Trader P/L 2005
- Thread starter Diamondtrim
- Start date
- Status
i f*ckin' blew that GS trade. with 600 shares, and being that it was up over $4 at one point, i shoulda made at least 2 grand off of it. oh well.
Sammy, did you end up trying to trade any of my stocks. WBR was slow today but I still managed to fill 322k of what I had on ARCA today. I was buying on ARCA and selling on INET at 1.115 and 1.113 all day long. I just dont understand why others dont do this, it is such easy money and really does not take any effort whatsover. I find stuff like this on a monthly basis where I can syphon off 20k a month just doing a WBR trade. Its an ineffiecency in the market that is not highly exploited imo.
trust me dude i'd love to do it. it's just that my .004 p/s commissions don't make it feasible. there's no way i can do it profitably without a nice move. also, i'd probably be to chicken to do it with so much size. i mean, i could handle a 200,000 share, $50,000 EAG position. but if it moved against me, i don't know if i could eat that $2,000 penny.. PLUS take 200,000 shares of liquidity ($650.. i pay .00325) to get out. and thats not including the $1,600 commish. i think it's too risky for me at this point.
i remember i used to give goodpunk6 a hard time for trying to scalp those kinda stocks. now i understand why he was so confident that it would work. paying per print like he was would be the only way i could get it done.
Interesting comments. I don't think the credit game is "dead". There's always money to be made in providing a service, and there's more and more people who need that service (liquidity). But there's certainly also millions of other venues to make money in the markets - and every single one of them involves risk, and takes time and effort to discover and refine/practice (if this doesn't apply to you - bring along the grail mate, I'll buy the wine). 
Nice stuff MK - I see you're not afraid of competition. My dad likes to say: "Let them copy. I'm always a step ahead."
Or to quote Virgil (Aeneid):
"It never troubles the wolf how many the sheep may be."
Nice stuff MK - I see you're not afraid of competition. My dad likes to say: "Let them copy. I'm always a step ahead."
Or to quote Virgil (Aeneid):
"It never troubles the wolf how many the sheep may be."
good job, as usual. i know you and lescor must be salivating for quadruple witching tomorrow. i hope my prop account'll be up and running by the time the next one comes around.Quote from mschey:
I had a pretty good day today!I enjoy seeing and hearing about everyone's successes, small and large.
Good trading to all!
Mike
don't forget to post the blotter!
I was actually wondering this today.. Back in the old days stocks used to have drastic swings right b/4 the open due to opening print orders being executed at the lat possible second by market makers... It led to drastic and unpredictable swings right at teh open and for a few minutes after.. This was due to the market makers pushing the prices out of whack as far as they could to give the customers the opening print, and covering the balance as the stock bounced back to its "normal range"..
Same for the close...
Since everything now basically gets routed to the AMEX for the opening/closing cross, I see much less volatility..
I was told "not to bother coming in tomm" since witcihng makes crappy trading days...
If you are running opening print orders it could be a gold mine, no?
How does the rest of teh day compare to the average day? curious?
in other words, should I expect normal trading after the open?
- Status