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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Dave O. who wrote (7366)3/12/2000 9:26:00 PM
From: WaveSeeker  Read Replies (1) of 18137
 
Re flashing:

I wonder why flashing is considered to be bad. First, I assume the risk when displaying a certain number of shares that my order may be filled. It's a tactic that can easily backfire. It's a great feeling when someone opens their raincoat a second time and you nail them with your shares. And at which point do you draw the line between a "flash" and a valid order? Maybe it's a mistaken order that has to be immediately cancelled. How is flashing any different than using an ECN to hide the true number of shares in an order? It just seems like another example of misdirection, which is the whole point of the Level II game anyway.

WS
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