Bubba1 

I can look up the size of their trading account (also known as net capital) in their financial reports for you and will do that tomorrow. I have followed them for years. Doug, the CFO of Virtu, has talked about the risk of each trade and the subsequent reward. He understands well that it is not how much they make in profits. Rather, it is how much risk they must take in order to make the reward. His partner, Vinnie, was originally a floor trader at the NYME. They started with a small and proven strategy that they iterate. Virtu had just a few losing days last year says Doug.

Joseph Connors 

That is very nice: $579K/Day profit! Now, what is the size of their trading accounts?

Their net capital dec '21 was 536M. So they made ~25% return of their capital in the year?

goodoboy 

Thank you Budda1, for explaining. Are the scalping? Looks like it. I scalp as well. I agree with Doug, it is about the risk when you lose per trade and getting those wins back.

If you think they are scalping, and you therefore think you have a chance because you are scalping too, you are sadly mistaken.

You are not playing the same game they are. Or even the same sport. Not even close.

From what I've (not seen), the retail scalper is a unicorn, hanging out with Bigfoot and the Yeti.

I wish you good luck with your scalping though.

goodoboy 

Hello Trend Trader; Finally someone who thinks like me. Thank you. I agree with this statement. I do not even see the point in trading the futures market if I can not trade big size on ES or MES and make money trading every week. The stress and effort, would not be worth the reward. In addition, trading the future markets for a living sounds a bit not interested and marketing. I say, trade the futures market the rich as possible. I agree, the goal is to make money every week in trading futures market.

Street Smarts: High Probability Short Term Trading Strategies by Laurence A Conners and Linda Bradford Raschke is an out print book with some excellent trades. Thanks for the positive feedback.

Yes, Goodoboy, I am a scalper and my average trade was just over 2 minutes for today. I enclosed my performance report which shows 48 trades and is a decent size sampling of my small puzzle strategy. Most important is the money management with 66% winning trades and my AVERAGE WIN is bigger than my AVERAGE LOSS. I am old and iterate a few simple patterns only.
2023-01-26_ES and 1253 performance data

artemiso 

And indeed, many of my friends who are accomplished traders or portfolio managers at work have 6-8 digit personal brokerage accounts with 90%~, in one case 100%, of their account in just 1 ETF tracking the S&P 500.

They don’t swing trade this ETF? Just buy and hold?






Sent using the NexusFi mobile app

Joseph Connors 

That is very nice: $579K/Day profit! Now, what is the size of their trading accounts?

They are liquidity providers for the most part. That means they make money on every transaction, not necessarily from trading.

phantomtrader 

They are liquidity providers for the most part. That means they make money on every transaction, not necessarily from trading.

You, sir, are a dream crusher. LOL

kevinkdog 

You, sir, are a dream crusher. LOL

I know. I have been known to rain on parades.

58LesPaul 

They don’t swing trade this ETF? Just buy and hold? Sent using the NexusFi mobile app

Yes, buy and hold.

artemiso 

Yes, buy and hold.

For over a decade now active management has been destroyed by passive/index investing (excluding fees). I subscribe to the school of thought that the implications of that are bad for the market. We will see.