Sorry, I meant Daily Volume. I was trading a well known NASDAQ stock today (don't want to say name) and I noticed I traded over 120k shares which was 10% of the Daily Volume traded today. I couldn't believe it.:eek: I'm sure some of you here trade this way everyday. I was just curious who here does this type of trading. Do you only trade one stock? What type of volume do you do? I figure with my 10% I must have brought in another 10% of volume as well. Every time the stock rallied (stock fell $2.00 from open) and hit certain EMA's I kept buying my way up, selling, buying my way up, etc... I made several thousand $$$ so I thought I did alright. I'm was curious as to how some of you Big Hitters trade these stocks. Thanks Mac
Sounds like you're the big hitter. 10% of Float, that's insane. Maybe 10-20% of daily volume, I've done that several times before. I'm guessing it was an active day for this low float stock. Wondering which one.
Me, Big Hitter, LOL. My norm is 20-30k. This company avg 2.5M shares a day. Today they only did over 1 M, not sure why. It was actually a low volume day, it was near the LOD so I started to buy and got carried away. Next thing you know I'm over 120,000 shares.:eek:
Don't wanna say. I'm trading it tomorrow. Probably 200k Friday. :eek: Maybe if I don't do well Friday I'll tell you.
If your holding this large a position, not just day trading it, you should call the company & get something out of them. I once got lots of cigars from consolidated cigar this way in the olden days. These days you gotta file a 13D with the SEC @ 5%
!0% of the volume in itself means nothing. Its how you trade it, 1% 10 X, 5% twice, you know what I mean.
At one time: my dad and myself had all the outstanding options (out of the money) for a particular stock (multi billion dollar company). In my short career as a trader it was most likely my best trade. The second best I would have to say was the ~200K bombardier options (I don't know what percentage this was in regards to open interest but it was pretty big for me). Ahhhhhhh......the good old days. ozzy