Best shorting advice?

Discussion in 'Professional Trading' started by bontrjd, Jul 30, 2007.

  1. I used to scalp heavy when fees agreed with me, and trading actively paid off when inet paid .90 to remove. I now fade extremes and I always get stock on both sides regardless of reg sho stocks or not. So I will have to completely disagree with you. There was a time when I would trade too too active and kill myself in fees. Now I do a 50/50 passive active, bid half or offer half while taking the rest active as the market decided to move. 80% of the time I usually get filled and now with hybrid lucky fills are much easier to come by. Of course I also used to lean on size on both sides (God bless the specialist RIP) and taking money on both sides was like throwing a net into a river of money, bound to catch something. Now there is much more risk since big money calls direction. So in that sense I see your point. But say there is 80k gt being offered and you take the bid, offer gets taken and there is now 80- 120k bid because your buddy does not want to be short now and was never long to begin with. See my point? One shot nx... see ya! remember NY is like big AMEX now. Sweep city. Scalping is just terrible nowadays, your out five cents before you even post an order. but maybe you are scalping 50k blocks of csco, i dont know.
     
    #11     Jul 30, 2007