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Technology Stocks : Dell Technologies Inc.
DELL 133.92-4.9%3:59 PM EST
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To: On the QT who wrote (81666)11/21/1998 11:45:00 AM
From: arthur pritchard  Read Replies (1) of 176387
 
hi QT <schwab market orders> please see my response to tim's post. It seems to me that you ALSO may want to consider a high level data feed. I believe the secret is always using limit orders, which makes the mm really perform. When you use a market order, you are signaling the mm that you are not really on top of the market. One signal's the opposite with a limit order. Incidentally, i did learn this sitting in a room with about 15 day traders, and although i did not day trade the way they did, i did try to pick up whatever would be useful to me. Some days, i was trading 70,000 shares of Dell. It's like driving a car. You become able to actually compete with the market maker. Then after this exposure, one can scale back and only use this information whenever you want to. Once imbedded, i find the instinct never leaves me. Just like i can still just sit down and play the piano etc. etc.etc. Hope this helps! This is why i am always sad whenever i see hugely negative talk about so called day traders...as when new people see such comments, some may just write off the whole experience...when better advice (of course in life in general) is to try things out, and quietly take with you just the few seeds that may help you..and then go away to do your own thing...I am constantly curious QT... i'm sure you know that about me at this point!!
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