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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Robert Graham who wrote (2921)2/10/1998 9:08:00 AM
From: TFF  Read Replies (1) of 12617
 
Bob: Here is a post form DRRisk to you. Notice anything familiar?

To: Robert Graham (111 )
From: DRRISK Sunday, Feb 8 1998 6:54PM EST
Reply # of 152

Robert,
I actually think you are not getting the picture. I certainly do not need counsel although concern for someone in Cyberspace is safe. However, I am not trying to sell you or anyone else on Level II. You should experience it before you judge it. First of all daytrading is all about 1/4 and 1/8 and it is not at all unusual to trade up to 200X or more per day. If you look at a round trip ticket at $18 and you trade 1000 shares your profit is $207. on one trade if you do that 20X per day that is $4,000. I am quite sure you would not argue that this is not a bad days effort. Now you are wrong about the antics that MM can play that are not observable. I know who the AXE is on all the stocks I trade and can closely follow their activity. Granted the Shares that are shown by the MM do not have to be sold or bought at the inside bid or ask if they choose to pull back but your ability to see the wiggle they do is not blind. You are underestimating the technology and should try it before you assume it as not advantageous. Their are only 4,000+/- daytraders in the US and I assure you they are very profitable. I think you should revisit your opinion. I have been in the market for 10 years and this is very special. But if you prefer being blind then I am not here to open your eyes only looking for fellow Level II traders to share strategies with not debate the technology. I did my Due Dili do yours if you like. Thanks for the concern but it is misplaced.

DrRisk appreciative of all input

My post was merely a jest at the highlighted statement.

Sorry for the confusion.
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