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Non-Tech : CYBERTRADER

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To: truthcommission who wrote (3167)	1/1/2000 10:43:00 PM
From: Mad Bomber	Read Replies (1) of 3216

Execution times totally depend on price and routing mechanism and market direction. For example, if a stock is tanking and you want out, you could try a selectnet preference for a particular MM below the current inside BID. That is a common strategy touted by expert seminars. Unfortunately, many times the MM will just wait the alotted time period and then adjust their quote ("back away"). While you are sweating bullets. On the other hand, you used to be able to do the same thing on the Island with a "subscriber only" order and it would execute pretty much as soon as you press the button! Thus, the key element of day trading IMO is getting executed when you want even at market! I found that the odds are stacked and that you can have a whole day's hard work kissed away by one difficult execution. Not sure how scalpers survive anymore?? I think traders have more future in swing trading. MB

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