Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: Threei who started this subject	7/13/2001 5:58:27 PM
From: Threei	Read Replies (1) of 867

This week has not really allowed much in regard of SuperSOES experience. Still, I did two trades on NEWP, mostly to get a feel of how it goes. First impressions: - fills were lightening for both, SS and for ARCA hitting ECN and completing order via SS. - stock was trading erratically as levels disappeared in a blink of eye when orders hit. To be fair, have to say NEWP was never really smooth trader. - considering that MMs were mostly away from inside I kept ARCA as default route switching to SS only when I saw enough size displayed by MM. Once I missed best fill because MM disappeared faster than I could click "send" and I spent 1 second more switching back to ARCA to hit ECNs at the next level which disappeared too. It would cost me 5 cents but at this very moment some ECN popped up for a moment at original price to get hit by my ARCA sell. Still, it shows how fast things can happen on relatively thin stock when SS orders swipe entire levels. I guess this is just first experience, not really indicative of anything. Gotta collect more data and hear from others to start forming the impressions. Vadym

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