Remote Funded Mean-Reversion Equity Trader — Chicago, IL
Chicago, IL
Maverick Trading
Buy oversold, sell overbought — disciplined mean-reversion on US equities.
Trade from the world's derivatives capital — same time zone as the CME, deepest trader community in the country outside NYC.
A mean-reversion equity trader at Maverick takes positions against short-term extremes in US equities — buying oversold conditions, selling overbought conditions, and holding for a return to a defined statistical mean. The strategy is most profitable in range-bound markets and gets punished in strong trends, which means a mean-reversion trader has to be honest about the market regime and willing to size down (or stand aside) when conditions don't favor the approach.
Trading from Chicago, IL
Chicago is the global capital of derivatives trading. The CME, CBOE, and the cluster of prop firms in the West Loop — Citadel, DRW, Optiver, Jump, IMC, Belvedere — make this the city with the highest density of professional traders per capita anywhere outside Manhattan. The Central Time zone is a natural fit for trading US equities: an 8:30am open with a 3pm close gives a long afternoon and a manageable schedule.
Local ecosystem: CME, CBOE, and a major cluster of prop trading firms in the West Loop and Loop districts.
Time zone: CT — the NYSE opens at 8:30am local for traders based in Chicago.
What You'll Trade
US equities and ETFs with sufficient liquidity, focusing on names where statistical mean-reversion has historical evidence. Most positions are short-term (3–10 trading days). Some variants of the strategy use options structures to define risk and benefit from IV mean reversion alongside price mean reversion.
Day-to-Day
- End-of-day scans for names hitting defined oversold/overbought thresholds (z-score, RSI extremes, ATR distance from a moving average)
- Filter for fundamental disqualifiers — earnings within the holding period, recent guidance changes, sector-wide selling
- Enter at planned levels next session; size off the historical max adverse excursion of similar setups
- Exit on mean-reversion completion or hard stops; do not hold for trend continuation
Risk Profile
Mean reversion's worst losses come during regime changes — when a market shifts from range-bound to trending and the oversold names keep getting more oversold. Maverick traders cap exposure during such regimes and pay attention to broad-market trend indicators as a context filter, not just individual signals.
Who Succeeds in This Role
- Traders who can stand aside during trending markets without forcing trades
- People who think in expectancy and sample size, not single trades
- Candidates with experience cutting losers fast — mean reversion loses worst when you average in
- Traders who understand that win rate alone is meaningless without the loss size to balance it
Why This Role Exists at Maverick
Mean reversion is one of the most studied and best-documented short-term equity strategies. Maverick funds it because the strategy is rule-based, scalable across names, and produces a P&L pattern that diversifies from momentum and trend-following.
What Maverick Offers
- Trade firm capital — no personal capital at risk
- 65%–90% profit split based on performance tier
- Performance-based capital scaling, no upper cap
- Professional training and mentorship from active traders
- Fully remote — trade from anywhere with reliable internet (US applicants)
- Monthly ACH payouts
- No challenge accounts, no evaluations, no monthly fees
About Maverick Trading
Maverick Trading is a proprietary trading firm founded in 1997. We allocate firm capital to disciplined traders and scale buying power based on performance. We are not a brokerage, we do not run challenge accounts, and we do not sell evaluations. We profit only when our traders profit.