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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Dominick who wrote (802)6/15/1999 7:21:00 PM
From: tobin sears  Read Replies (1) | Respond to of 18137
 
Hi all. Sorry if this has been posted 100 times already but here it goes...I am about to choose an EDAT/DAET system. Can I get some opionions on Polar, MIB, and Daylight (or any other recommendations). Thanks in advance.

Tobin



To: Dominick who wrote (802)6/15/1999 7:28:00 PM
From: JeromeN  Read Replies (1) | Respond to of 18137
 
Re: The best system, Best data provider, best daytrading software?

I am a novice and do not want to lose thousands in the learning process before I start daytrading.

Can anyone tell me what the best execution system is? I signed up for CyberX (from Cybercorp) and data feed, e-signal.

The company (Cybercorp) told me that Cybertrader would be to complex for a novice it has all the stuff for professional traders Level II and Level III quotes, charts, tables and endless information etc. That did not make sense to me. Any comments?

Thank you in advance,
Warm regards,
Jerome



To: Dominick who wrote (802)6/15/1999 8:05:00 PM
From: Robert O  Read Replies (1) | Respond to of 18137
 
What would be your strategy if you were the MM?

Mine would be to continue to screw the average investor as often as I was currently doing it with (apparent) impunity. As more novices start trading online I would continue to increase the size of my 'antique' car collections. All the while I would leak stories that somehow made it out to the general investing public that the various 'costs' and incredible bid/ask spreads, particularly in thinly traded issues, were REQUIRED and simply a FAIR compensation for the enormous risk involved in perhaps being left holding the bag. And above all: I would never EVER do anything out of the ordinary to create competition amongst this 'alliance' and NEVER act in a way that would have a spotlight shined (shone?) in my direction from the likes of any of the 'sovereigns' e.g. State or Feds. So far so good!

Has there EVER been any studies done with real time data to precisely measure just what is the ENORMOUS TAKE for MMs??

RO



To: Dominick who wrote (802)6/15/1999 8:32:00 PM
From: TraderAlan  Respond to of 18137
 
Dominick,

<I believe that viewing tape action, (bids/offers), from the perspective of a MM helps you discover their strategies.>

The hardest part is the hidden depth. They know what orders are sitting our there, we don't. The difference between a failed breakout and a successful one is the orders hiding above and below the breakout point after it's triggered.

Alan