Hi, I was wondering... the traders who had an insane amout of shares / day. What strategies do they use?
i do around 5 million a day average and use a scalping method, applied to big blocks (50-500k) depending on the stock. also around 300-600 trades a day
Only go in (Long or Short) when the stock is going in my direction. Never in a position more than 3 minutes.
I like the way you trade edbar. I see you're a cool trade user and i bet you have some interesting parameters / rules set up there. Feel free to coach us lesser brethren with additional particulars if you are so inclined
from the guys, i hang with doing that volume daily on automation... they are revert to mean, across tons and tons and tons of stocks (law of numbers) in the big picture, it is more like they are market making (which a few do as well, on very short term conditions...) a few others, i know are excellent traders in a select few stocks and THEY bang away on monster size, scalping. mksummny, for instance. these are the guys i chat with who absolutely astonish me with their "darkside/manual" trading ability- scalping! wtg!
Thanks for the generous hospitality Ed, I'll settle for using your website but it's nice of you to offer the other. From all I've heard, i really do think you are onto something good and i wish you guys much success. The Birdman