DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: OZ who wrote (9996)	8/28/2000 1:25:31 PM
From: Apakhabar	Read Replies (1) of 18137

OZ, I agree with your point that the changes do not sound harmful to the swing trader, but as a scalper, they concern me. While 200,000 share trades might not be entered into the SOES system, I can still foresee a MM just taking out two points worth of stock in a flash on some of the less liquid stocks (that trade 200k-800k daily) where I take my lucrum. This could lessen the importance of the skill of minute-by-minute tape reading. Presently scalpers like me also rely in some part on the psychological "look" of the level 2 which confuses traders that lose money. The changes will force me, at least, to reassess my strategies. I hope I don't have to become a swing trader because my swing trading sucks. OZ, you could be in for a windfall. Vadym, what is your take on the proposed changes?

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