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 Proprietary Day Trader

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TSTrueBro
post Jan 9 2018, 10:03 PM, updated 8y ago

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Hi all,

I recently got an offer for the role of proprietary day trader (PDT) trading Bursa listed equities. However, I'm having second thoughts about accepting it.
I was hoping if anyone has some knowledge about this role and would be willing to share as I have no prior experience with trading.

Some info about the role I was offered:

2.5k basic + commission (about 10-30% at the beginning), commission and capital allocated for trading will be adjusted based on performance.
Contract based for the first 2 years, performance review every 6 months (will be let go if performance is bad, however if bad performance but boss thinks there's potential, extended for another 6 months).

From what I've gathered so far, there will be minimal chance for career progression. Just increase in capital and commission.

What do you guys think?
TSTrueBro
post Jan 11 2018, 05:38 PM

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QUOTE(lihongmint @ Jan 10 2018, 09:06 PM)
as long as it is a legal brokerage house.

There are many PDT in this countries operate in grey areas
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The role is in a top 5 IB in Malaysia.
TSTrueBro
post Jan 11 2018, 05:40 PM

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QUOTE(Harfan @ Jan 10 2018, 11:44 PM)
Bro, can I know what course did you study in order to get a job in PDT? Sounds interesting.
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I have a degree in Finance and I have passed some SC modules that are required for this role.
TSTrueBro
post Jan 11 2018, 05:42 PM

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QUOTE(tehoice @ Jan 10 2018, 12:29 PM)
minimal career progression if you just stayed as PDT all your life.

but you can make super huge money if you are really good.

if you like it you can go ahead and try?

I'm sure you will have a target to hit.
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As far as I know, it is extremely difficult to become a good trader. By any chance, do you know how much an average prop trader makes a month?
TSTrueBro
post Jan 22 2018, 11:48 AM

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QUOTE(aspartame @ Jan 18 2018, 09:59 PM)
With your finance degree, get a proper job with steady career progression. Never never never go into such jobs where you will be shown exit door if u perform poorly. U just started your career and early termination will look very bad on your resume.
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I've already been working for 1 year+, but looking to change department smile.gif

Thanks for the advice~

 

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