Re:Ask HN: HN Any way for individual to gain access to Dark ...
by markus_zhang on Wednesday May 20, 2020 @07:32PM
(#23253265)
Some more fun facts:
Back then my best stock was CIM (still alive as of today) as it moved very slowly during the day. I was only good at scalping i.e. you add liquidity on both sides of the trade and hopefully they got filled at the same time, a bit like market making but in reality not the same.
CIM was really suitable for scalping at that time and I was really good at it, so they raised my limit to 10 or 20 hands per trade (you start from 1 hand and gradually move up), but then they told me that CIM was pretty much capped around 10/20K per trade so I need to learn other techniques. I tried some momentum trading but lost all the $$ I won so I quit after a few months.
I still remember they told us that I need to find something that has at least 1 million per day and less than $10 while moving slowly during the day, so that the liquidity is good and we don't lose much if a trend hit. I also noticed that whenever my order got filled quickly I was on the wrong side of the trade, so I learned a bit about tape reading and improved my revenue. The other stock I traded was NLY but I lost badly on that one.
Back then my best stock was CIM (still alive as of today) as it moved very slowly during the day. I was only good at scalping i.e. you add liquidity on both sides of the trade and hopefully they got filled at the same time, a bit like market making but in reality not the same.
CIM was really suitable for scalping at that time and I was really good at it, so they raised my limit to 10 or 20 hands per trade (you start from 1 hand and gradually move up), but then they told me that CIM was pretty much capped around 10/20K per trade so I need to learn other techniques. I tried some momentum trading but lost all the $$ I won so I quit after a few months.
I still remember they told us that I need to find something that has at least 1 million per day and less than $10 while moving slowly during the day, so that the liquidity is good and we don't lose much if a trend hit. I also noticed that whenever my order got filled quickly I was on the wrong side of the trade, so I learned a bit about tape reading and improved my revenue. The other stock I traded was NLY but I lost badly on that one.