Is it possible to day trade $20 million+

S

silk

Anyone think it is possible to day trade stocks (not futures and close out positions by end of day) with buying power in excess of $20 million?

It can be frustrating to close out of 20,000+ share positions at end of day without slippage. So unless you are trading S&P100 names where there isn't much money to be made, I would think it would be a great liquidity hurdle to day trade stocks with greater than $15 or $20 million buying power. The good day trading stocks are usually under $10 billion market cap and often do not accomadate 30,000 share positions. Some do, but not day in day out.

So therefore I assume that virtually nobody is daytrading with $20 and $30 million buying power in stocks. Am I wrong?

So if you have $30 million+ with which to day trade, you won't be day trading stocks. I guess currencies or futures would be your only bet. I guess thats why hedge funds are all in Spyders and futures.
 
Quote from Nana Trader:

Can i borrow you $200K, what different does
it make in your life? :confused: but i try to return it.
More...
If you get the $200K "loan" from silk, could you then lend me $2K? It won't make any real difference in your life, and I promise to try and remember that I borrowed it from you. Thanks in advance.
:D
 
Yo Thunder - if you get the $2K can I get $20? It will not make a difference in your life, but it will buy me McDonald's and Taco Bell for a week.

PS - I will probably not be able to return/repay it.


:D
 
Quote from silk:

Anyone think it is possible to day trade stocks (not futures and close out positions by end of day) with buying power in excess of $20 million?

It can be frustrating to close out of 20,000+ share positions at end of day without slippage. So unless you are trading S&P100 names where there isn't much money to be made, I would think it would be a great liquidity hurdle to day trade stocks with greater than $15 or $20 million buying power. The good day trading stocks are usually under $10 billion market cap and often do not accomadate 30,000 share positions. Some do, but not day in day out.

So therefore I assume that virtually nobody is daytrading with $20 and $30 million buying power in stocks. Am I wrong?

So if you have $30 million+ with which to day trade, you won't be day trading stocks. I guess currencies or futures would be your only bet. I guess thats why hedge funds are all in Spyders and futures.
More...

... Day trading with 20mill on a few names Give it a try, lol. That should be funny.
 
The larger Schoney guys STILL have that kind of Buying Power - When they do max out their lines -- they probably would have alot of spy's and qqqq's in the mix !!!!! Alot I think right now is being very selective and maxing out size when a stock is a having a special day - and not playing the same stocks day in and day out !!!!
 
Quote from silk:

Anyone think it is possible to day trade stocks (not futures and close out positions by end of day) with buying power in excess of $20 million?

It can be frustrating to close out of 20,000+ share positions at end of day without slippage. So unless you are trading S&P100 names where there isn't much money to be made, I would think it would be a great liquidity hurdle to day trade stocks with greater than $15 or $20 million buying power. The good day trading stocks are usually under $10 billion market cap and often do not accomadate 30,000 share positions. Some do, but not day in day out.

So therefore I assume that virtually nobody is daytrading with $20 and $30 million buying power in stocks. Am I wrong?

So if you have $30 million+ with which to day trade, you won't be day trading stocks. I guess currencies or futures would be your only bet. I guess thats why hedge funds are all in Spyders and futures.
More...


might be possible with big sector moves, but picking single stocks with that $ would spell suicide, unless you can cut a deal with a specialist.
 
Quote from Copernicus:

might be possible with big sector moves, but picking single stocks with that $ would spell suicide, unless you can cut a deal with a specialist.
More...

Picking a single stock and hiting it with $20M and then
have to deal with specialists too? what a headache :mad:
 
would imagine difficult for discretionary, but quite possible with program, blackbox, etc. ie, trades 500-1000 stocks at once, 500 shares each long & short mix, lower systemic risk.



Quote from Copernicus:

might be possible with big sector moves, but picking single stocks with that $ would spell suicide, unless you can cut a deal with a specialist.
More...
 
20 mil in a single stock wouldn't be too smart -- but when a stock is having a stand out day - I am sure some traders (not me-not even close) are buying 50,000 shares of a nice thick slow mover --- but I agree with how thin stocks can get - its not easy - I guess its all relative to ones account size and tolerance for P&L swings -- Maybe in the past a guy would trade 5,000 to 10,000 shares of 10 to 15 stocks - now maybe they are looking to increase their size and only play the so-called "stocks of the day"

... and people with access to this kind of capital seem to be trading 2 accounts - one a shorter term day trading account and the other a multi-day swing account ----
 
You must log in or register to reply here.
Back
Top