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In a message dated 9/12/99 3:09:42 PM Pacific Daylight Time,
imacauslan@xxxxxxx writes:
> Another observation in considering trading the spiders intra-day I'd
> make is the bid-ask spread is sometimes extremely wide ( 3/4 of a point)
> leading to potentially disastrous slippage in the event you use a
> trailing stop or have to "whack the bid".
3/4 of a point right now on the S&P is about .05 %. I can understand that it
may be financially disastrous, but it is fairly reasonable when viewed from
afar. It would be like having slippage of less than 1/16 in MSFT at current
prices. Or your computer vendor moving his price up or down 50 cents from a
$1000. I think you just have to deal with it.
My experience with moving averages and the S&P is that they are of value
after you match the appropriate average to the proper time frame niche.
Bill Wynne
SmartTrades.com
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