You'd be surprised. I don't trade anywhere near as much volume compared to what some people trade. On average I trade about 100k-200k shares a day. There are others who trade 500k-800k a day.
Hey! I´ve been reading your journal and, could you explain to "your readers" your new comissions? How have been they reduced? Then we could follow your story better. I must tell that I see you very motivated to succeed as a trader, but life will never end if you don´t. I hope you succeed, take your time and go on fighting for it
Pretty much. Think of it as an oscillator. Zero dollars is basically the zero line. If I'm down $1200 then I have to travel all the way to the zero line to be flat. Anything above that line and it's mine. But you're right, I won't be getting a check for March. Hopefully april will be a better month.
Well, currently we're charged per execution. The firm cut that execution price in half. I don't really want to say what I'll be paying, but if look at my number of executions you can sort of figure a rough number of what I'm paying. As of tomorrow I'll be paying half of that amount.
I've read a lot of your journal and it seems like you make money gross but usually wind up $25 to $100 net positive. Trading more than 2500 shares a pop, you should be doing better than that net if you want to succeed personally. Your firm is making a heck of a living off of you. Firms tend to promote churning. It would make sense that a firm would want its traders to trade stocks that stay within a 3 cent range because there's low risk and plenty of opportunity for commission generating. I in general am very weary about trusting any wall street type firms. but that's just me i guess
Good morning everyone! I feel pretty good today. It's a new quarter, a new month, and a new day! The best part, NEW COMMISSIONS!!! I have a busy weekend ahead of me. I'll be starting my new part time job on saturday morning as a server in a cafe in Jersey City. Then on Saturday night I'll be helping a my tenant with his carpet cleaning business. Finally, I'll working Sunday morning at the cafe. Hopefully I'll get some nice tips. I got myself a part time job so that I could make some extra money on the side. I'm broke as a joke and I need money!! So what have some of you guys done on the side while you were learning to trade??? Good trading!
Can't go wrong with being a blood donor/sperm donor. You will get cookies and juice, plus some cash. I'm j/k of course. If you can get a job as a waiter in one of the better restaurants in Manhattan you can make decent money off the books. A friend of mine was doing it last year and making about $500 in tips for 3 days of work. Good luck. -Neo
Our building's network went down today so I barely traded. I lost $19 and spent $5 losing it. I had 5 buy executions, 5 sell executions, and 5,200 shares traded. Have a good weekend!
Does this happen often with HLV? Once or twice in a month? Are you compensated when this happens? I agree with some people of this thread, that when you don´t make money for long trading some stocks, or trading with some strategies, at least, you should start to try new ones to go away some distance from the probable wrong path. Trading is also a question of experience, and the more things you try, the more resources you will have ; )