We work with all our Live Desk Traders to help them be their best and build a career. Scaling up size and taking more risk is part of that career path. Daily loss limits and max allowable size traded are pieces of this that we help the trader get right.
That means working with them when it's time to scale up and being in their corner when it's time to take the foot off the gas and scale down.
Scaling Up
In general your DLL scales automatically with your performance, since it's 5% of your account balance. Additionally, the firm will look at metrics like ROMAD (your P&L divided by your max drawdown during a period) when assessing good risk-adjusted performance for a trader looking to scale up and increase their risk taking ability.
Criteria
- •Strong ROMAD (Risk-Adjusted Returns)
- •Consistent profitability
- •Excellent risk management
- •Professional trading behavior
- •Adherence to all firm guidelines
Scaling Down
If you're in drawdown, depending on your trading behavior, work ethic, communication, and recent performance, Desk Management and Risk Management may reach out to you to talk through what's going on and, if needed, adjust your sizing and risk limits.
Support: This isn't the fun/sexy stuff- BUT it's one of the most value-added benefits of being on a Proprietary Trading Desk — allowing for more sustainable trading careers through proper risk management and support- when the going gets tough.
Career Development
Our scaling process is designed to help you build a long-term, sustainable trading career with proper risk management, ongoing support, and opportunities for growth.