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Re: hoghead 1 post# 20107

Thursday, 05/19/2022 6:30:54 PM

Thursday, May 19, 2022 6:30:54 PM

Post# of 30829
Hoghead,

ASCM only works the current active (high volume) stocks. You are correct on several fronts. They do act as the "AXE". Depending on how the stock is running if you follow them you can make money trading your position. You do need L2. I have my account at TDA and use the Thinkorswim platform. L2 comes with it, no charge.

I trade 250K lots, sometimes more. Before I started trading this way as a compliment to my trading, I scoffed at the idea. "$50-$100 isn't worth the time". Then I started looking at it differently.

Sell 250K at 0.0035 and buy back at 0.003 profit is ~$110 comm and fees already figured in. That's 36K shares you can add to your position.

I only trade this strategy with shares that are in a profit. That way if the stock moves up it's a forced profit taken. It also eliminates creating wash sales.

This is better for me than to just sit on a position and wait it out for the run. As we have seen with XALL, it can take a long time.

Below is a profit spreadsheet, comm and fees already figured in.