Day Trading Advice: Capture The Spread

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Uploaded by on Jun 4, 2008

In this video from Lightspeed Trading (http://www.lightspeed.com/individual.aspx) 's Trader Talk Series a successful trader goes over what you need to know before you buy a stock and how to capture the spread to make money.

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Uploader Comments (LightspeedTrader)

  • Not really..A CFA is more around Financial Anlaysis and not the technical analysis that active traders in equities and futures use.

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  • For whatever this is worth b/c this is an old question.

    @kellyfortune I think what he meant was you could save money on the commissions if you wait for the price to come to you, rather than buying at the ask. You can disguise the amt of shares on Arca or hide the bid on Island

    I'm not that familiar with the Lightspeed platform, I tried it yrs ago but had connectivity issues, then switched to Instaquote but then I'm tired of paying platform fees, I'm thinking of going back to Lightspeed

  • @cywongdigi1984 Did you ever work it out? I also just dont really 'get it'. If a stock is 22.50/22.55, do you put a limit buy in at 22.51 and a limit sell in at 22.54 and that's it? s that capturing the spread? It cant be, can it? That would just be too easy and free money. If you are doing it now, can you explain to better to me in a message maybe?? cheers

  • @donkeyalane LOL

  • I use a formula a kid can use on a calculator, I don't short it, I don't long it. I buy on day one and sell on day two, worst performer gave me +22%. ohh the tax man cometh!!!!

  • Why would you trade a stock that is trading 16.50 X 16.75 ......I mean if its in high demand then thats one thing (news hits,etc)....But if your just day trading that, than good luck.....Thats a nastyy spread...I usually do not trade stocks that have a spread worse than 4 pennies....But nonetheless, the guy gives good advice... (btw I am a lightspeed client)

  • You have an excellent way of simplifying the market and articulating the psyche of a successful professional trader. I really enjoy your videos, thatnks for taking the time to post them.

  • I am trying the platform. It looks great for me

  • Could you guide me though how it can be done. I am trying the platform now. I got no clue how it can be done. Thanks.

  • Could you teach me how to do it. I am trying the platform now. I can't figure out how it can be done.

  • Couldn't you wait 2:96 to drink?

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