I see the question was raised 6 years ago without much discussion. For stocks and ETFs, what are the ramifications of charting the bid instead of the last? I've done both with market orders only and think i prefer the "bid". Just curious as to what others think?
Does it matter that much, if the stock/etf, is highly liquid and the spreads are tiny? like if i would be scalping in 1 min chart AMD with 1000 shares, what do you think?
@Nobert - I'm with you. I can't see how it matters much. I just wanted to get a few more opinions. Some of our friends here know way way more than me. Always good to pick their brains. Sometimes i overlook facts obvious to others.
Yup im only asking as well, all i do is paper trading and thought, maybe there is something ,, special & dangerous " in bids and asks, that i might be completely unaware of ( using market orders 95% of the time ).
Yep, if you use a target price exit, sometimes independent of an indicator sell signal, you might find the bid advantageous. On large market orders of highly liquid stocks and ETFs, i typically get filled at half a cent less than bid. Of course, might depend upon your platform, i use TOS.