OmniVest User Forums
General Discussion Topics
Experience with accounts > $100K
7 replies, 720 viewings
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OmniVest User Forums
General Discussion Topics
Experience with accounts > $100K
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Last Activity 4/15/2019 7:43 PM 7 replies, 720 viewings |
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kmcintyre Elite    Posts: 890 Joined: 10/11/2012 Location: Portland, OR  User Profile |
If anyone can share their experiences with > $100K accounts, I would be GREATLY appreciative. If you don't want to publically post, please email me privately. Thanks in advance. Keith | ||
| Steve2 Elite Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD User Profile |
I think the answer depends largely on the liquidity of the stocks you are trading. My account is set to only trade stocks with average daily volume greater than one million shares. Trading with IB, I have slightly positive slippage with no correlation to trade size. I've made trades as large as 3,000 shares. I publish my slippage data monthly. Check out the following thread: http://www.omnitrader.com/currentclients/omnivestforum/thread-view.asp?threadid=4437&posts=91 Look for the last spreadsheet posted in this thread. On the summary worksheet you will see slippage tables for various types of orders and trade sizes. So, I believe if you trade liquid stocks (e.g., avg daily volume > 1M shares) then you shouldn't have a problem trading a $250K account. Steve | ||
| kmcintyre Elite Posts: 890 Joined: 10/11/2012 Location: Portland, OR User Profile |
I really appreciate your tracking and sharing your trading results. Even a $1M account taking 10% positions in a $4 stock would only take a 25K share entry. (50K shares with 200% margin.) At first glance it would appear the chances of OV moving the price of a "> 1M avg shares" stock would be small. But OV wants all shares at once, at the open. Accumulating 25K - 50K shares of a stock over the course of the day might be doable without effecting price significantly. I'm not sure about asking for it all at the open... So if there are 10 people trading similar OV strategies, all with $1M accounts, all trying to get 50K at the open, it gets really hard to hide accumulation and distribution. I'm not sure how that would effect long term performance in OV. It could be that the price would skyrocket at the open, then fall back on itself obviating the RTM advantage. Or it could be that the large interest would catch the market's attention and start runs on the stock that would further enhance RTM strategies. So far, nobody else has gotten back to me. This may mean very few are trading large accounts. Or it may mean people don't want to share. Or it may mean people with large accounts aren't watching the forum. Or some combination... I guess there is no way to know with certainty if OV will hold up over time. OK. Back to football! Cheers Keith | ||
| Steve2 Elite Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD User Profile |
Steve | ||
| BrianD Legend Posts: 302 Joined: 2/23/2013 Location: Grand Rapids, MI User Profile |
I had overall negative slippage when executing 'non-round' lot (<100 share) trades. Once set limit to minimum 100 shares, both accounts biased positive. Using min 500K vol. FYI, my IB Paper trading accounts of any size ($50K, $1M) always seem to have negative slippage bias. Real time performs better, if that provides you any comfort. However, I agree with your concerns. Hopefully, a nice problem to have. | ||
| kmcintyre Elite Posts: 890 Joined: 10/11/2012 Location: Portland, OR User Profile |
Thanks for the input. So you're trading market (vs. MOO) with a 100 share minimum size. Are you placing orders prior to the open? With a 20K account, no minimum, placing market orders prior to the open, I have been seeing less favorable fills on both the entry and exit. So I switched to MOO Thursday night. Small odd lots don't seem to fair as well. Keith | ||
| John W Elite Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia User Profile |
I've since started an $40K account with MB Trading but no longer have the 500,000 share limit and MB too has had positive slippage. With both brokers I selected 'smart routing (IB) or 'dark pools' (MB), so this may have contributed to the positive slippage. I haven't been able to try GX because they don't yet take foreign clients. | ||
| BrianD Legend Posts: 302 Joined: 2/23/2013 Location: Grand Rapids, MI User Profile |
Not a long evaluation period to be conclusive, but I found small odd lots (under 100 shares) exhibit more slippage from OV stats. I keep it at min 100 shares now. They are still odd, but positive slippage compared to OV stats. I think Steve's results have been a little bit better than mine with 'complete' round lots(100, 200, etc.). Of course, he has to manually enter each trade. I do miss trading in high priced stocks like apple, google. Had some nice trades there... |
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