Hello Darrell. I just want to make sure I understand the concept of breakeven distance. Following are my notes from one of your videos:
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For buy calculate the BE distance by taking the underlying last market price minus the spread sell price. QUESTIONS: A) I’m assuming that you take the last market price from your trading platform and not the underlying indicative price in the order ticket? B) When you say sell price are you referring to the bid price in the order ticket?
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For sell calculate the BE distance by taking the spread buy price minus the underlying last market price. QUESTIONS: A) Same question as above. B) Is the buy price the offer price in the order ticket?
I thought that once the underlying was trading above the floor if buying or below the ceiling if selling…that the breakeven distance was simply the difference between the bid and ask spread. Am I wrong? If so, please explain.
Finally, I am wondering what my minimum computer requirements must be to use the spread scanner. I have tried running it on a couple of occasions and my computer locks up. Thanks for everything.