Schoney and Generic

dotslashfuture · Jul 22, 2002

Is Schonfeld really into swing trading ???

EQTRADER · Jul 22, 2002

most schoneys can hold no longer than 24 hrs

dotslashfuture · Jul 22, 2002

what is a typical amount of buying power when you first start out ?

lojze · Jul 22, 2002

Yes, I would also like to know.

Lojze

EQTRADER · Jul 22, 2002

they start traders off with 100 share positions

lojze · Jul 22, 2002

For how many stocks?

Lojze

EQTRADER · Jul 22, 2002

A few ,you can't make a living on it, give it at least 1 yr before you can trade any size

total buying power for a new guy would be approx $30,000

dotslashfuture · Jul 22, 2002

thanks for that info. They must have a lot of guys with night jobs or else a lot of kids living with their parents.

roumeo · Jul 22, 2002

so if you can do well, they can increase your position, right? or just still keep your position small?

EQTRADER · Jul 22, 2002

They will not add to your positions, But after time they slowly allow you to trade more shares