Maverick Trading Summit Sets Traders for Success at Trump International Hotel in Las Vegas

LAS VEGAS, April 5, 2012 /PRNewswire/ -- Maverick Trading, the premier proprietary trading firm, hosted its Spring 2012 Traders Summit at the Trump International Hotel in Las Vegas from March 30 to April 1. Maverick Trading uses its biannual Traders Summits to provide ongoing support to its new and experienced traders. In addition to firm-hosted social activities throughout the weekend, Maverick's management conducted in-depth seminars on the outstanding status and continued direction of the firm, psychology considerations in trading, market analysis, and charting and strategy workshops.

Maverick's Chief Operating Officer, Jon Frohlich, commented on the benefits of the firm's Summits. "One of the major obstacles that retail traders suffer from is the isolated nature of their trading environments. These traders have no circle of institutional experience. At Maverick, we're able to re-create the institutional experience found in large Wall Street firms and allow our traders to benefit from it. The Traders Summits that Maverick sponsors are an ideal opportunity for our traders to not only interface with management, but to build circles of like-minded and successful traders that they can use as a resource on a daily basis."

Robb Reinhold, Founder and CEO of Maverick Trading, commented on the make-up of the Summit. "This year, attendance at Maverick's Spring Summit consisted largely of the firm's newer traders. The first part of anyone's trading career is crucial: success in this period lays the groundwork for success in later years. Likewise, struggle or failure in the first stage can often lead to an early termination in a trader's career. We were extremely pleased that our traders took advantage of the opportunity the Summit provided. This commitment to succeed on the part of our traders just reinforces the firm's commitment to helping our traders succeed. I'm convinced that the firm has enjoyed the long-term success that it has because we view the trader-firm relationship as a true partnership."

Attendants to the Summit received exclusive previews to new techniques within the firm. Traders learned an advanced, simplified, and more accurate method for identifying trades and conducting the firm's Top-Down Approach in analysis. Additionally, the firm introduced new techniques for traders to profit from catalytic set-ups and the volatility crush after the catalyst, while minimizing risk.

During a discussion of the new techniques presented to the firm's traders, Darren Fischer, Head of West Coast Operations, said, "One of the things I truly appreciate about the firm as a whole is that none of us is content to rest on our laurels, both as individual traders and as a firm. We are constantly seeking new methods and techniques for increased profitability, decreased risk, and efficiency in technique. We test these advances with real capital, proving their effectiveness in the marketplace, and then share them with the firm as a whole. It really is a community atmosphere where everyone's contribution is valued and shared, building on the long-term success of the firm."

Maverick's Summit also celebrated a long-term partnership with Trump International Hotel. Maverick has held five Traders Summits at the Trump. To commemorate the relationship, Maverick Trading presented the management of the Trump International with an inscribed copy of their flagship book, Maverick Trading: Professional Techniques to Create Generational Wealth, for display in the library of Trump International's exclusive Empire Suite.

Based on the success, reviews, and sales of the firm's flagship book, the Maverick team is in early discussions regarding follow-on projects to Maverick Trading.

When asked about near-term growth prospects for the firm, Frohlich replied, "Maverick Trading continues to grow and we're happy with our current growth rate. Internally, we have the capital to double the size of the firm in a month, but we're not going to do that. Our selection rate among candidates wishing to join the firm is between 4 and 5 percent. We want traders who are committed to becoming the best they can and willing to devote the time and energy necessary to be long-term partners in the firm. Consequently, our retention rate is well over 90 percent. We're in this for the long term, and the best way to accomplish this is to concentrate on developing traders who will benefit the firm and will also benefit from the practices the firm has to offer."

Maverick Trading is one of very few proprietary trading firms that eschews high-frequency trading and concentrates on position and swing trading. Additionally, the firm is further distinguished by its near-total reliance on options positions for both gains and risk management.

Traders interested in joining the firm should visit http://www.mavericktrading.com/apply.php.

For general information, please go to http://www.mavericktrading.com.

Information on Maverick Trading's foreign currency division can be found at http://www.maverickfx.com.

SOURCE Maverick Trading