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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Wayners who wrote (8314)	6/21/2000 11:54:00 AM
From: Michael Friesen	of 12617

It's a lousy system but for now we have to live with it. I agree that it is tilted in the MMs favor but there are advantages to being a small trader that the MMs don't have. Regarding your Selectnet fill - I usually cancel right away if it appears that (if buying) I am paying "top tick" of the move. Problem is, I can't cancel within 10 seconds of entering the order (another rule). But if the price starts going back down before I'm filled, I hit the cancel key in a panic. If the MM is busy I will be able to cancel before he fills me. I use Watcher software, through Broadway Trading, for this.

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