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Non-Tech : MB TRADING
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To: kaz who wrote (2052)11/20/1998 3:49:00 PM
From: Stoctrader  Read Replies (1) of 7382
 
Your evaluation of our introductory tutorial is obviously clouded by your experiences with DELL and other ultra high-volume stocks. The tutorial is designed to give someone a basic understanding as to the nature of a level II screen and its basic operation. Although the scenario presented is simplified, it's the best way to teach someone who's not familiar with the operation of the Nasdaq how level II works.

Starting out trading DELL is a big mistake and a great way to go broke. DELL is a great company but as far as stocks are concerned, there are much more appropriate ones to play for someone who's new to level II and the Nasdaq order execution systems. Stocks trading between $20 and $50 with daily volumes of 500,000 - 2,000,000 shares per day are eaiser to follow and have more predictable intraday movements than their 10,000,000+ shares per day counterparts.

Baron Robertson
Editor and Publisher
Elite Trader
elitetrader.com
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