Beyond day trading own account?

Discussion in 'Professional Trading' started by chipmunk, Sep 24, 2008.

  1. OK so you are day trading your own account.... But how do you go beyond this to turn i into a bigger business?

    Aren't you restricted by your account size? I mean day tradig $200,000 and making $150,000 to $250,000 p.a. is great but what if you want more? Is it possible?
  2. triggger


    Its all about how liquid is the instrument you are trading.

    on ES for example, millions can be day traded

    I suggest you learn to look at DOM or so called level 2 quotes
  3. Rimping


    More is possible but it is good for nothing.
  4. Depends where you want to go, but there are plenty of options to take it to the next level.

    From easy to harder:

    Chat room charging $XXX/mo. Can set up today via PalTalk or something.

    Trade family and friends accounts.

    Start service on a site like

    Set up a CTA/CPO type thing if trading futures.

    Set up a hedge fund or mutual fund.


    I'm sure there's more, but you get the idea. Some can be done today or relatively soon and some can take months/years to get going. Of course the bigger payoff is in a fund type setup.
  5. so there are no liquidity problems with day trading ES fund?
  6. l2tradr


    It trades 1-4 million contracts a day, so you're safe with even the largest orders. At most liquid times during the day, you can fire an order for 500 contracts and you'll get no slippage.
  7. You should not have issues trading larger sizes on the ES during RTH. If/When that ever happens, life will be good.


    By that point you may not want/need the fund anymore...
  8. I guess it all depends on hat you want. I prefer to build a business than trade my own account. That's me.

    Thanks anyway.