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Strategies & Market Trends : Trading For A Living

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To: Rob Davis who wrote (486)	6/20/1998 4:48:00 PM
From: Eric P	Read Replies (1) of 1729

Rob: Welcome to the thread! In response to your questions: 1) I think the number of simultaneous trades that a daytrader holds is dependant on their ability to closely monitor their trades. A trader that typically holds positions for several hours may take 3+ simultaneous trades. Someone who gets in/out in 5 minutes may only keep one position at a time. 2) As far as the number of shares per trade, I imagine most daytraders (myself included) restrict their trading to a minimum of 1000 shares. This is the limit of the SOES system and thus is a reasonable upper limit for this reason. Anything less than 1000 shares will make it more difficult to cover the high commission costs of daytrading. Good Luck, -Eric

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