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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (15545)3/19/1998 9:09:00 PM
From: SJS  Read Replies (1) of 95453
 
Thean: You got a bead on the idea. It does work and saves bucks each turn. It's serious money, those 1/8 and 1/4 after a year of trading.

Let's say you save 1/8 each time you do this. If you do 100 trades a year, it's $1250 of pure saving. Better in my pocket than a MM's.

For those folks that think it can't be done, don't take our word for it. Just try it. You'll be amazed how successful you will be.

1) Use a limit order ever time
2) Try bidding 1/16 higher that the shown bid to buy
3) Try offering 1/16 lower than the shown ask to sell

If it doesn't work, go back to your old method of market orders....
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