My Trading Journal @ Capstone Securities Analysis Pvt. Ltd.

#22
Dear sir,
My relative is in capstone securities pvt. ltd. and he is saying his salary more than 50k.(since last 1 year)
I also want to join this company but after reading all this reply form other members capstone is not reliable for huge salary growth.
is it correct to having 50k salary within year? and
how much i can gain salary package after two years?
i think there is something wrong.:)
pl. must reply.
 
#23
Dear sir,
My relative is in capstone securities pvt. ltd. and he is saying his salary more than 50k.(since last 1 year)
I also want to join this company but after reading all this reply form other members capstone is not reliable for huge salary growth.
is it correct to having 50k salary within year? and
how much i can gain salary package after two years?
i think there is something wrong.:)
pl. must reply.
Well I read all the posts saying all negative things about Capstone long time back. But I never wanted to enter into an argument defending Capstone. The reason being that none of the points raised by other members of traderji were prudent enough to be given an answer. But now, I think I should reply to those comments.

First of all the salary is in two parts, fixed and variable(payout). The fixed component is 8000 rupees. This does not mean that the salary is Rs. 8000. The variable component varies from few tens of thousands to few lakhs. However, in the first year one should not dream about getting fat paychecks. Based upon the feedback I got from the people currently working there, in the first year on an average performance one should not dream of getting anything more than 3.5-4 lacs. In the second year the renumeration is somewhere between 7-10lacs. The third year has usually been observed as year of exponential growth, where the remuneration has usually been observed to be somewhere between 50-70 lacs. For traders with 5 years experience the remuneration is in multi-crores. But very few are able to survive that long.

But please be cautious, the attrition in the company is very high. We are told that from a batch of 71 not more than 15-20% would survive more than 1 year. Some will runaway, some will resign and some will be fired.

One thing which is observed is that the people who said all the negative thing didnot ask prudent questions before forming an opinion about Capstone.
Except for 1 member no one asked about the amount of capital provided by Capstone to traders. No one asked me what is the average return usually generated by traders on a monthly basis.
Some were so foolish that they thought that the fixed component is the salary. Let me tell you something, no one in Capstone works for the fixed component. Everyone is interested in the payouts.
But as a word of caution in the first year no one should think about making huge money, but should dedicate oneself to learning how to trade.

Some people mentioned about FuturesFirst. In our batch there is one guy who had worked for FuturesFirst for 5 years as a trader. He usually generated a profit of around $20000, but he was paid a meager payout of 45000 rupees and a fixed component of also 45000 rupees. In capstone you get 70% of the the profits, which can be increased upto 90% based upon performance and experience. Capstone rewards performers in a big ways and punishes the non-performers in a big way......


I am open to further question!!!!! Keep firing........
 

TraderRavi

low risk profile
#24
1) Except for 1 member no one asked about the amount of capital provided by Capstone to traders.
2) No one asked me what is the average return usually generated by traders on a monthly basis.
so what are the answers to these 2 questions ?

In our batch there is one guy who had worked for FuturesFirst for 5 years as a trader. He usually generated a profit of around $20000, but he was paid a meager payout of 45000 rupees and a fixed component of also 45000 rupees.

I am open to further question!!!!! Keep firing........
profit of $ 20k generated by him on how much capital ?
 

pasha

Active Member
#25
Some questions......

What monthly %age return does Capstone expect from their traders?
Is positional trading permitted?
Is there any restriction on what trading instruments are used....stocks, futures or options?
Is there any age restriction?
What amount of capital is allotted to new traders?
 
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#26
Do you think It is good to earn for some other & then depend on that person for taking your share of hard earned money. Does it make sense to give someone let say Rs.50,000 then take from him Rs.15000?
 

Raju

Well-Known Member
#27
Request to reply to Ravi's queries ...

1) Except for 1 member no one asked about the amount of capital provided by Capstone to traders.
2) No one asked me what is the average return usually generated by traders on a monthly basis.
3) profit of $ 20k generated by him on how much capital ?
 
#28
so what are the answers to these 2 questions ?



profit of $ 20k generated by him on how much capital ?
Some questions......

What monthly %age return does Capstone expect from their traders?
Is positional trading permitted?
Is there any restriction on what trading instruments are used....stocks, futures or options?
Is there any age restriction?
What amount of capital is allotted to new traders?
Request to reply to Ravi's queries ...

1) Except for 1 member no one asked about the amount of capital provided by Capstone to traders.
2) No one asked me what is the average return usually generated by traders on a monthly basis.
3) profit of $ 20k generated by him on how much capital ?

I do not know how much capital was provided to the person who was working with FuturesFirst, by FuturesFirst.

Capstone dosesn't expect any particular % profit from the traders, i.e. there are no targets. It only wants the traders to be in Green. However, the senior management is co-operative enough to understand that no trader can always be in profit. There are times when even the best traders make losses.
Positional Trading is not permitted in Capstone. It is only involved in intraday trading in US markets.
Traders can only trader in Equities and ETFs.
There is no age restriction.
Well during the training phase the new traders are given a capital of $2000 to invest. The training usually lasts 3-6 months. After that they are taken on payroll and are given a capital of $20000 to trade. Depending upon performance the allocated capital can reach to multi-million dollars in a short span of time.

The returns generated by traders depends from person to person and no figure can serve as a representative of the collective performance of traders at Capstone. However, as far as I have interacted with fellow trader who are on payroll, one can expect to earn 4-5% return on average performance and average market conditions.

I hope I have answered all the questions with the best of my ability.
 
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jagankris

Well-Known Member
#29
Based upon the feedback I got from the people currently working there, in the first year on an average performance one should not dream of getting anything more than 3.5-4 lacs. In the second year the renumeration is somewhere between 7-10lacs. The third year has usually been observed as year of exponential growth, where the remuneration has usually been observed to be somewhere between 50-70 lacs. For traders with 5 years experience the remuneration is in multi-crores. But very few are able to survive that long.

In our batch there is one guy who had worked for FuturesFirst for 5 years as a trader. He usually generated a profit of around $20000, but he was paid a meager payout of 45000 rupees and a fixed component of also 45000 rupees.
I am open to further question!!!!! Keep firing........
Dear Anirudh,

Do you think it is possible to make 70 lakhs/multi crores "day trading" in equities ?

Why Swing trading is not allowed ?

Why your friend didn't quit and started his own trading firm and after generating more than 10 lakhs a month ?
Prop trading firms are just a launching pad for a trader.

Futures First - doesn't ask people to trade Equities.
Each of its center is for a particular instrument - Blore - Nifty,Hyderabad - Crude Oil etc.
They want the trader to be specialised in a particular instrument.
FF asks traders to start with 1 or 2 lots initially and then increase the size gradually as the trader increases in profit.

I don't have any affiliation with FF.
 

Taurus1

Well-Known Member
#30
What is the brokerage traders pay per trade/shares?
 

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