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

To: LemonFlavor who wrote (8883)	6/12/2000 10:10:00 PM
From: Threei	Respond to of 18137

Well, if issue is liquid enough it's easier to enter (exit) than on thin one... I never really tried to do statistics on execution. Sometimes I miss 7 out of 10, sometimes I get 9 out of 10... there is pretty fine line between "too early, thus uncertain" and "too late, no chance to get filled". The best scenario possible is, you take last 1000 shares off the ask and stock uptick right after your print (oh sweet dreams :)). May be SuperSOES will change things to the better, although I am not too optimistic about it. BTW, one addition to the post. When I say downtick I assume there are two kind of it, let's call them "trading downtick" and "accidental downtick". By "accidental" I mean: stock went up from your entry point 20 1/8, trades 20 1/2 x 5/8, strong bid. Someone puts 9/16 bid and gets hit. 1/2 is still strong bid and buying continues. Formally it's downtick, practically I wouldn't let it make me to sell. "Trading" downtick is real: selling hits the bid, ask is getting stronger, bid is thinning. This is sound reason to close scalp trade. Sorry if that sounds too obvious but there is always someone who takes it all too literally :) Vadym