new_throwaway comments on New Monthly Thread: Bragging - Less Wrong

30 Post author: Joshua_Blaine 11 August 2013 05:50PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (145)

You are viewing a single comment's thread.

Comment author: new_throwaway 12 August 2013 02:58:33PM 9 points [-]

I'm a futures trader. The week before last was my best week at my current company. $150K baby!

Comment author: shminux 12 August 2013 08:16:36PM *  8 points [-]

Grats! You know, the MIRI's 2013 Summer Matching Challenge is still on, if you need tax deductions :)

Comment author: Transfuturist 13 August 2013 03:54:03PM 2 points [-]

Please elaborate. Algorithmic trading?

Comment author: new_throwaway 13 August 2013 04:59:19PM 1 point [-]

Yeah. I would call it automated futures market making.

Comment author: gjm 13 August 2013 06:43:02PM 2 points [-]

I guess the $150k is what you gained for the company. What is the relationship (if any) between this figure (once aggregated over a year, or whatever) and how much they pay you?

Comment author: new_throwaway 14 August 2013 12:18:55PM 2 points [-]

I get a percentage. I don't want to disclose specific details of my compensation, even anonymously, but in my industry I have seen anywhere between 25% and 65%. Higher than 65% usually requires putting in your own capital and less than 25% is usually a different situation. There are also a lot of places that do discretionary bonuses rather than fixed percentages, and that can work great, but for me personally it creates a lot of anxiety to not be able to calculate exactly what I'm making.