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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Jon Tara who wrote (8044)4/27/2000 3:48:00 PM
From: Jon Tara  Read Replies (1) | Respond to of 18137
 
I'd love to see some discussion of pre-market trading in general.

My broker recently started doing online pre-market trading through Island. (And doesn't SelectNet open at 9:00? So I might have that route as well - just haven't tried it.)

Previously, they only offered after-market trading through INCA, and you had to call them on the phone to do that. They still don't offer post-market online.

Anyway, it seems that most of the emphasis on off-hours trading has been on post-market trading. Also, post-market trading has been typically more accessible to individuals than pre-market.

It seems to me there may be some unique opportunities in pre-market trading. In particular, you have the advantage that, while it is a thin market, it is immediately followed by a very robust market. (So robust, that you have to concern yourself with slow execution speed...) In post-market trading, you have a thin market followed by NO market (until the next day).

Anybody doing a lot of pre-market trading?



To: Jon Tara who wrote (8044)4/27/2000 7:55:00 PM
From: Dominick  Respond to of 18137
 
Jon Tara:

<< it took 3 minutes to execute my market order to cover. >>

Was that an island order? Island is usually instantaneous if the price is right.

If I have a lot of shares, I enter a limit order a couple of levels below best bid. This ensures the order is worked from the top down to the limit price.

Regards,

Dominick