Last Change % Change Previous Close 0.0105 -0.001 -8.70 0.0115 Day High Day Low Volume 0.012 0.01 6,208,100 (on 56 trades)
my question--how hard would it be to buy at the bid and sell at the ask for this stock or another stock with a 'large' spread. has anoyone tried trading stocks like this before? i'd liek to kow how hard/easy it is before i actually try it.
posted
i do it all the time but not on sub pennies-- the trick is to put in an order splitting bid/ask and trying lower than 50% of difference but not much--I use Scottrade and get better fills than some others then sell on ask-- don't do this on a downtend--you will get burned--
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Last Change % Change Previous Close 0.0105 -0.001 -8.70 0.0115 Day High Day Low Volume 0.012 0.01 6,208,100 (on 56 trades)
my question--how hard would it be to buy at the bid and sell at the ask for this stock or another stock with a 'large' spread. has anoyone tried trading stocks like this before? i'd liek to kow how hard/easy it is before i actually try it.
I think you buy at the ask and sell at the bid. if you did that, you'd be losing money!