Which is why traders of similar strategies may find this info useful. Of course someone taking rebates on SUNW, compared to pairs trading, compared to trading goog with small size is all going to vary quite a bit. But if you are in a circle of traders that all do similar stuff it is the best...
Nope, divide your days profit by your volume. That gives you cent-per-share profit which for most profitable traders ends up around a 1-2 cps long term average.
No attitude...just to the point. Many traders don't understand this calculation, so you were one of many who didn't respond correctly to the survey.
Cent per share profit:
=$Profit/#Shares
eg. if you make $1000 on 30,000 shares:
1000/30000=3.3 cps profit
This is much different...
Unfortunately I have noticed significantly worse fills since the change. I'm used to abuse from these guys, but it's so bad now that i'm forced to start trading other methods also to keep my income level.
Have your bot try this order:
1)Sweep any ECN's at or below NY offer
2)Have bot check for >100 shares on NY L1 and NX those
3)Then send a limit DOT order at +.05 over offer, or whatever you are willing to pay up.
Best way I can think of...
Muhammad Ali
So...you are going to make $100k/week trading ES, but that extra $30 to pay Esignal is too much to shell out.
I have $1B in my paper trading account that you can have if are still around in 3 months.
This is a great post, because it displays how good the current system actually is. If the Fidelity's would stop bitching about specialist abuse and just trade through ECN's and regionals then we could all be happy. But, they want to have their cake and eat it too (whatever that really means)...
I've seen others claim this, but it's your broker that doesn't allow it. I trade through NY quotes all day long on ECN's...there are no restrictions unless your software has it built in.
Is that what you are referring to?