CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
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CanOz's Capital-a virtual prop shop
Concept: recruit 3-5 keen, wanna be traders. Train them over a 3-6 month period. Give them access to my capital with tight risk controls, monitor progress, reward good performance and cull non-performers.
Advantages: compared to a physical firm, no overheads or very low.
Disadvantages: remoteness, inability to act swiftly to kill dangerous positions
The trainees would be responsible for their own data feeds and infrastructure costs. They would be required to have software that would have a minimum of functions.
The training would be one on one and group settings using virtual meetings.
Trade reviews on sim accounts would be used to track progress grasping basic concepts.
Responsibility for the daily setup and context, trade ideas etc., would be shared and rotated amongst the trainees to encourage a team approach.
All the elements of a prop shop, but virtual.
The trainees would need to pass a rigorous selection process that would include a review of their history and back story with an emphasis on athletic achievements, risk management in games of chance, achievement in game theory practice, disciplined behaviour or training, honestly and integrity. Successful candidates would sign a confidentiality agreement.
Successful trainees would sign a binding contract to trade my accounts for a specific period of time with escalating profit share arrangements.
If the model is successful we could then attract more capital and expand the recruiting and training.
This is really just a numbers game. Manage the risk, recruit, train, trade, reward, cull, rinse and repeat.
Now recruiting.
Concept: recruit 3-5 keen, wanna be traders. Train them over a 3-6 month period. Give them access to my capital with tight risk controls, monitor progress, reward good performance and cull non-performers.
Advantages: compared to a physical firm, no overheads or very low.
Disadvantages: remoteness, inability to act swiftly to kill dangerous positions
The trainees would be responsible for their own data feeds and infrastructure costs. They would be required to have software that would have a minimum of functions.
The training would be one on one and group settings using virtual meetings.
Trade reviews on sim accounts would be used to track progress grasping basic concepts.
Responsibility for the daily setup and context, trade ideas etc., would be shared and rotated amongst the trainees to encourage a team approach.
All the elements of a prop shop, but virtual.
The trainees would need to pass a rigorous selection process that would include a review of their history and back story with an emphasis on athletic achievements, risk management in games of chance, achievement in game theory practice, disciplined behaviour or training, honestly and integrity. Successful candidates would sign a confidentiality agreement.
Successful trainees would sign a binding contract to trade my accounts for a specific period of time with escalating profit share arrangements.
If the model is successful we could then attract more capital and expand the recruiting and training.
This is really just a numbers game. Manage the risk, recruit, train, trade, reward, cull, rinse and repeat.
Now recruiting.