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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (16844)8/27/2003 5:29:30 PM
From: Threei   of 18137
 
Nice review, Eric.

Want to add one more factor that somewhat changed the landscape for retail traders: execution techniques became non-issue. Remember the times when a trader to be efficient in fast game had to know all the nuances of countless ways to route his order? SOES with its size limitations, 5 minute rule, SelectNet with its 30 seconds no cancel, preferred or not, All or Nothing, 9 ECNs with their particularities, ISLD crossed orders, hidden orders etc? :) All this stuff is non-existent now, sweep everything in sight with ARCA and count your money (or lack of). Certainly makes life easier for newcomers, and at the same time takes away an advantage from those who got art of getting filled down <GG>
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