I am qualified to be a big trader

T

trend2009

IB told me I was qualified to be a big trader based on sec definition. So I must register with sec to obtain big trader id number. What is the consequence of being a big trader? I can not enjoy non professional data fee any more? Any other consequence?
 
I was considered a big trader a long time ago. It didn't mean anything except the revenooers sometimes wanted to know what I was doing and my intentions with my positions. (Of course, I told them... "just trade plays". One time I got an overnight, "special delivery" from the exchange about info on trades I'd already closed out.)
 
It means you have to get some special number from the SEC and give it to all your brokers. If you’re not swinging that many shares the next year in a single stock, then requirement expires the next year or the following.
 
What is the difference between professional options trader vs retail? The limit of 390 orders per day is quite ridiculous in this age of hft
 
MoreLeverage said:
It means you have to get some special number from the SEC and give it to all your brokers. If you’re not swinging that many shares the next year in a single stock, then requirement expires the next year or the following.
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I trade hundreds of stocks each day, each stock only trades at most a few thousand shares, less than 200,000 dollars. so it looks likes the big trader definition is not only single stock, it is calculated on all trading volumes.
 
trend2009 said:
I trade hundreds of stocks each day, each stock only trades at most a few thousand shares, less than 200,000 dollars. so it looks likes the big trader definition is not only single stock, it is calculated on all trading volumes.
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You are so bad ass. If you could send me your autograph after you read this I would appreciate it.
 
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