| slhall |
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Gold User, Member, Platinum User, TeleChart
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| Registered User |
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| Unsure |
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| Saturday, March 12, 2005 |
| Sunday, July 16, 2006 9:05:19 PM |
17
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As GG says, not many Platinum folks hang around out here. I have both my brokerage real time and esignal, but I would not give up TCnet. Just the chat in the First Wave club more than makes up for the cost.
Yes, there are lots of short sellers, option players and future traders. Many of whom trade full time.
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"Buyers and sellers are matched by their bid and offer. You cannot place a market order to buy or sell so there is no one but buyers and sellers controlling the spread."
Just so. The problem is lack of volume. You can see the same kinds of spreads during the day on thinly traded stocks.
I don't trade after hours nor on stocks that have less than a 150k average volume because of the large spreads.
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I think some of them are, but don't know for sure. However, the clubs are full of active traders. I am in the First Wave club every day during market hours.
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Check out the First Wave Club.
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My Advanced GET softwave doesn't see a EW count since last fall unless I use the Aggressive settings and then it says that it is in a Wave 4 down, but unlikely to make a Wave 5 up.
A daily chart shows that it bounced off the 50 bar SMA on Friday, however, a 2-day chart shows that it is in the middle of a Snap Back Down (see First Wave Club). I am going to watch what it does Monday. If it breaks the 50 SMA at 10.26, then I think it is going down. Note the 200 SMA is at 9.17.
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This looks interesting. If it pulls back to the 20 bar moving average at 0.61 or the 50 at 0.52 and then bounces back up and if the chart looks good then,it might be a long.
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You might find the Advance-Decline Indexs useful. For example, look at $NYAD. If there are an equal number of stocks on the NYSE advancing and declining, this index will be 0.
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If you want to meet people who trade for a living, upgrade to the Platinum Service and join some of the clubs. They are full of all kinds of traders that are making money.
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[quote=garybluemel]Wow i never thought i would get such a tremendous response to this subject.
I purchased 1,500 shares of rita at the market.
The bid was 4.26 and the asked was 4.31
I paid 4.33 yes i did take the stock higher by buying at the market....
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RITA will probably go up on Monday, but it is very close to being over brought. It may well pull back to around the $4.20 area before it goes up. I would probably put a stop loss around $4.00 and let it ride for a few days.
The volume in the last two hours Friday when you bought was over 150,000 shares. Your 1,500 share order didn't have much effect if any on the price.
99.9% of my orders are market orders. The only time I use a limit is when I am worried about a gap, usually just after opening.
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