A Simple List of General Do's & Dont's of Trading: Message Board

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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading:

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To: Arthur Tang who wrote (687)	2/11/2000 7:12:00 AM
From: Arthur Tang	Read Replies (1) of 769

If you love daytrading, and you love wall flower even more? In daytrading, two strategy stood out. One is to sell first, the other is to buy first. Do sell at ask price first, if you own the stock, if the spread is wide, and if the stock is a wall flower. Or you take risk and sell first, hoping the price will drop. Market makers like to pick up all that cash in the limit order, when you buy back. Do buy at bid price first, if you don't own the stock, if the spread is tight, and the stock is a wall flower. Watch out when you sell at ask price, if the market makers or brokers do not take out all the limit orders close to the bid price. Don't do any daytrading, if you don't understand the psychology of market makers. And watch out for commissions in partial fills at your brokerage. Bid and ask prices do not exist in NYSE and AMEX stocks. They have tick down and up.

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