Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: LAWRENCE C. who wrote (1081)	6/4/1998 2:06:00 AM
From: watcher	Read Replies (2) of 2120

Lucky, Thank you for responding. I would think...depending upon the quality of executions...this would be close to a daytrader's dream...unless the daytrader really felt they needed L2. Is there extra markup (for one or all "tickets") for making the trades limit, or do the trades all have to be at market? So...you can do buy-sell-buy-sell-buy-sell...etc all day for $40? (Pardon for re-iterating the question...but I'm still amazed and I want to make sure I understand...that there aren't any other hidden gotchas (other than the one(s) Steve Goldman mentions). btw, Steve Goldman, thanks for the information about the broker being a MM. I can see how it is to their advantage, because they can show what great liquidity and volume they have in the markets they make...(I still need to read the stuff you referred to, tho'). Thanks all for your help, watcer

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