SALT LAKE CITY, April 5, 2011 /PRNewswire/ -- Maverick Trading held its Q1 Traders' Summit March 25th through 28th in Las Vegas, Nevada. As a culmination of this event, Maverick Trading management was proud to announce that March 2011 ranked as one of the firm's top five months in terms of trading results.
"March was a truly outstanding month," said Robb Reinhold, Founder and Head Trader of Maverick Trading. "Not only were we able to host a memorable and productive summit with our member traders, but we were able to announce that the returns for March alone equaled 15.5% for the firm's Stock/Options division and 36% for the firm's ForEx division."
As Head of Coaching, Jon Frohlich was quoted: "It's not often that you have a perfect storm like we had in March. The firm's analysis of market conditions resulted in our traders being largely in cash throughout February and positioned to take advantage of an expected spike in volatility. Since profiting from our March positions, we are taking minor positions based on relative strength and weakness and waiting to see which way the market breaks or if a sideways trend emerges."
In continuing Maverick's strategic expansion plan, Maverick Trading further announced the creation of a West Coast Operations subsidiary, scheduled to begin operation in April 2011. Director of Marketing for Maverick Trading and newly named Head of West Coast Operations Darren Fischer said, "The Maverick story and system is one that needs to be told to traders, no matter the market they trade. To help with this, the firm is in final negotiations with a top-tier publishing firm regarding publication of Maverick's investment system for use by retail traders."
Robb Reinhold continued the sentiment, "Our strategic plans for the remainder of 2011 include expanding the firm's base of member traders so that more people can take advantage of the firm's ForEx, Equities/Options strategies and risk management techniques to fully realize the portfolio returns they deserve."
Maverick Trading will be attending the Dallas Traders Expo in June with the intent of recruiting additional traders to the firm.
About Maverick Trading
Maverick Trading is a premier proprietary trading firm based in Salt Lake City, Utah, with divisions in Equities/Options and ForEx. For more information, please visit Maverick Trading's website, http://www.mavericktrading.com.
SOURCE Maverick Trading