SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : DAYTRADING Fundamentals
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Eric P who wrote (4497)9/30/1999 12:24:00 AM
From: Mark Davis  Read Replies (3) of 18137
 
Interesting post and there is merit in the approach. I do have a real problem with one aspect of your method.

Posting a ' resting' or unmanaged bid or offer leaves you open to any number of 'sitting duck' issues. Granted, we can't always manage our trades live and in person, but predetermining a buy or sell, to either open or close a position gives up an edge.

Let's say you want to sell a stock. So you put it up 2 points above the offer and hope it gets taken out. Well, if the stock gets that high, it may well have good reason to go much higher, so you are giving up that move, and providing someone with 'cheap' stock.

Better to watch the flow and determine the real momentum in the stock. Perfect example would be Amazon today. Someone with as resting sell stop 3 or 4 points above the market just gave their stock away. Had they been managing the trade, it would have been clear that the stock was a rocket and could easily keeep going.

Again, this assumes the time and energy to watch the market.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News