Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: William W. Dwyer, Jr. who wrote (914)	4/8/1998 10:13:00 PM
From: Darren	Read Replies (1) of 2120

>> Buy at the Bid, Sell at the Ask With regards to Cybertrader -- One pattern you might find useful is: SOES in, Island out. Pay the Ask, sell the Ask. Just be careful with Island -- you could end up with split fills, which tend to do nothing more than make you real mad. You can always "Smart Market Sell" if you begin to panic, or if you don't want to change the share sizes, etc. CT has a feature that finishes the offer automatically, but it usually doesn't hit, and you have to do it manually anyway... Also, in terms of buying on the bid, I have more success with Selectnet than Island. My ideal trade is usually a SOES Buy and a Selectnet sell. This message probably doesn't belong in this thread, but if you have buying options with your trading system, you might find it useful.

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