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.
Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheBare who wrote (1970)5/5/2001 3:22:34 AM
From: David Shie  Read Replies (1) of 2045
 
Some strategies you may want to try:

(1) SNET one of the MM's on the ask (preferably the one who seems to be consistently on the ask, since that MM may be trying to build a short position and will be more likely to sell you the shares)

(2) Pick heavily traded securities, since INCA or ISLD will tend to be on the ask much more often and can be easily hit (as is true with most other ECN's).

(3) Time your entry point: enter during brief pullbacks in a strong uptrend. When pullbacks occur, you'll generally be able to enter a trade on the bid or below because of brief panic selling. This is a more risky strategy, but will all but guarantee you an entry.

(4) In a strong uptrend, there's nothing wrong with sacrificing a few pennies and hitting an ECN offering 1-3 pennies about the spread. Remember that in the "good old days", the 1/16 spread amounted to about a 0.06 slippage, so the effective 0.02-0.04 slippage this strategy entails is still a good deal.

Hope this helps.

david
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