Schoney charges add up to approx .015/share, Generic is negotiable / slightly higher. Generic has better trading platforms, and you will get better fills. I you are a new trader Schoney is the way to go, if your established Generic has a better payout.
These figures are for INTRADAY TRADING ONLY
Lets say a trader is long a basket of 7 stocks
1k- adbe b 24.7 s 25.51....$ 810 p
1k- bls b 30.6 s 31.13.....$530p
2k- aol b 12.62 s12.6.....$40L
2k- ge b 28 s 27.9.....$ 200L
2k- amat b 18.25 s 18.85... $1200p...
Thanks for your reply
I would rather be in stocks I feel are stronger than the overall market. If my basket rallys it should outperform the spy's and the Q's, and on the other hand, if the market weakens my stocks may hold up better.
Thanks, some posters don't understand relative strength. Its possible to make that much in the stocks you mentioned if you catch them right even if its "only "a 20 pt nasdaq move.
When a trader puts on positions, he has his reasons.. that is not what the post is about.
1. I don't know how much the market will rally ? do you ?
2.The market opened flat with these stocks out performing, I entered these positions @ 9:45 am
3. You should not assume the market rallied...
I see what your saying, This is what I would do:
If the market rallys and these stocks don't go up I will sell at the market . If the market breaks I will sell them if they act weak relative to the market, taking a loss no larger than $2,000. If they Hold up in a sell off I may add to my...
I'm trying to calculate a ratio between how much buying power someone is using at a particular time to his realistic profit goal.
Please let me know if you agree with the following:
These figures are for INTRADAY TRADING ONLY
Lets say a trader is long a basket of 7 stocks
1k- adbe
1k-...
The Ad says its proprietary trading. I wonder If it entails trading on their ECN for liquidly, and they pay you all the commissions you churn up, plus any P&L you may make. If so,not a bad deal in this environment.
That is true, they have traders who made big bucks 2 yrs ago, now their getting slammed....Schoney is real late making changes, I've heard he lost 3/4 of his cap.
What is troubling is he is letting the office managers make the layoff decisions and their choices have not really made much sense...
The east Boca office, will "merge into" the west Boca office, one office mgr. will be fired .
The combined number of traders in these offices will be cut back to approx 50 from what was at one time 230
Ps. its still up in the air with the Miami office
rumors say that if Schonfeld has...