100,000 shares at a time ?

That was an interesting thread you began; i just read through it.

In terms of dollar value connected to # of shares in a cycle of trading I run with the higher end here.

The QQQ banter was a non answer though.

I hope you formulate a more defining Q to learn what you are looking for.
 
I am still enjoying all this bla-bla-bla nonsense.
Ryanmitcho, I trade in chicago, but remotely, not in the Bright office, I have an office across the street at the CBOT. As far as me and thetraderprofit, we used to trade together in LV, that's how we know each other. If any of you guys want to see good trading, sit next to him for one day.

Gertsman
 
When I first started trading, I sat next to a guy that, in the morning was long 150,000 aol's and by the end of the day was short 150,000 shares. All hedged offcourse, but I watched and tried to keep up with him. I think a few people on this board know who I am talking about.

Gertsman
 
No, I think it was the ABX/NEM deal.

Bre-x, very funny. That's the one where the chief geologist supposedly committed suicide by jumping out of a helicopter. Me thinks he was pushed....................................who would off themselves this way?
 
I know of whom Gertsman is speaking. He did a 125,000 share bullet on Time Warner and I believe he sold the entire piece in a market order at the opening. That was 50% of the opening trade.
 
Quote from Htrader:

I think its a bit more accurate to list both the share amount and the actual dollar amount since thats how buying power is really calculated.

I'm a retail trader so I don't have access to the millions BP that some of the prop traders here do.

My largest equity stock position I have ever held is around $350,000 and it came out to about 12,000 shares on a $30 stock. I would say that my average size is around $50,000 - $100,000.

My largest futures position I have ever held is around $2,700,000. Thats 60 lots of the ES. I'm not exactly proud of that number since whenever I get that large it usually means a big whopping loss is coming in the near future. My typical size is just around 5 lots, but sometimes after a really good run, I just get way overconfident and decide to plunge whenever I see a good setup. I'll score big the first few times but eventually the size comes back to bite me.
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Quote from RAY:

15,000 NVDA back when it was in the high 30's. < I did not find it enjoyable.

180 es's. < soon realized that I was in over my head, and I remember thinking over and over to myself; "you f^*%ing idiot, what are you going to do when this thing breaks WAY against you?!" well it went against me by a few points and I thought well there goes quit a bit of cash. Thankfully, I ended-up with a small gain, but having that much risk was way more than I could handle ($2250 a tick). Lesson learned.
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Quote from rs7:

Size? Just a number.

As an employee, I traded reportable limit size in OEX all the time. Just another day at the office.

As a prop. trader, it is far more stressful for me to trade 5k shares of MSFT or IBM and such.

Guys trade to add liquidity for the obscure ECN's, and a million shares of whatever (for example) a WCOM is now (does it still trade?) represents far less than an odd lot of Berkshire.

Biggest single position I ever had was 12k of IBM. For me it was gut wrenching. I am far more comfortable trading 20-40 positions of 1 or 2 or 3k shares. Maybe it was a style thing. Each to his (or her) own. Traded that way daily for many years. So how was I comfortable holding 100k shares or so, and uncomfortable with 12k in one position? Just me I guess.

The guy that places a multi million share order of a real stock for a mutual fund also is just doing a job.

Everything is relative. It's the impact on the individual that matters, IMO.

Peace,
:-)Rs7
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Very true insights.
Quote from thetraderprofit:

Where is Harrytrader when you need someone to make an additional 13 consecutive posts? My limit is 3.
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true as well, plus we have no conspiracy theories to toss around.

MY biggest size was 40,000 shares and 600 option contracts.
 
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