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Technology Stocks : DELL- DAYTRADERS ONLY
DELL 160.97-1.6%3:59 PM EDT
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To: Bilow who wrote (14)6/5/1998 9:04:00 PM
From: Dan Celestino  Read Replies (1) of 36
 
Hello Bilow,

I've read your posts about daytrading and have a question regarding you "buying at the
bid and selling at the ask".

I was wondering how common "buying the bid, selling the ask" occurs?
Is this something your daytrading class recommends or is SOES the preferred method?

There are many internet brokerage firms offering direct orders to the nasdaq markets
which I guess theoretically should give you this advantage. I was thinking about joining
one of these firms but the commission seems steep ($50 round trip). For these type of
commissions I would expect 9 times out of 10 being able to "buy the bid, sell the ask".

Thanks for any insight

Dan
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