Do you trade thin markets?

Robert Morse said:
I do personally like them, but they are for longer term holdings or flips. I would never use a stop order on these. I have traded some with volume under 10,000 shares a day, $0.50 wide markets. I have to be very patient and play the stock range. You can't make a lot of money doing this. It might take a few days to flip 200 to 1000 shares, but I might average $0.25. I might also end up waiting weeks.
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does a broker have freedom to trade small stocks?
 
ironchef said:
There is a way to do it: Bet against yourself. Every time you want to place a trade, reverse the order and you win 95% of the time. :p
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I once asked a broker if they could provide me with a weekly list of positions on their clients accounts with all identifying information removed so I could fade them. He said no….
 
maxinger said:
What a strange trader.
Why make your life miserable?


Trading a thick market is already very challenging.
And chances of success is < 10%.


Trading a thin market is even much more challenging.
And chances of success is < 0.1%.
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We are gamblers. 0.1% for a gambler is very good odds.
 
long said:
I once asked a broker if they could provide me with a weekly list of positions on their clients accounts with all identifying information removed so I could fade them. He said no….
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You just have to turn pro and be a market maker, you will see all of the positions.

ironchef said:
There is a way to do it: Bet against yourself. Every time you want to place a trade, reverse the order and you win 95% of the time. :p
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I actually bet against myself by buying options. I started out like every retail, did CC and CSP. Not making any real money after ~ a thousand trades, so I reversed and bought.
 
ironchef said:
You just have to turn pro and be a market maker, you will see all of the positions.

I actually bet against myself by buying options. I started out like every retail, did CC and CSP. Not making any real money after ~ a thousand trades, so I reversed and bought.
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What is cap? So you just buy call or put instead of selling covered call or sell put?
 
long said:
Do you use spread orders? Or are you exposed waiting for the second leg of the spread to get filled?
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I am only legging into a position that cannot be open by a exchange-traded spread order
Legging in can be costly especially in the long run. It's not worth it for me. I hold positions for weeks and months usually so I am ready to give up couple ticks I lose by not getting a legging "discount"
 
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