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

To: Susan Saline who wrote (4664)	7/11/1998 11:14:00 AM
From: Ron McKinnon	Respond to of 12617

Paper trading >>Sue ... realism is a lot harder than pretend truer words never spoken paper trading may be very close on high volume big caps but not on illiquid ones for ones like UCMP that hit the day trading "channels" and may move a tic or more a second people are in or out in seconds using "soes" or other virtually instantaneous methods with a "regular" on line broker we often need to buy or sell at 1/16-1/4 over/under the bid/ask price to get an execution unless you use a market order which is the worst thing you can do; unless one just plain wants out at any price the only other way (something I do often) is simply pick a sell price up somewhere and enter a limit sell order BEFORE the price gets there; that way a fill is for sure if the bid hits/exceeds the limit price if the stock keeps going up from there of course you may leave a ton of profits on the table but at least you get out with a profit or alternativly, put a stop sell in under the present price and if the stock keeps going up, continually increase the stop price this day trading stuff ain't easy in the real world thus is the reality of playing "runners" in the real world vs in theory in a paper trade