Curious as to what is working now and in the past few yrs in prop trading (equities).
I spent a few yrs on a sell side institutional desk, order execution for commissions, prior to that about 5 yrs making markets on naz, prop desk no order flow, when fractions went away, so did our business model. Been out of the business a while now, curious to get back in if something works, ~10 yrs later, computer equipment is much better and I have FIOS at home 80 down 50 up. Does trading 100k-200k shares a day in a high volume fairly tight range stock work anymore, grinding out $500-1000/day? Or is it picking spots, say on the SPY with 1k-5k shs at a time for 20-50-100 cents? Are the trading costs low enough now to trade for 2-5 cents on 2k-5k-10k shs ? I see conversation on pairs trading, never done it, want to keep it simple, focus on high volume liquid names. For about 26 months, way back, I traded the same stock day after day, got quite good at trading it and knowing its personality. Thanks in advance.
I spent a few yrs on a sell side institutional desk, order execution for commissions, prior to that about 5 yrs making markets on naz, prop desk no order flow, when fractions went away, so did our business model. Been out of the business a while now, curious to get back in if something works, ~10 yrs later, computer equipment is much better and I have FIOS at home 80 down 50 up. Does trading 100k-200k shares a day in a high volume fairly tight range stock work anymore, grinding out $500-1000/day? Or is it picking spots, say on the SPY with 1k-5k shs at a time for 20-50-100 cents? Are the trading costs low enough now to trade for 2-5 cents on 2k-5k-10k shs ? I see conversation on pairs trading, never done it, want to keep it simple, focus on high volume liquid names. For about 26 months, way back, I traded the same stock day after day, got quite good at trading it and knowing its personality. Thanks in advance.
