Well it was on 305 exeutions. 575 was the number of orders i entered. 575 includes cancels etc.
Does that seem odd to you? I trade small lots and scale out constantly because im on a per share commision now.
If i was one of the guys whos made millions of dollars in the last year i would be laughing in your face knowing that i dont even need to do shit for my entire life because nyfix has allowed me to make so much money i can retire in my early 20's.
Granted i am not, but think about it. Who the...
Great morning, had 500 by 11 ish, then traded 230-400 like a moron and had some larger than usual losses. Should be $200+ more, but what can you do now!
The guys who make big dough make over 1000 trades a day. Very few models they can make money on (although they exist). Also, when you learn from scratch at one place, there is extreme pussy issues about leaving to go somewhere else. Lots of people can make money at swift, but they leave, and...
Well, there is also a 6.5 cent per 1000 shares clearing fee, so if you think they get the 17 cents as profit then they are also getting that fee too, which they would therefore be incorrectly calling clearing fee.
Also, many people trade more than 50-100 stocks a day. Lots of blotters are...
Also, i should add the swifttrades whole model is based on risk management. They probably are the best in the industry at controlling risk with absolute dont fuck with us rules. Between auto stop outs, overnight policy, student ramp up, branch mangers etc, each branch individually doesnt...
I believe the advertised rate i have seen on this board is 1 cent a share up to 1000 shares, .004 over that, on a per trade basis. No desk fee on 200k shares/ month.
I will be corrected if im wrong.
You guys are so clueless about swift these days its so funny.
Lots of guys are making 100k+ a month for the company, and earning as high as 64% split (top level, 300k month). I would bet there are 30-50 people making over 100k/month, and tons over the 10-20k mark a month. Payouts range from...
Surprising amount given I felt i did poorly on a number of trades. Ill take it, although i prefer a calmer path to 800 bucks, not stressing about losses.
Dont even want to post im so embarrassed. 240 yesterday could only trade first 2 hours, lots of stuff going on. Traded first 2 hours today and the fomc. I had a long for over a dollar gain, and made 20 cents instead.
I need help.