Who trades faster?

[Serhio]

Hi everyone!
I am trader of one of the prop firms located in East Europe. I trade 250 000 shares and make 600$ per day average (NYSE AMEX NASDAQ). The main aim is to make one cent per trade, no more. Want to know what commissions and fees does the firm pay in this case?
Thank you!
By the way, Sterling trader pro is our platform and we use such destinations as NITE and EDGA.

 

[galeonbaster]

please tell more definitely about your technique and please provide us all needed details to start.

 

[Serhio]

please tell more definitely about your technique and please provide us all needed details to start.

Example:
If price is going rise during next few minutes(seconds) then
- bay 1000 MSFT 27.30;
- execution 1000 MSFT 27.30
- immediately sell 1000 MSFT 27.31
The result is 0,01p from share or 10 $ from trade (1000 shares*0,01p=10$) and you must make as much as possible such trades while you expect price to rise up. If the price is going down and there is executed long, so you must close it 27.30,before price move down, and start open shorts in this case earning just 0,01p from each trade. Working hours are 10.00am-4.00pm NY. We do not work 9.30-10.00 because market is to active, and we do not work while important news (10-15 minutes), GDP report, sales report or other.

 

[Shanghai]

Example:
If price is going rise during next few minutes(seconds) then
- bay 1000 MSFT 27.30;
- execution 1000 MSFT 27.30
- immediately sell 1000 MSFT 27.31
The result is 0,01p from share or 10 $ from trade (1000 shares*0,01p=10$) and you must make as much as possible such trades while you expect price to rise up. If the price is going down and there is executed long, so you must close it 27.30,before price move down, and start open shorts in this case earning just 0,01p from each trade. Working hours are 10.00am-4.00pm NY. We do not work 9.30-10.00 because market is to active, and we do not work while important news (10-15 minutes), GDP report, sales report or other.

Wow, where is this mythical broker that will close trades for you just before they go in the wrong direction? It is the holy grail, no stop losses needed.

 

[Talbs!]

I also want the number of this broker !

If the price is going down and there is executed long, so you must close it 27.30,before price move down

How do you close at the price you got in if you have realised the market is going down ? Surely its too late ?

 

[Shanghai]

I also want the number of this broker !

If the price is going down and there is executed long, so you must close it 27.30,before price move down

How do you close at the price you got in if you have realised the market is going down ? Surely its too late ?

Aww you're just being mean now. I bet the system backtested beautifully though with zero drawdowns!

 

[Serhio]

Wow, where is this mythical broker that will close trades for you just before they go in the wrong direction? It is the holy grail, no stop losses needed.

No stop losses needed! What I'm trying to ask you: anybody knows anything about this?
If you lose the chance to close your long at bid price, before it changed, or short at ask price, before it go up, than you will get loses in 0,01p or more per share depending on how much up or down price was gone. We just use hot keys to manage orders, no stop losses needed. No one use any fundamental or serious technical methods to analyze the market, just emotional and simply watching, for example, S&P momentum movements, proportions of supply and demand on the market at the moment using Level II of "Sterling Trader Pro".
Thank you, Shanghai.

 

[Serhio]

I also want the number of this broker !

If the price is going down and there is executed long, so you must close it 27.30,before price move down

How do you close at the price you got in if you have realized the market is going down ? Surely its too late ?

I also want!:clap:
Watching S&P, and level II changes, you can predict a little the behavior of the share you trade 2-3 month. Only this methods, no one of traders has special education or even read any book on this topic, no one!
Thank you, Bund!

 

[Talbs!]

Hmmmm well generally your going to have to be bloody quick to flip your posi and get short from a long and wrong position. Cant see it myself but good luck too you if it does!

 

[Serhio]

Hmmmm well generally your going to have to be bloody quick to flip your posi and get short from a long and wrong position. Cant see it myself but good luck too you if it does!

Trade2Win Forums > Methodologies > Level II > Making $150,000/ month trading US stocks. That is what i was trying to tell you about. Finally I found it!:clap:

 

[Talbs!]

whistlingWe werent questioning the point of making that a year, it was the point that u get in and out at the same price if market starts to change direction

 

[Serhio]

whistlingWe werent questioning the point of making that a year, it was the point that u get in and out at the same price if market starts to change direction

Right. Don't know why you can't understand, I will send you some screen savers today.
And try to explain once more
My hotkeys:
F1 - buy on bid
F12 - sell on ask
F11 - sell on bid
F2 - buy on ask
So pressing F11 I close my long on bid (the same price if market starts to change direction), F2 close my short on ask.

 

[Talbs!]

Right. Don't know why you can't understand, I will send you some screen savers today.
And try to explain once more
My hotkeys:
F1 - buy on bid
F12 - sell on ask
F11 - sell on bid
F2 - buy on ask
So pressing F11 I close my long on bid (the same price if market starts to change direction), F2 close my short on ask.

Right so say you get filled on the bid then i sell 10,000 lot clip ! How u left ??? No way would you get out on time !

 

[Serhio]

Right so say you get filled on the bid then i sell 10,000 lot clip ! How u left ??? No way would you get out on time !

Thank you for attention.

 

[Talbs!]

Thank you for attention.

What happens now then Serhio ? Your long and market is a few ticks lower ? how do u get out flat ?

 

[Serhio]

Dear Gekko, I really appreciate your interest but I can do nothing more for you to understand. May be sometime you discover how to close order before price change(it is not holy grail, believe me).
May the joy be with you!

 

[Talbs!]

Someday ? well its been over 10 years now ! We trade different markets, but im not quite sure u understand ! You must be a millionaire 10 times over if u can buy at a price and then a trade which u do not know about comes and smacks your market you can get out at the same price, it is the holy grail and if you let me know when your trading perhaps ill prove it to you .

 

[arabianights]

I think this is a language barrier rather than anything, just sounds like a scalper

 

[Serhio]

Someday ? well its been over 10 years now ! We trade different markets, but im not quite sure u understand ! You must be a millionaire 10 times over if u can buy at a price and then a trade which u do not know about comes and smacks your market you can get out at the same price, it is the holy grail and if you let me know when your trading perhaps ill prove it to you .

Ok, you persuaded me, I'm stuped)))) I'm not millionaire, but my employer is. Have a nice day!

 

[vitetg]

Ok, you persuaded me, I'm stuped)))) I'm not millionaire, but my employer is. Have a nice day!

Please let me know how can i contact your employer to apply for a job ? what city what country ?
what phone number ? Are You still employed there ?
Can you help me with that ? thanks for a reply