DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: wallstreeter who wrote (2754)	8/13/1999 8:12:00 PM
From: Eric P	Read Replies (2) of 18137

I have a few questions for you and the other veteran traders here? Do you concentrate more on the level 2 screen and the ax than volume and momentum? I think many traders, including myself, like to review intraday (and daily) charts to find promising candidates, then use Level II for the actual trade entry timing. I used mostly arca for my trades,should i have concentrated more on island? If you are placing limit orders, you should probably try using ISLD. It offers the advantage of more liquidity than any other ECN (except maybe INCA), as well as being essentially free for everyone to use. The only real disadvantage of ISLD is that you can sometimes get 'stuck' with an odd lot fill of ~8 shares out of your 500+ share order. You should try using both ARCA and ISLD to find out which works best for you. I tend to use ISLD, despite the occasional odd lot problem. -Eric

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