Anyone here Trade 10% of a companys Float?

F

F-Trader

Sorry, I meant Daily Volume.


I was trading a well known NASDAQ stock today (don't want to say name) and I noticed I traded over 120k shares which was 10% of the Daily Volume traded today.

I couldn't believe it.:eek:

I'm sure some of you here trade this way everyday. I was just curious who here does this type of trading.

Do you only trade one stock?

What type of volume do you do?

I figure with my 10% I must have brought in another 10% of volume as well.

Every time the stock rallied (stock fell $2.00 from open) and hit certain EMA's I kept buying my way up, selling, buying my way up, etc...

I made several thousand $$$ so I thought I did alright.

I'm was curious as to how some of you Big Hitters trade these stocks.

Thanks

Mac
 
Quote from F-Trader:


I'm was curious as to how some of you Big Hitters trade these stocks.
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Sounds like you're the big hitter.

10% of Float, that's insane. Maybe 10-20% of daily volume, I've done that several times before.

I'm guessing it was an active day for this low float stock. Wondering which one.
 
Me, Big Hitter, LOL.:D

My norm is 20-30k.

This company avg 2.5M shares a day.

Today they only did over 1 M, not sure why.

It was actually a low volume day, it was near the LOD so I started to buy and got carried away.:D

Next thing you know I'm over 120,000 shares.:eek:
 
If your holding this large a position, not just day trading it, you should call the company & get something out of them. I once got lots of cigars from consolidated cigar this way in the olden days.

These days you gotta file a 13D with the SEC @ 5%
 
At one time:

my dad and myself had all the outstanding options (out of the money) for a particular stock (multi billion dollar company). In my short career as a trader it was most likely my best trade.

The second best I would have to say was the ~200K bombardier options (I don't know what percentage this was in regards to open interest but it was pretty big for me).

Ahhhhhhh......the good old days.

ozzy
 
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