SI
SI
discoversearch

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 : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: hpeace who wrote (1115)11/22/1997 5:33:00 PM
From: Harry Ehrlich  Read Replies (1) | Respond to of 12617
 
Question on wide spreads:

I recently saw a post where two day traders were exchanging stock picks that typically traded with a wide spread. I got the impression that they felt this was a favorable condition and that they like to trade stocks with high spreads. I did not understand this. From my point of view, a wide spread means an immediate loss. If a stock has a 3/4 point spread, that's a lot to overcome before making a profit. And if the stock moves against you slightly, you're already out a full point.

Can someone shed some light on this for me. Thanks.

Harry



To: hpeace who wrote (1115)11/22/1997 5:40:00 PM
From: TFF  Read Replies (1) | Respond to of 12617
 
Steve: >>>This isn't a day trade strategy.

Thanks for clarifying that Steve. I like to keep this thread strictly for discussing daytrading strategies, so I was trying to clarify if your strategy was in fact a daytrading strategy before I spent time studying it.

Thanks.