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Strategies & Market Trends : Trading For A Living

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To: Colin Cody who wrote (573)6/27/1998 4:02:00 PM
From: jawd  Read Replies (3) of 1729
 
Colin,

It takes about 2 secs from clicking send for the order to show up on the level-II screen. Very fast! Likewise, if you have a bid in below the inside bid, and you see the prices is tumbling kinda fast, I've found that I can cancel the order in about 2 secs - before it gets sucked up and I'm left with stock at a higher price than necessary.

I can cancel and reorder very quickly, maybe 5 secs, to catch the lower price.

It really is a powerful way to trade.
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