RE: PFS Very Near29 Jul 2018 00:57
Noloss hi, in answer to your previous question. As a basic rule of thumb you can make £300 per day with £10k, trading. This can occur in 30minutes or take say 4 hours. You can increase the amount but that will also increase the risk. Money management. Also this can be noticed by the Algo's which may then trade against you. There are hundreds of stocks available for this purpose each day. It's not what you are doing that counts it's understanding how the system works & thus the following: Share pricing, how the order book works, how orders are placed & how orders are matched against them, who populates the order book, the different types of market makers quotes & what their strategy's are. Some of this is obvious ie there are no Funds buying or selling AMC, no Algo's trading in correlation with nickel, no hedge Funds. That's three types of traders activity that you can knock off the list. So in AMC's case that leaves the rest. Looking at the order book you should be able to access what type of traders are placing quotes. Is the stock mainly traded by Pro Algo's or mainly PI's via retail brokers & darkpools. Who populates the registry. It’s not much use just collating the information, you need to know why someone may be holding inventory. What activity is it, just because it’s inventory that does mean that they are investing. If you want to look at someone else’s trading strategy look at youtube there are thousands, but they are usually selling a service why ? To achieve this all you need to do is know how the system works. That being said there is one major market set up element that is never ever discussed in the public domain. You guys are working at this most days so you may as well be trading & making your own luck. Alternatively sit in the stock for years & hope that someone else does the work for you.