Q&A by Don Bright SINCE YOU ASKED Confused about some aspect of trading? Professional trader Don Bright of Bright Trading, an equity trading corporation, answers a few of your questions. NYSE VERSUS NASDAQ 100 I have been reading and enjoying your Q&A comments in STOCKS & COMMODITIES, and I found something that I would like to get further information about. I am retired from the US Navy and have been swing trading from my home for the last five years. I have been active in the market since the mid-1960s, but avoided active trading until I retired and had good access to the Internet, along with the cheap quotes and lower commissions that made trading versus investing possible for me. In recent years, I have successfully traded stocks like DELL, RFMD, AMAT, RMBS, and SUNW for nice profits. I generally trade one to two thousand shares per trade, and hold for one to five days on average. I use RealTick and Schwab Velocity for my trading. In one of your comments, you stated that you only trade New York Stock Exchange (NYSE) stocks with daily volume of two million shares because of your distaste for market makers. Could you provide more insight into this thought about trading NYSE stocks rather than Nasdaq 100 stocks? |
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