in Finance from Boston University, all classes in my
concenatrtion were high quality with curved grading structure.
Need Series 7 and 63 but most firm will sponser a qualified
candidate for the exams
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Uppers
Flexibility of setting hours and taking time when needed. High degree of self
dicipline needed. When the market closes, work is over. No follow-up no work to
bring home.
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Downers
Eat what you kill mantaility, no set salary, Need to be
consistent in being profitable.
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Lifestyle
Fairy laid back working enviornment, dress is as formal as you want to make it.
but mostly casual attire. Hours are usually from 8:30 to 4:00 makert opens at
9:30 and closes at 4:00. Offices tend to be fairly diverse. People from all walks
of life and all ethnic backgrounds.
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Compensation
No base, no salary, no bomus, just staright commission. A good
firm should offer you more than 90% of your monthly profit to as
your compensation. I only pay 1% to my form and still get good
rates.
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Advice to Jobseekers
If you are interested in Prop tarding realize that it takes time
to make money. You should be able to work for 1 to 2 years
without getting a consitant check. Be prepared for that. Trading
is not for e4veryone on butif you have a pasison for markets and
can really be disciplied and focused. There are few jobs that
will ever give the same opportunity for prosperity.
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