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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Harry Ehrlich who wrote (1116)11/22/1997 5:47:00 PM
From: TFF  Read Replies (1) of 12617
 
Harry: Wide spreads can be good (with stocks that are VERY liquid) if you are patient and wait for someone to fill you at YOUR price. Many times novice traders buy/sell at market on stocks with wide spreads and get creamed by the market makers. Take a look at AMZN. It tends to have a huge spread, but I have had alot of success daytrading it simply because I let the market come to me. If I don't get filled, oh well, many other fish in the sea.

For stocks with tight spreads(for example NYSE listed shares) going market is the obvious way to go.
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