Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (2604)	7/20/1999 8:15:00 PM
From: LLCoolG	Read Replies (2) \| Respond to of 10027

Donny, If all of you were so brilliant in deciphering Level 2 that well, you would not even be near SI, and you would be worth an unGodly amount of money. People day trade for Houses, and there is money to be made, but it is not unlimited. Market makers have more information and strategy available to them than any individual. Everyone on here is an expert day trader, it seems. Never make any mistakes. Always making tons of profits. How can that be? I am not calling anyone untruthful, but I know Level 2 screens and the NASDAQ way very, very well. The past two weeks have not been predictable, unless you use certain variations of TA, which are not 100% effective. To be fair, though, I do not have the time to watch NITE every minute of the day, either. A lot of self-proclaimed day traders got absolutely ruined in May/June. That is why the volume all but dried up on many high-beta stocks in June, IMO, causing the deepness of that correction. You can post here whatever you want. But if you are trying to say that you have the stock market nailed shut from analyzing the Level 2 screens, I am sure that there are Houses around that would be more than happy to hire you as a trader. The action on NITE has been very strange, and very complicated this week. I don't think anybody knows a definitive reason why, contrary to what everyone is conjecturing. As Willy Wonka said, "For some moments in lfe, there are no words." This week is one of them about NITE, IMO. G