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

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To: steve goldman who wrote (3970)5/5/1998 8:15:00 PM
From: Dominick  Read Replies (1) of 12617
 
Very well said steve.

I've only been day-trading 5 months and I've found nasdaq to be exactly as you've said. It really tick's me off when I post an offer on select-net and watch for 3 minutes as offers are printed above mine and the watch the offers decline below mine.

I've had this happen numerous times, even when I preference a market maker. They do not have to take your particular order.

Have you ever wondered how a stock could have good consistent prints at the ask and then all of sudden, a 100 share order comes in at a stupid low price, then, bam! all the market makers drop their bid in unison for at least 3/16 to a 1/4 point causing a flood of selling. I believe this is done deliberately to pull a stock back.

When you trade on nasdaq it's easy to start the day as a Christian and end as an atheist.

I have never had this happen with the NYSE.

Dominick

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