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 (626)	6/2/1998 8:36:00 AM
From: Arthur Tang	Read Replies (1) of 769

Daytraders' night mare. All politics are local; all trading is local at your brokerage. Prices are different at different brokerages? You bet. Oversold and overbought is local. Do it with a small house, you can swing the price much more. But internet brokerages are too slow to notice large demands on any stock; so some time volume has not effect on price. Partly due to buy and sell matched perfectly. Typical example is Quarterdeck with 32 million shares traded in one day, and Brian Finnerty at Unterberg (market maker of quarterdeck) never move the price. They did not have the customers trading the 32 million shares. Good luck with your daytrading, watch the "on balance volume".

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