It is a tough business for small traders. You need volume to compete with big guys. You need the math models, but even assuming you have them, the packaging of securities is important. Buying and selling spreads kill you,
The average spread on the NYSE’s electronic Arca platform is about 3 cents for larger capitalized stocks and as much as 9 to 10 cents for smaller cap stocks. You are looking for gains in pennies.
This is no game for amateurs who never stop trying to beat the odds.
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