Bachelier Like .05c a share net if I average winning and losing days. Is it really .05c only or $0.05?
Bachelier 750000-2.5m. shares a day. I have a vivid image of you punching in the orders with your hands and the big toes at the same time.
So after trading between 750,000 - 2,500,000 shares every day on average you make $500-1,200 ? Is that worthy?
mind you, i only get a small part of that. I don't know what the amount of shares traded has anything to do with it.. Would it be worthy to you? Regards
If you only get a small part of that, why don't you go trade for a firm like Echo or Bright that pays you 100% of your profits. In my opinion, trading that much volume, you should be earning at least $100,000 a day, not a $1000.
i am amazed by what you are saying.....how did you work up to that level of volume? how long have you been trading? do you ever try to teach others how to trade? what order entry platform do you use?
I personally dont see what is impressive about churning through 100 of K's of volume and only making 500-1000$... Correct me if I am wrong but isnt trading about quality rather than quantity - although sometimes the two may go together hand in hand to a certain extent ? Regards, Splat
Splat, On the contrary my friend I thought trading was all about the Benjamins' . That is; I thought the whole point was to make money. In my humble opinion there are many ways to make $ in the market, some make it by hitting singles some doubles, some homers. If you are 'singles hitter' (such as I am ), it follows logically that in order to increase profits you must trade greater volumes. While I agree that trading high volumes ( 100's of K's per day) holds no specific 'status' when identifying good or great traders for that matter, if you are operating with the right business model high volume trading is a legit and potentially very profitable method of trading. Anyways, the market needs traders of all types scalpers, swing, long term investors etc. with different methods to provide liquidity to the markets at different times and ultimately make this whole thing work. Personally, I don't ignore the home runs when they come my way, but I feel I have a better opportunity to hit homers if I am constantly at the plate.
I agree with youtotally. Trading is about making money. I was referring entirely to the case of earning 500-1000$ thro churning thro 100's of K volume. I personally dont think its worthwile - but you are correct - the market needs liquidity through all kinds of traders. If that type of trading suits some people then the BEST of luck to them Regards.