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Sunday, June 20, 2010 6:31:22 PM
I can't tell you how many serious traders tell newbies to buy at the bid, as if that is some money-making method of trading, it isn't. It does nothing but create bag holders. It is the one sure way to stop a run, and to those who think that you are providing "bid support" by bid squatting, you don't. "Bid support" occurs naturally from slapping the ask. That is what drives a bid and ask up at the same time. Bid squatting sends both the bid and ask down, down, down.
Pay the ask, we continue upwards, sit on the bid and you deserve to hold a bag and you will hold a bag, I can guarantee that with a huge amount of certainty!
Buy at the ask, when we get the big news! SUPPORT THE RUN, PEOPLE!
GLTA, h2h
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