|
PureBytes Links
Trading Reference Links
|
> Could you give your opinion as to the number of contracts (SP's) and the
size of an account in dollars that one should have to expect some respect
from the floor and to get good fills?
>Tom
I'd say if you ever trade 50 SP's at a whack they take notice. The most I
ever traded for my own business was 150, I trade very lightly now compared
to that. But the reputation still lingers so I get good fills. Here is
something that is a little inverse, when I worked for a large firm we would
trade 1500 + up to the max position sizes for a single day. In this case I
saw the size work against us. We "NEVER" were the top or the bottom, we
were the dead middle of the market.
I believe that 25 to 150 is a really good number of SP's to trade, its
compact enough to move fast and its impressive if you turn that 80-160 times
a year. Where as the larger guys are less frequent. Frequency has much to
do with it too, as well as the type of orders and control that you give
them. I always give all my brokers some room to move it on their own. It
makes everyone work as a team, rather than to give a hard price. Sometimes
in a slow market I do price it in and have used FOK's and all or none.
MB
|