Negotiation your trainee prop contract

[sstockdale]

Hi all,

It looks like I might be about to get offered a place as a trainee trader with a prop firm (fingers crossed). I was just wondering what people think good terms of a first contract are. For example, % cut, retainer (if any), level of access to funds, length of training period/amount of tutoring provided, degree of freedom etc etc.

As it's my first position I'm not expecting to negotiate amazing terms, I just want to get a better idea of what reasonable terms are that give me a good chance of being succesful.

Thanks.

 

[sstockdale]

I've just spotted the appalling English in the title of this thread. Apologies!

*Negotiating*

 

[SuperScalper]

anything below 50% split would be a no no unless you will be getting a salary as well

 

[jtc172]

take what you can get in these current times is my advice

 

[sstockdale]

take what you can get in these current times is my advice

I agree. I have no intention of negotiating myself out of a position. I just wanted to get a better idea of what people think acceptable starting terms are. It's good to have some point of reference to negotiate towards and to help ensure there is nothing too unreasonable in the contract.

 

[jtc172]

i get a minimum of 65% of my profits at my current position