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A single gamble in a liquid stock has an expected cost of 0.2%-1.0% of the notional value, due to crossing the bid-ask spread twice, which is smaller than casin
by fighterpilot 5y ago
A single gamble in a liquid stock has an expected cost of 0.2%-1.0% of the notional value, due to crossing the bid-ask spread twice, which is smaller than casino margins.
So it is better in terms of expected costs if we're comparing 1 daytrade gamble with 1 casino gamble.