Maverick Trading Announces Combined Returns and 2016 Spring Traders Summit
SALT LAKE CITY, Feb. 29, 2016 /PRNewswire/ -- Premier proprietary trading firm, Maverick Trading, today announced combined returns for both its Options/Equities Division as well as its Foreign Exchange (FX) Division. With broad markets flat for 2015, Maverick reiterated the 2015 alpha generation of its Options Division as 25 to 30 points and that its FX Division generated between 2,400 and 2,500 pips in returns. Maverick's FX Division typically seeks to generate 200 pips on a monthly basis.
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In speaking of the importance Maverick Trading places on risk management, COO Jon Frohlich commented, "One of the largest responsibilities we have at Maverick is to teach our traders to manage risk on a consistent basis. Especially with our FX traders, we have to reinforce early on in training that they need to deal in percentages, not dollar amounts. The dollar amounts a trader risks will increase as his account grows but the percentage risk taken on each trade should remain consistent with each trader's written trading plan. We sum it up best by telling our traders to size their positions for max risk and trade for pips."
Maverick Trading's CEO, Robb Reinhold commented on the firm's ongoing performance: "Within our Options Division, our traders have weathered and even profited from the volatility in the equities markets. Our FX Division enjoyed an absolutely monster month in January and continued the momentum in February as well."
When asked how the firm's performance was impacting recruiting, Frohlich answered, "We've had two major impacts in the first two months of 2016. First, the firm's performance itself has generated more interest than usual in traders coming to Maverick. Second, as a result of our traders' performance, the firm is in a position to have even more capital for existing and new traders to trade. We've been granting account increases to our traders in both divisions at an increased rate and our traders continue to manage their risk and post excellent returns."
As a result of the firm's performance, Maverick Trading has increased the number of open trading positions at the firm for 2016.
In the near term, Maverick Trading will be conducting its Spring Traders Summit from April 30 to May 1 at the Trump International Hotel in Las Vegas, Nevada. Attendance is restricted to Maverick's member-traders. Traders attending this event will participate in advanced trading seminars, small-group discussions, and firm-sponsored social events. Frohlich, who is coordinating the event, said, "In addition to having an excellent time, our traders who have attended our Traders Summits have reported an immediate and noticeable increase in both their consistency and returns."
Maverick Trading has developed a reputation for providing top-tier support to its traders. Maverick's Head of Coaching, Joe Jensen, explained, "At Maverick, in both divisions, we look at trading as a team event. Some of the most common feedback we get from our traders is the relief that they don't have to go out against the market alone, that they have the backing of not only management, but the rest of the traders at the firm as well. That drives both profitability and retention, which benefits everyone."
Interested traders who wish to be considered for a position in Maverick's Options Division should apply online at:
http://www.mavericktrading.com/apply
Interested traders who wish to be considered for a position in Maverick's FX Division should apply online at:
About Maverick Trading:
Operational since 1997, Maverick Trading is a premier proprietary trading firm based in Salt Lake City, Utah. It has trading divisions in Options/Equities as well as Foreign Exchange (FX).
Media Contact:
Jon Frohlich
801-652-7180
Email
SOURCE Maverick Trading
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