How did you trade the SPI today?

MRC & Co said:

I wouldn't even watch it at the moment, it's completely dead.

I traded it, but only took 11 ticks out of it. Pathetic.

Usually, best time is anytime except for around 12-3pm. But of course, some days, it never stops and others it dies earlier and never comes back to life except after 4pm. Today, it was pretty much dead from the beginning. Would hate to see it the next couple weeks, luckily, I won't be watching it for one second in those times! Time for a nice, relaxing and festivity packed holiday!

Maybe start watching it again around mid-Jan, should be getting a bit busier again by then I would think.

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MRC & Co said:

Yeh, so $275 in total.

Yeh, during lunchtime, volume dries up. Makes it hard for me to read the flow. Some lunchtimes lately though (before Dec), got very busy and were perhaps the best time to trade.

Though, sometimes at lunch, you get wider spreads and little movement, so you can take flicks, placing limit orders on one side infront of a big of size and another limit order on the other side once filled on the first. I only do this with 1 lot and sometimes 2, you will see me in there during lunch sometimes. You will see a flick and then an order appear on the other side. Just taking flicks off the retailers who don't use the price ladder.

Other times, lunch can trend with few counter ticks, but very very slowly and painfully. In these times, your probably best giving it a bit of room to move and trying to run it.

At pre-open and close, you get momentum moves and have to trade very carefully.

All other times of the day, it's a mix of the lot. But it has a bit more normally push and pull action, so it behaves a bit more 'normal' and you feel a bit more comfortable reading the general 'flow'. At least that is my take.

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jersey10 said:

Great insights.

Cheers MRC.

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