Posted this in the prop firm section because I see block trading as trading thick stocks that are low priced and you really can't be to profitable without routes usually not open to retail traders. But didn't get a great respone and was hoping for a better one here.
EX: http://www.youtube.com/watch?v=kYamaIpPjXA
So my question to you prop shop owners/traders/people with information...
Is this still possible since C is gone? (maybe stocks like S,Siri, etc...)
If so, is UBSPASS still the route to go with?
If not, what routes? (I use JPMDARK, is there a problem with this? Benefit?)
How are you getting out of trades?
My personal experience:
Playing with S I've been able to get fills rather quickly with JPMDARK but I have a problem unloading the shares...
Here's an example:
1.10 orders of 1000 at 5.84 LONG
2. Get filled for about 5000 in about 2-3 minutes sometimes more sometimes less.
3. Use a smart route at 5.85 wait 15 minutes+ to get filled or get stopped out for a loss.
So is this just not possible anymore? Or is there a route I should be using to get out? I have access to midpoints but I'd lose money if I sold there because of Fee's and commi....
Thanks for your help.
EX: http://www.youtube.com/watch?v=kYamaIpPjXA
So my question to you prop shop owners/traders/people with information...
Is this still possible since C is gone? (maybe stocks like S,Siri, etc...)
If so, is UBSPASS still the route to go with?
If not, what routes? (I use JPMDARK, is there a problem with this? Benefit?)
How are you getting out of trades?
My personal experience:
Playing with S I've been able to get fills rather quickly with JPMDARK but I have a problem unloading the shares...
Here's an example:
1.10 orders of 1000 at 5.84 LONG
2. Get filled for about 5000 in about 2-3 minutes sometimes more sometimes less.
3. Use a smart route at 5.85 wait 15 minutes+ to get filled or get stopped out for a loss.
So is this just not possible anymore? Or is there a route I should be using to get out? I have access to midpoints but I'd lose money if I sold there because of Fee's and commi....
Thanks for your help.