Schoney and Generic

Is Schonfeld really into swing trading ???

 

most schoneys can hold no longer than 24 hrs

 

what is a typical amount of buying power when you first start out ?

 

Yes, I would also like to know.


Lojze

 

they start traders off with 100 share positions

 

For how many stocks?


Lojze

 

A few ,you can't make a living on it, give it at least 1 yr before you can trade any size

total buying power for a new guy would be approx $30,000

 

thanks for that info. They must have a lot of guys with night jobs or else a lot of kids living with their parents.

 

so if you can do well, they can increase your position, right? or just still keep your position small?

 

They will not add to your positions, But after time they slowly allow you to trade more shares