DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (10)	6/5/1999 11:39:00 PM
From: Bilow	of 18137

Hi Eric P; Great thread, hopefully we can all learn something. I trade ISLD stocks using the 256ths every day, and this works regardless of the share price. (My usual scalping target is MSFT and DELL. There was a time that my trading house couldn't handle 256ths on share prices in excess of $100, but it handles those fine now.) INCA allows trading on 64th boundaries for the major stocks. Maybe they allow smaller fractions on lower prices, I don't know. Regarding getting in after the prices start ripping: SOES only works for those with the very fast fingers. I use it frequently, but if I am a moment late, I am reduced to preferencing market makers. I've been using the INCA ECN a lot more even though they charge me an extra penny per share because I can make the spread and avoid expensive partial fills. Incidentally, I've usually found ISLD to be the smart money, when you see them running away from the ask you can be sure that the price is going up. On the other hand, the INCA quotes seem to largely come from people who don't really care about the last teenie. -- Carl

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