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Strategies & Market Trends : DAYTRADING Fundamentals
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To: TFF who wrote (5283)11/8/1999 10:44:00 PM
From: OZ  Read Replies (1) of 18137
 
RT3 is an outdated piece of junk

Your comment is pretty much junk too if
you do not offer an alternative. What
up to date execution system do you use
and/or recc.? I use TRADECAST myself and
like it very well.
I especially like it when a stock has hit
my buy stop and I "Monster Swipe" the offers
and take out all the MM's. Then the rest of
the herd piles on and the runup continues. While
it is true that preffing the MM's to get out
of a loser is quite painful... The inverse is
true when swiping the offers and watching them
lift. I could not play it like this w/out L2 data.
It is just another tool (like a hammer) that can be
used to build up an account or tear
it down like a wrecking ball. Level2 will never tell
you what is going to happen beyond a few seconds at best
but it will help you determine what execution strategy
to use to get the best fill.

regards,
OZ
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