Frequently Asked Questions
- Is Maverick Trading a brokerage firm?
- Is Maverick Trading hiring me?
- What will my responsibilities be as a trader for Maverick Trading?
- Do I need to deposit risk capital?
- Do I receive a salary if Maverick Trading hires me as a trader?
- I like everything I have read, but don't live near any of your offices. Is trading remotely for Maverick Trading possible?
- How do I get started as an Independent Trader?
- When can I withdraw a part or all of my profits?
- Can I request additional buying power as a Maverick Trader?
- I love the program being offered at Maverick Trading, but I can't trade full-time at the moment. Can I become a part-time Trader?
- Is training required to be able to trade with Maverick Trading's capital?
- I would like to receive some more personalized training to speed up my learning curve. Do you have personal training services available?
1. Is Maverick Trading a brokerage firm?
No. Maverick Trading is a private equity trading firm which trains and employs a team of professional traders to manage and trade its own brokerage account. Maverick Trading's traders are brought in and given trading authority to trade the firm's account. We are partnered with some of the biggest firms in the business to provide our traders the absolute best in software, execution and superior pricing (commissions). Unlike most proprietary trading companies, we do not add a "mark-up" to your trading commissions and we strictly profit from the profits our traders generate. Because of this, we do not have volume requirements and actively discourage high frequency trading. This makes our objectives and motivations the same as our traders...generating profits in the market.
2. Is Maverick Trading hiring me?
You are not being hired in the traditional sense with benefits and a salary. Like all trading professionals, you will be provided with trading capital and your income will directly tied to your performance. When you complete the membership requirements required by Maverick Trading, you will be able to "buy into" our trading LLC as a member. Once you are a member with ownership in the LLC, you will be permissioned to trade on behalf of the LLC in your sub-account. Each trader is trading the firm's capital as a fully invested partner. You will be compensated based on your individual performance as a member of the LLC and you will receive a 1099 at the end of each year with your earnings from your trading activities. Taxes on these payouts will be the individual resposibility of each member. Refer to our Trader Advancement Tables for for the payout rates.
3. What will my responsibilities be as a trader for Maverick Trading?
Your only duty will be to trade. Maverick Traders will be taught several proven methods that have produced consistent gains for our existing traders. Over the course of the next few months, your responsibility will be to learn how to control and manage risk in the stock and option markets. Since you will be trading with our money, we want to make sure you have a firm understanding of risk management and position sizing principles. Other than that, you responsibility will be to make as much profit as possible. Remember, with the payout splits, the more money you make, the more money we make.
4. Do I need to deposit risk capital?
Since this is a partnership, we will require a deposit of risk capital. After each new trader fulfills the education and testing requirement, they will be allowed to "buy in" as a member of the LLC. Each trader is allowed to deposit any amount greater than $5,000 into the LLC. This risk deposit helps us protect our firm's account from traders who do not have a proven track record with us and therefore have limited control over. As you progress through our system and achieve higher trading levels, the need for risk capital may be waived by the discretion of the managment.
5. Do I receive a salary if Maverick Trading hires me as a trader?
Maverick Traders are paid on performance only. Compensation is based on each individual trader's net profit and loss. We provide a carefully structured Trader Advancement Program that will increase the capital that you can trade as you demonstrate consistent profitability. There is no cap on the levels that can be achieved, so your potential revenue is virtually unlimited.
6. I like everything I have read, but don't live near any of your offices. Is trading remotely for Maverick Trading possible?
Yes! Years ago, the answer to this question would have been a definite "no." Today, due to incredible technological advancements in the professional trading field, we can monitor, assist, and teach a trader remotely, just as effectively as one on-site. While some traders do thrive in the energetic environment of a trading room, many do better from the comfort and solitude of their own homes. What's more, our remote traders experience all that happens on our main trading floor through our trade setups in the weekly Trading Room and our real-time trade updates on our members area Trading blog.
7. How do I get started as an Independent Trader?
To become a Maverick Trader, you must satisfactorily complete the following requirements:
- The Maverick Training Program: Our training program offers up to 5 live classes every week from the beginning Market Foundations class to the high-powered Advanced Options class. All of our instructors are seasoned traders and teach the Maverick Trading methodology. Since we understand everyone has other committments, we record all classes and offer them for view on our website for viewing. We have over 300 videos of pre-recorded content for "on demand" viewing.
- Pass the Maverick verification program: Since you will be trading with our capital, we have a program to assure us of each trader's understanding of the stock and options market in general. Each trader will need to pass a series of tests demonstrating understanding of position sizing, risk managmenet techniques, order entry, and profit targets. Prospective Traders in our system will have unlimited access to the tests and unlimited attempts to pass the tests.
- Proven Track Record: Each trader must demonstrate that he/she can implement the strategies learned in the Maverick Trading training program. Prospective traders will spend time on a demo trading platform that will be analyzed and monitored by the trader/coach assigned to them. Management will look for a minimum number of profitable trades, risk vs. reward ratios, capital allocation, minimal drawdowns, etc. Traders can be authorized to submit trades on other platforms/brokerages they are currently working on.
8. When can I withdraw a part or all of my profits?
Monthly trading profits are calculated from each option period and a trader's profits will be credited on the Saturday after options expiration. This date is between the 15th and 22nd of each month. Profit dispersements will be made on the 1st of the month following the prior trading period.. As an example, if a trader earned $10,000 in profits in the March options period and was on a 75% profit split, they would receive a disbursement of $7.500 on April 1st. A trader can retain any earnings within their trading account and apply for higher capital amounts.
9. Can I request additional buying power as a Maverick Trader?
Yes. This increase will be granted based on your trading performance, profits retained in their account and size of risk deposit. In our program, the trader, through performance, earns greater and greater exposure. As most traders know, the bigger the buying power, the bigger the potential profits. This extra potential is earned via "consistency" more than anything else. In the professional trading world, consistency is king. We are looking for consistency married with low draw-downs and/or small account swings. Some of our traders don't experience a losing month in an entire year, with account swings that are nearly nonexistent. Level advancement will be made by additional education requirements and management approval.
10. I love the program being offered at Maverick Trading, but I can't trade full-time at the moment. Can I become a part-time Trader?
Yes. Part-time traders often grow into some of our best traders. First of all, their growth and development as professional traders happen in smaller, more digestible periods. Secondly, the lessons learned are steady and the part-time nature of their trading reduces the risk of being overloaded and overwhelmed with too much at one time. Some of our best full-time traders today began as part-timer traders first.
11. Is training required to be able to trade with Maverick Trading's capital?
Since it is our money, we want to make sure we have traders who know what they are doing to minimize our risk. All Maverick Traders are required to fulfill the education and testing requirements at the trader's expense or obtain a waiver from management. Experienced traders with years of experience and proven track records can contact managmenet directly and apply to have access to trade the firm's capital. These decisions are the made by the sole authority of management.
12. I would like to receive more personalized training to speed up my learning process. Do you have personal training services available?
Yes. In fact, it is what we are the most proud about. Our coaching and mentoring programs offer personalized, one on one interaction between student and seasoned trader. Most sessions are done online during market hours where the student can see live market action when it happens. This way, you will have a trading partner with you during some of your first trades. We also have a mentorship program where you will actually sit side by side with seasoned traders in their trading office. Contact your instructors if you are interested.