A few questions regarding scalping and basket trading

Discussion in 'Professional Trading' started by aalluubbaa, Oct 6, 2011.

  1. I've been trading for 3 years and just started to realize how little i know my software. I'm using Sterling Trader pro but I think this question should be rather universal.

    1. What are (bid%), (ask%), (last%) or (Yclo%)? Can anyone give examples?

    2. What are index, index divisor, delta, and multi? I have no clue what they do to affect my basket price or share sizes.

    3. I'm trading low volume stock usually. It seems to me the dark pool has been the trend now for execution. Instead of using different ecn route to "guess" where the orders may be, is it possible to use a single ecn to scan thru dark pools? I have a hotkey set for axfinder, nixdark, and a couple of others. but its still a pain in the butt to try to get execution.

    4. Is it possible to auto-convert stock which are not shortable to "sell"? it is quite annoying when some stocks cannot be shorted and i have to use my rarely used hotkeys to sell them.

    Thanks for any insight!
  2. Sterling is awful.

    Better to use Lightspeed.

    Same functionality