Article: Making $150,000/ month trading US stocks.

by **Ferru123** » Sat May 05, 2012 2:44 pm

http://www.trade2win.com/boards/level-i ... tocks.html

Level II is ladder trading, btw.

Jeff

by **jimrobo** » Sat May 05, 2012 2:59 pm

I saw someone make 70k in one trade on thursday. The trade took less than 3 seconds!

by **Ferru123** » Sat May 05, 2012 3:11 pm

Wow!

What sort of technique were they using? Do they commonly make that kind of money, or was it a really great trade?

Jeff

jimrobo wrote:I saw someone make 70k in one trade on thursday. The trade took less than 3 seconds!

by **jimrobo** » Sat May 05, 2012 3:18 pm

who knows!!! I just saw it through the price feed! An abnormally large order came in, price reacted off it, moved and then a similar amount went through the opposite side! It might not have even been the same person. I just put 2 and 2 together.......maybe I made 5!!

by **jimrobo** » Sat May 05, 2012 3:34 pm

just to balance this so people don't think its easy to do this sort of thing I have a friend who trades gold for a top bank whom I saw over the weekend and he casually said he was 3 million pounds down this year!

by **superfrank** » Sat May 05, 2012 4:10 pm

i'd say that financial trading is no easier or harder than trading horses, but the transaction costs for retail traders generally take quite a chunk out of profits. the commissions paid by the bank that the girl in the article trades for will likely be a fraction of those paid by the rest of us.

by **jimrobo** » Sat May 05, 2012 4:27 pm

once you can hit a certain volume though it gets a lot cheaper. I seem to remember the retail e mini guys I followed last year were paying 1.50 per RT. Just because they were a member of the exchange and putting volume through

by **superfrank** » Sat May 05, 2012 4:34 pm

yeah but you have to put thru a pretty large amount of trades to start getting reductions (it's worse that Betfair points!) and exchange membership is very expensive.

by **jimrobo** » Sat May 05, 2012 4:52 pm

even without volume if you trade for example with velocity, if you are a member, its 2.18 per RT between 0-2499 which is pretty decent saving.

by **Euler** » Sat May 05, 2012 5:49 pm

Last time I traded short term on a regular basis I used interactive brokers. What is the favoured route at the moment?

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