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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?


To: Eric P who wrote (1534)4/4/1999 5:20:00 PM
From: dpl  Read Replies (1) | Respond to of 1729
 
> I wish I knew the secret to getting fills at the inside bid or ask in a fast market. It
would be worth a million bucks!<

There is no trick.You buy/sell against the grain.I go through a broker who sells order flow and have even bought at the low of the day.Your order has to be in beforehand.



To: Eric P who wrote (1534)4/11/1999 12:40:00 AM
From: bob wallace  Respond to of 1729
 
Eric

excepting something really wild like ktel in its heyday, it is my experience that most rapidly rising stocks do so in fits and starts

the faster the "woosh" up the more likely a brief, but definite, correction, which allows you to get in near the base of the last such spurt

yhoo and gnet - two stocks that I trade - are quite consistent in this respect

however, I will be the first to admit that I loose faith sometimes before these little "corrections" are over and get chased out of my position - usually to my regret

so - getting the woosh is probably impossible, but getting a strategy for getting back in after the woosh has died down is probably not [impossible]

oh, and if you observe - many times there is a deathly quiet period just before the initial woosh starts [there are few if any quiet periods during the retrace] - and it always seems to me that in the time it takes me to identify the quiet period, react to it, the opportunity is over - perhaps your monitor can handle that