Scalping off the Tick Chart? Bid, Ask or Last?

Which tick charts are best for scalping?

  • Bid?

    Votes: 1 16.7%

  • Ask?

    Votes: 0 0.0%

  • Last?

    Votes: 4 66.7%

  • Doesnt matter?

    Votes: 1 16.7%
  • Total voters
    6
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?
 
birdman said:
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?
More...
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.
 
birdman said:
@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.
More...
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.
 
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