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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dan Duchardt who wrote (14259)9/24/2001 6:25:41 PM
From: TraderAlan  Read Replies (2) of 18137
 
Dan,

<I know booters has had good luck with market orders>

Booters and other good traders here have a plan. Many traders don't. The image that comes to mind is no different than the small retail equity trader chasing momentum. In both cases, most of this money is probably entering the market after the market orders of the smart money.

Since the futures washout rate is likely higher than equities, these market orders must be chewing up many of the individuals making them.

Alan
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