it's NOT essential. might be useful (for you it obviously is). if you're trading for that initial ten cent thrust, you're right, without a bullet you've missed your move.. but for anything longer than that, you will get your chance to get in (90% of time).. and at a pretty good price too.. it's just bullshit to say you won't.
than pull up yesterday's time and sales on AHC almost no upticks for 5 entire points a few guys in our office caught it and THEY NEEDED BULLETS TO ENTER IT
example of how everyone sees the same action day in and day out and yet "sees" something different in what is happening or what is necessary to execute trades..........
if you are a listed trader bullets are a must....simple as that...no questions asked....now lets stop the argument...
there's no diff from nyse and naz when a stock is tanking and there are no upticks. you need the bullet. and if your p&l is in the middle seven figures (in the last 5 years), then you're right, your p&l is better than mine but if it isn't i would keep p&l out of this.
you are really that good huh fatty? once you enter the trades never ever go above your entry price huh? i don't exactly which naz stocks you are trading, but in the liquid, volatile names, i can virtually guarantee u are gonna get an upbid in even the biggest selloffs... unless, like i said, you are trading for an immediate 5-10 cents... which is a different ball game..
daniel, yes, i am a scalper and trade for the immediate 5-10 cents. like i implied in a previous posting, if you did that only 5 times a day with 10k shares at a time, it translates to a good living. imagine if you did 25k shares at a time? i don't know what you guys expect to make in a day but i consider that good money.