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: Rick Slemmer who wrote (1402)	8/8/1998 11:44:00 PM
From: Rick Faurot	Read Replies (1) of 2120

Even if getting filled means the stock is going the wrong way, if I believe in the trade and am committed to buy, then if I can buy the bid I've beat the spread right off and if I have to stop out, I am that much closer to flat. The book Electronic Day Trader talks about buying at the bid and selling at the ask and suggests it's a good idea. And I have been wondering for a while when I see prints at the bid who is getting buys there and how? The more I think about it the more curious I get. I know MMs can buy the bid at will. Is that what shows up as prints at the bid? Rick Rick

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