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Strategies & Market Trends : SOES Trading

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To: Joseph Francis Torti who wrote (1032)11/10/1997 4:44:00 PM
From: Mark Davis   of 1618
 
I'm glad to see others are being honest and chiming up about the TRUTH re:SOES TRADING.

Paper trading, simulated on a computer or otherwise is BS.

WHY?

The FILLS in and out, are bogus. I found that I could rarely!! get stock at the current offer when I wanted it. If i was willing to buy up a level or two, yes, but the risk reward changes dramatically at that point. Selling is the same, you will MISS the current bid much more often trading the real market, then the demos.

As I said in my previous post, there are winning traders, but they are a small minority. The big (read HUGE) winners are the SOES rooms. Heads they win, TAILS you lose.

Be very skeptical of the hype. The game was GREAT just a few years ago, but the easy money has been made.

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