Momentum Daytrading - Tricks of the Trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack Chen who wrote (1609)	10/18/1998 12:20:00 AM
From: Dave O.	Read Replies (2) of 2120

The brokers you mention will display the best bid and ask prices - unless you have Level II quotes. Then you'd see something like this: On the bid side: NITE 29 1/2 10 GSCO 29 1/2 20 ISLD 29 1/2 10 MLCO 29 7/16 8 RSSF 29 3/8 10 MASH 29 3/8 50 HMQT 29 1/4 10 and so on. Level II shows the best prices from highest to lowest on the bid side as well as the size they are committed to. For example, Goldman Sachs (GSCO) wil buy 2000 at 29 1/2; MASH 5000 at 29 3/8. On the ask side you might see: MASH 29 9/16 20 HRZG 29 5/8 10 GSCO 29 5/8 10 INCA 29 3/4 99 HMQT 29 3/4 10 Here MASH has 2000 for sale at 29 9/16. If they get hit then the ask moves to 29 5/8 unless someone steps in and offers (updates) to 29 9/16. GSCO or anyone else could lower their offer once MASH is taken out. On your comment on showing the same price; that's right, unless someone steps in and offers lower (or bids higher). For example, someone could come in and bid 29 17/32, improving the bid by 1/32 and that would then show up as the best bid on a Level I screen. Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next