The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Mare Britton who wrote (58103)	9/9/1999 4:02:00 PM
From: Tim Luke	Read Replies (2) of 90042

tim- if one were to invest in day or momentum trading tools, would level 2 be the single most important thing to get? What exactly does it tell you? Is it easy to interpret? I sense it would make a big difference, sort of like wearing glasses when you're near-sighted but I 'm just guessing.>>>> i will go over all this in more detail tonight...but what you get is the advantage of trading right off of your level 2 screen...you can see all the time and sales...where the market makers are lining up..but most of all you can get 2 second fills...your order goes from your PC to the floor and back to you... .with your discount junk broker you have to type in the order..submit..confirm..send....it goes to your broker then he routes the trade to the floor and the back to your broker and then back to you.....a fast moving stock has moved so fast in the time for you to do all this....it insane to trade like this

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