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Strategies & Market Trends : DAYTRADING Fundamentals
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To: brec who wrote (6349)1/8/2000 8:17:00 AM
From: Eric P  Read Replies (2) of 18137
 
brec:

The following post has more information of the SOES system. Just as LPS5 and others have pointed out, the SOES system is now virtually worthless for entering an active stock, unless you want to get screwed.

#reply-9980318

I've often considered a new trading strategy for high flying stocks. The plan would be to place a SOES market order for ~200 shares to buy a fast moving stock on the rise. The instant the order is filled, I would immediately reverse and short 1000+ shares through an ECN. This strategy is worth considering, since SOES market orders rarely get filled in fast moving stocks unless the stock is at the end of its swing and is ready to reverse.

Good luck,
-Eric
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