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ActualCartoonist3 t1_j9vkzds wrote

Reply to comment by daytradingguy in Cathie Wood Continues Coinbase Buying by predictany007

Are you selling covered calls, swing trading, or something else? $1,000 a day seems like a lot, for a $1 move you need a thousand shares.

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daytradingguy t1_j9vmdhm wrote

I trade a six figure account so can trade several thousand shares if I like. I normally trade 500 share lots. Sometimes more. First of all - I sometimes make more than $1 on the move, sometimes less. But often take more than one trade on it per day. The other day it moved up $5 and right back down $5. I caught a couple points each way. My post was just an approximation- saying it had been good to trade.

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ActualCartoonist3 t1_j9vq8vq wrote

Ah got it, thanks! You mentioned a few hundred shares in your post so I thought you were doing this with more like 200 to 300 shares. 500 or several thousand makes much more sense. Good luck to you!

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