Any huge size stock day traders out there?

who daytrades 100 lots of ES? and 1000 lots of ES...average size is 1 lot.

market maker of the ES making tonnes of money off you fools.

Quote from newguyintown:

Quick question. I'm an ES day trader that trades decent size (up to 100+ lots) and will be trading much bigger size soon (1000+ lots) when I start managing investor money other than my own.

I'm looking to broaden out my scope and expand my repertoire by also day trading stocks, which is something I feel my natural style could gel well with, and also to have a different income stream from pure ES trading when the indices are dead and choppy like they have been so often of late.

My question for any big size stock day traders out there is what are the liquidity and scalability constraints in the world of stock day trading (assuming the most liquid and volatile stocks)?

Trading a 1000 lot in the ES with a 2 point stop means $100,000 of risk in just one trade. While I know that kind of risk is not likely feasible in intraday trading in a given stock, I just want to have an idea of the number of shares one can trade pretty readily intraday in some of the most tradable stocks (like GOOG, APPL and so on) while keeping slippage under control and not eroding ones edge. Specificity and detail would be much appreciated, and keep in mind I am not a scalper. I would be looking to get in for the larger intraday swings.

Of course I know that there would be a learning curve and I would first naturally start out with very small size, but I am asking to know if it could be a lucrative thing to add to my ES trading. If huge size is not really feasible it might not be worth my time and effort to get into the stock trading learning curve.

Thanks.
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Quote from brokenmarkets:

who daytrades 100 lots of ES? and 1000 lots of ES...average size is 1 lot.

market maker of the ES making tonnes of money off you fools.
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There are ES traders who day trade 100 lots and larger. Average size is well above 1 lot.

Any fool (except you) knows there is no market maker for ES.
 
Quote from newguyintown:

Quick question. I'm an ES day trader that trades decent size (up to 100+ lots) and will be trading much bigger size soon (1000+ lots) when I start managing investor money other than my own.

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Not to change the topic, but who is your clearing firm, what commission are you paying and what is your day trade margin per contract?
 
Quote from brokenmarkets:

who daytrades 100 lots of ES? and 1000 lots of ES...average size is 1 lot.

market maker of the ES making tonnes of money off you fools.
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Have you ever watched Time and Sales of ES?
 
Quote from syrre:

The liquidity and the easy executions is one of the main arguments for trading futures. If your plan is turning some goog or aapl you will be fine, but you are limited to the biggest ones if you dont want to give up some edge. Add company risk and I think you might will make a switch to the negative.

Quick Q back to you:
Why dont you look into the big SP?
5 times bigger contract, you dont need to trade in thousands, plus you get better (smaller) increments (spelling?).
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Big S&P is tiny, tiny, tiny.

Jan 05, 2011 Volume

March ES 1,781,256

March SP 12,104
 
I hear Jack Hershey cleaned up today

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Thanks for ur insights guys.

Jack: I have no idea what you said :) But it sure as hell seems interesting, so if you could explain it in terms I can understand that would be much appreciated ;)

Jeb: I trade through Advantage Futures, and I have a seat lease on the CME so my commissions are sub $1.50 round turn.

Obviously this question on here won't be my only source of research on the matter. I'll end up getting a direct access stock trading platform and watching to see what kind of size goes through in live trading. But there are a few savvy guys on this site and it never hurts to learn from others' experience. Plus, there is always the entertainment of all the other replies :)

Cheers
 
C trades in pennies, it has an average daily range of maybe 10 pennies, however the inside market is typically quoted for 5 million shares +... so $50,000 per penny. You probably won't be able to go for more than 2-3 pennies, but it's gotta be one of the world's most liquid markets (C).
 
Do you really have some edge trading C? Unless you're trading the spread or rebates, I'd think there were much better ops elsewhere. If I could trade for free, I guess it might be a player.
 
Quote from newguyintown:

Thanks for ur insights guys.

Jack: I have no idea what you said :) But it sure as hell seems interesting, so if you could explain it in terms I can understand that would be much appreciated ;)

Jeb: I trade through Advantage Futures, and I have a seat lease on the CME so my commissions are sub $1.50 round turn.

Obviously this question on here won't be my only source of research on the matter. I'll end up getting a direct access stock trading platform and watching to see what kind of size goes through in live trading. But there are a few savvy guys on this site and it never hurts to learn from others' experience. Plus, there is always the entertainment of all the other replies :)

Cheers
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The learning path is long, I certainly gave you more credit thanI should.

Because I do not know your terms, I probably couldn't oblige your request. Sorry.
 
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