The Quarterly Review: A Prop Firm’s Eight-Figure Kick-Off.
Inside AXIA’s prop desks during Q1 2025—and the prompts to rethink your Q2.
Across the AXIA trading desks.
January-March 2025.
London, England, and Limassol, Cyprus.
Then came April. What a quarter!
The clocks changed, the brake broke, and European equity can rise. Or, until Liberation yester-(day) gave you a discount.
Consider, in no order—on-brand for the markets, yes?—what had to be digested over the past quarter: the Trump Tariff saga, the DeepSeek disruption, the European budget reactions to the Russian-Ukraine war—Germany’s debt brake story; Bund’s a-sorry. And… ah-yes. Remember those ECB and BOE cuts? FOMC holding and perhaps others folding. Gilty anyone?
The multi-dimensional market operator must thrive here. VIX goes up, and your P&L must too. You must be positioned this way. Ignoring this inconvenient truth will lead to an unpleasant surprise. No refunds.
But oldboy! Remember, the worst is reserved for Goldilocks strategies thriving on a decent VIX number. But when it goes up too much—liquidity is fleeting, duration is weeping—th…