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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: peter michaelson who wrote (3752)	4/19/1998 11:29:00 PM
From: Sword	Read Replies (1) of 12617

Pete: I agree with funk. In addition to his points, listed stocks aren't as clear in the screens. There is no personality to the Level II screens, for example. Cybertrader claims to know something about how to trade there with their system. I will likely try to attend their class sometime soon to see what their edge is. But with the tools at hand, I feel more comfortable with the Nasdaq market. Pardon me for butting in on his other question, funk. In regard to the edge on buying in on the bid -- It works when the majority of prints are coming in at the bid price. This is when there is still a seller out there or a MM that doesn't back away once they are filled. You can see this action on the stock ticker as it scrolls by on the MB Trading Level 2 screen. The drawback is that you might be buying on a continuing price decline. If you get a feel for the action, you can sometimes tell that the market is slowing. The print may still be red but the rate is dropping. Getting in at the bid when this happens is gravy because you're poised for a rebound. -Sword

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