326 trades in one day

Dentalfloss

Legendary member
63,404 3,726
has any member done 326 trades in one day as per the etrade ad in this edition of traders magazine.this equates to 3 grand in comission to etrade. no wonder they published his picture.
am taking enough viagra i ask myeself.
i would like to hear from any trader still living who has done more than a hundred trades in one day.
did you make a lot of money or did you give yourself a nervous breakdown
 

stevet

Established member
917 5
what were the trades in - and was it 326 opens or 326 round turns - 326 transactions or 326 contracts?
 

Dentalfloss

Legendary member
63,404 3,726
no idea stevet.it musthave been.163 round trips.he must have been intraday to have this number
 

mmillar

Guest
330 5
there was a presenter at an updata (?) conference a while back who did this number of trades. he did a (crap) demo on stage - he just bought and sold every few seconds. said as he got older he was trying to cut back to about 100 trades per day!

each to his own.
 

Sharky

Admin
5,635 415
326 nicely tallies with the slogan ... ' whether you trade 326 times a day or 3 to 6 times a days' used at the bottom of the ad, so I suspect they used a bit of creative license.
 

stevet

Established member
917 5
a more interesting figure would have been to hear how many bucks he made on his trades !

we know etrade get to earn interest on his margin monies ( do etrade pay out interest) , and we know they got 3K in their pot - so etrade are doing well!
 

zow

Active member
136 0
If I'm in the mood and the market is active I can easily do 200+ round trips in a day.

It can be very much LESS 'stressful' than 'normal' trading (whatever that might mean to you) as you will invariably be holding any one position for a very short time - minutes if not seconds.

This is using direct execution futures, and even if I buy at one price and sell for half a tick higher I will still make money net of all commission and fees. I would NEVER consider doing it on UK equities or even CFD's at £10 a go - that's just making the broker rich.....
 

Naz

Experienced member
1,391 24
I havent seen the ad.However i've a good idea i know who it is,because i heard a rumour at e trades offices that he was going to do an e trade ad.

If its the trader i think it is,he uses e trades Nasdaq level 2, lightspeed platform.

Believe everything you read because its true, i traded in the city with him.
 
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Naz

Experienced member
1,391 24
Yes Scooby,

He's the Guy i told you about.He dosnt use charts at all,just Nasdaq level 2.E trades lightspeed platform to be precise.Probably the fastest level 2 platform around.

I dont think he ever does much less than 300 round trips a day in Nasdaq stocks.Is he profitable? you bet he is.
 
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Dentalfloss

Legendary member
63,404 3,726
according to the advert his name is RAHIM.he looks about 30 ish.
does he have any strategies or is it instinct.how much capital has he put in.how much is he outstanding of his own money at his peak time
is it rocket science or can all of us trade in the same way.
naz can you give us 1-2-1 to trade this way
 

stevet

Established member
917 5
i understand that rahim is a top equity trader - for sure got to be top private in the Uk - a major trader who has been doing it for years

if you can get him to do a one to one course for you - sell the car, mortgage the house, and go for it

but bear in mind -a real trader is doing a trade per minute when he's on heat - so you better be good at keeping up - and hes not gonna be teaching you and losing money at the same time!

and lightspeed gives you direct and special access into nasdaq - but you pay for it - but speed and information is key in this business
 
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Naz

Experienced member
1,391 24
Yes, thats my old trading colleague.

You have to be a Nasdaq level 2 scalper to understand how he trades.It is not rocket science and i can point people in the right direction.

However he is brilliant at what he does.He has total belief in the Nasdaq level 2 screen giving him an edge and seeing the moves start before others can.

Although most people couldn't be as quick as he is, its still possible to read the screen and take the move whilst others are dreaming.
 
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zow

Active member
136 0
qaza said:
zow

which futures contract are you trading ?


I no particular order I trade:
Bund, Ftse, Eurostoxx, Dow, Dax ..... but anything that was liquid, active and cheap to trade (commissions-wise) would suit me.
 
 
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