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Sure it does. Retail traders using say a Scottrade or similar retail brokerage account won't have access to the same tools, execution quality, or speed as someone like you who uses a direct access platform. Those differences surely have an effect on being able to scalp successfully and consistently.

Instead of regurgitating the same plagiarized material you downloaded from Google over and over again in this thread, why don't you tell us your own thoughts on this subject epicwinner?

How do you know he's not just a newbie who surfed here trying to find reviews on his broker? C'mon, you don't really believe he's trying to plug Merrill Edge, do you? I mean that's Merrill Lynch/BOFA, not exactly some small prop shop in Brooklyn. :p

Why are you responding to a 14 month old thread? Did you search ET for Mr. Millman's name?

I hope for your sake that your "technical rebate trading" strategy doesn't rely on floor brokers after C's reverse split. While floor brokers may be an effective source for liquidity in C, they won't bode too well in other symbols such as BAC, ALU, and S. Why? Because you won't see anywhere near...

I for one will be going back to my roots and start scalping WCOM and ENE again. That's where it all began for me.

Congrats on the huge winning trade... Your username makes sense. :D Just curious, how are you YTD?

Just wait until May 9th and you'll really start to see trading volume plummet.

Funny thing is it was all 100% legit. I stopped posting when I blew the account up.

Wow, almost 7 years later and a lot of HFTs such as myself find themselves in the same boat now that C is doing a reverse split. It's amazing how much has changed in 7 years -- new regulations, the advent of dark pools and ATS', mid point orders, different platforms and routes, etc. but the same...

All those stocks you mentioned, along with a few dozen others going back to the early 2000's (ENE, WCOM, ERIC, etc.) did trade in the same way as C. The only difference is all those symbols, just like ALU, S, SIRI, etc. today, didn't trade volume even remotely close to that of C. So yes, traders...

I'm pretty sure I am right. A lot of black boxes and HFTs are already trading those other symbols right now as it is. There simply isn't enough volume for them to trade more shares, otherwise they would already be doing it now. A lot of the flow in C is indeed institutional, retail, hedge...

While you can artificially create liquidity, you can't really artificially create volume. So take a stock like S which averages ~50M shares a day. So now instead of having an inside bid/offer of around 500K shares on each side, you have 2M. With the increase in liquidity comes an increase in...

Yep and worse even, everybody will stampede into stocks like S, ALU, and Q leading to crappy fills since so many traders will be bidding and offering the stock but the volume just won't be there.

Discuss. :D http://www.cnbc.com/id/42196879?__source=yahoo

Some won't make it, others will trade different symbols. The trading in the other symbols won't be the same as C though: the volume, liquidity, profits, etc. will be at a much smaller scale relative to C.

It still won't trade anywhere even close to C pre-reverse split. Prop shops, black boxes, HFTs, etc. can only create so much volume. If they're on both sides all day like they are in C, you still need somebody on other side of the trade. C trades a ton not only because of the prop shops...

True, but look at the inside liquidity on the bid and offer on a QQQQ or MSFT compared to a C. World of difference. It takes a *LOT* more size to punch through to the next level on C than in those other stocks too. It's completely different.

That's not necessarily true. A lot of scalpers such as myself profit more from the spread than rebates. I don't do much rebate trading at all anymore actually.

It has everything to do with the price of the stock. The same style of trading will not apply to C at $45 that it does at $4.50. The volume will also be only 10% of what it's doing today. You will not be able to trade it the same way, nor make the same kind of money trading it.