SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Final Frontier - Online Remote Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: steve goldman who wrote (3970)5/5/1998 7:15:00 PM
From: Allen B.  Read Replies (2) of 12617
 
Steve, I agree with you almost completely. The glory days of SOES trading are almost over. The NASDAQ Market Makers are now armed with increasingly advanced software to ward-off unwelcomed SOES volume. In addition, the proliferation of SOES trading now means being the absolute fastest on the draw is the only way to make money via the old "bandits" method and the executions still aren't there. For me, this means sticking only to very liquid OTC stocks with tight spreads and many MMs or my preference- the NYSE or AMEX. I do find execution quality to be better (usually) and my systems require tight, disciplined stops- that's the real edge. I feel (as do many others) that successful day trading requires a strict discipline. The convenience of placing stop orders to both limit my downside and to trail and lock in profits is huge!! I have to watch my OTC positions much more carefully in order to keep my discipline intact.

The continued growth and liquidity of the ECN's is helping the OTC cause and there's still a ton of money to made to those skilled traders who can truly read MM's movements and effectively use INCA, SelectNet and ISLD.

I have 2 voodoo dolls on my desk, 1 is a NYSE specialist, and 1 is an OTC Market Maker- they both get the occasional poke but all in all, my P&L lives and dies by the listed exchanges. Great post Steve, keep it up!! Regards, Allen
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News