SALT LAKE CITY, Jan. 22, 2015 /PRNewswire/ -- The premier proprietary trading firm, Maverick Trading, announced today that the firm's performance in 2014 marked its best returns since 2008. The firm's returns for 2014 were just shy of +100%, compared with 2008 returns of 108%. The results for 2014 continue Maverick Trading's incredible winning streak of positive annual returns every year since inception.
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Jon Frohlich, COO of Maverick Trading, said, "The word 'pleased' doesn't even begin to describe how we feel about the firm's returns in 2014. We'll be hosting a Year in Review on January 29th for our member traders and select invitees where we'll go over the firm's returns in detail, but I can say publicly that we greatly exceeded our expectations. Back in 2008, we were obviously net short for the entire year. Trading in 2014 required us to be much more nimble."
Robb Reinhold, CEO of Maverick Trading, commented, "2014 was really a testament to Maverick's traders. We were firing on all cylinders: adjusting the portfolio balance based on market direction and strength, going long relative strength, shorting relative weakness, and consistently applying risk management and proper position sizing. I couldn't be happier with our traders' performance."
During in-depth discussions with Maverick's management and coaching staff, the consensus at the beginning of 2014 was that the trading environment would be similarly disjointed as in 2013. To combat this, the firm shortened its trading horizon, refocused on sector strength and weakness, and further drilled down to only the best performing stocks in the strongest sectors as well as the most underperforming stocks in the weakest sectors.
Reinhold continued, "We were fortunate that both management and our traders identified the weakness in Energy and Materials early on. In our weekly polls among our traders, we consistently saw that institutional money was moving out of these names, even before the drop in oil started hitting headlines. As a firm, we were net short Energy and Materials for at least the last five months of 2014."
An unanticipated result of the firm's shift in trading style is that Maverick Trading actually made more trades in the firm's portfolio than usual. From the firm's records, a typical year at Maverick usually generates between 150 and 200 trades; 2014 generated 312 trades, with approximately 15 of those trades held over to January 2014 options expiration.
The firm had a win/loss ratio of 60/40 (at the lower end of the firm's normal ratio), but had a reward/risk ratio of 1.35 to 1. Further discussions indicated that Maverick would take a closer look at increasing the average number of trades the firm makes in a given year.
Since January 2008, Maverick Trading has generated over 500 points of alpha.
When asked about further plans for expansion, Frohlich replied, "The firm has more capital than ever to give to our traders. We will continue to seek out traders who have the drive, ambition, and motivation to learn Maverick's methodology and adopt our risk management guidelines. We've also prepared our coaching staff to handle additional traders so that our traders can get the support that they need to be successful. Let's be blunt here: when our traders make money, the firm makes money."
To register for an invitation to attend Maverick Trading's 2014 Year in Review, go to:
https://attendee.gotowebinar.com/register/6305114608381041410
Traders interested in becoming part of Maverick Trading should apply to the firm at:
www.mavericktrading.com/apply.php
For media inquiries, please Email Jon Frohlich.
About the firm: Maverick Trading is a proprietary trading firm headquartered in Salt Lake City, Utah. Operational since 1997, Maverick Trading has hundreds of active traders at the firm, all of whom trade remotely from all corners of the world.
Contact
Jon Frohlich
Email
+1-801-652-7180
SOURCE Maverick Trading
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