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Topic: Newbie Question

DoubleAdvantage
New Member

Rate Member

posted

I'm just starting my studying. I do appreciate a lot of the posts recently with links. I'm still going thru them, and learning a lot about charting. I will try not to ask any questions already answered in prior threads.

I'm planning to start paper trading soon, and I have two questions regarding it.

1. When I start paper trading, I will be assuming that I can buy and sell the stocks I want at the market prices. How faulty is this assumption? Is it difficult to complete sell and buy orders?

2. Are trailing-stops effective? Will I find a buyer as the stock makes a downturn? Should I instead make a sell order a little below where I believe it will peak, and not take advantage if it goes beyond that?

I hope my questions are clear. Your responses are greatly appreciated.

Double

[This message has been edited by DoubleAdvantage (edited January 18, 2004).]

Posts: 3 | From: Washington State, USA | Registered: Jan 2004 | IP: Logged |

DOUBLE L
Member

Rate Member

posted

Another double I like it. The only problem in gap is sometimes the ask is the high. There are alot of stocks lets say .05 last trade but you can not buy at this level look at kare. Can you buy at .05 no. It will never fill but chart says it would. I have not looked at kare recently but this was the case.Looked at chart still true. This happens with stocks with low volume alot. I had a bid in at .05-.10-.15 for a week and they never filled. I thought I would buy .05 sell .30. Never worked. High vol. stocks do not have these big spreads.

[This message has been edited by DOUBLE L (edited January 18, 2004).]

Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003 | IP: Logged |

DoubleAdvantage
New Member

Rate Member

posted

Thanks for your response. I will keep to high volume stocks.

Maybe I should change my name.

Don't want to be referred as "that other double"

quote:
Originally posted by DOUBLE L:
Another double I like it. The only problem in gap is sometimes the ask is the high. There are alot of stocks lets say .05 last trade but you can not buy at this level look at kare. Can you buy at .05 no. It will never fill but chart says it would. I have not looked at kare recently but this was the case.Looked at chart still true. This happens with stocks with low volume alot. I had a bid in at .05-.10-.15 for a week and they never filled. I thought I would buy .05 sell .30. Never worked. High vol. stocks do not have these big spreads.
[This message has been edited by DOUBLE L (edited January 18, 2004).]

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"In heaven all the interesting people are missing." Friedrich Nietzsche

Posts: 3 | From: Washington State, USA | Registered: Jan 2004 | IP: Logged |

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