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Strategies & Market Trends : The Best Day Trader Training

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To: World Wide Trader who wrote (158)	3/8/1999 12:07:00 PM
From: David Holden	of 230

Question I just got level II and now I need to figure out how to use it. I have been watching the stock sevl on level II today because of it movement. I understand the quotes as they come in and can figure out which direction the price is moving by watching the MM, that took a while to follow and understand. My questions are you are supposed to buy in the spread, correct? Above or at the bid but below the offer, correct? I understand that you can see the stregth of a position buy the #of MM at the best bid and offer correct? And from there watch the sells and buys# and gage which direction it will go, correct? I was told with levelII we should be able to get in lower and out higher that those without, correct? Can u give me some help in understanding how to bid and offer? THanks David

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