TRUE OR FALSE?
There is no such thing as buying at the bid and
selling at the ask on demand on a consistent
and regular basis.
My question is: Is there any such thing in the market that is on demand, consistent and on a regular basis? <ggggg>
Right, you are dealing with a market, so you need another trader to think just the opposite of you, or you ain't getting a fill.
It is so so much easier to get a fill when you are one of the first guys to decide where a stock is going next, as opposed to being one of the last guys. Partial fills may be the market telling you that ... you hesitated ... you are late ... you almost got your pocket picked.
Every dollar you make has to come out of some poor bastard's pocket, right? Is it that unbelievable that you can often buy on the bid the exact same shares that someone is just dying to sell in a panic?
The quickest fills I have ever seen are the buys on the bid when I am covering and the trader that hits my bid is convinced the stock is going to zero. The confirmation comes just a split second before you hit the button!
When I cover a short that has gone well, it is nearly ALWAYS bought on the bid. Sure some times it will tick down further, but the idea is that the selling is still happening.
The worst is missing that rush of sells to get covered only to watch the elastic contract and then have to chase up an hit the ask to cover and "waste" a big chunk of profit.
Beating the spread is not a magic bullet, but it is very "doable".
By the way, other than ASND, every stock I saw this morning was a great open short.
Even on a record up day.... there are always opportunities to
Sell High
and
Buy Low
<gggggg>
good luck tomorrow
Up another 400 points tomorrow ??
LOL
funk
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