Watching the paint dry...

I traded 288,950 shares on 8/1/02 that is my record for one day with Citibank. I am not big fry either, I know a guy that does a 1 million to 1.5 million a day in volume!
 
Originally posted by JWKirkland
I traded 288,950 shares on 8/1/02 that is my record for one day with Citibank. I am not big fry either, I know a guy that does a 1 million to 1.5 million a day in volume!
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I assume this is some guy trading a boat load of LU or something similarly low priced?

nitro
 
Nope.

He trades Citi, IBM, TXN, TYC, Big Cap NYSE that move etc.

Just scalping like crazy. I hope you do not assume we are actually holding for more than 20-45 seconds at a time.

In and out faster than you can say "Book me 15 cents on my shares."

Any market, any time, as many times as possible.

We are not taking positions, just scalping.
 
With a prop firm you do not really care what the price of the stock is because you have plenty of money to work with.

Actually, the higher priced the stock the better it moves.
 
Originally posted by JWKirkland
Nope.

He trades Citi, IBM, TXN, TYC, Big Cap NYSE that move etc.

Just scalping like crazy. I hope you do not assume we are actually holding for more than 20-45 seconds at a time.

In and out faster than you can say "Book me 15 cents on my shares."

Any market, any time, as many times as possible.

We are not taking positions, just scalping.
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I really had no idea - just that 1M + shares a day seems so huge by comparison...

nitro
 
Originally posted by JWKirkland
With a prop firm you do not really care what the price of the stock is because you have plenty of money to work with.

Actually, the higher priced the stock the better it moves.
More...

I don't care what the price of a stock is either...Hmmm, actually, come to think about it, how many MMM's can I do? Hmm, yeah, I guess I do care!

nitro
 
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