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

To: Eric P who wrote (2762)	8/13/1999 10:59:00 PM
From: TraderAlan	Respond to of 18137

Eric, One thing I totally missed my first time around ECNs last year (that I can't live without now) is how important watching the ISLD book is in planning executions. You can evaluate liquidity, avoid weird partial fills, and pick your spots much easier on the highly liquid vehicles (MSFT, etc) to avoid cross/locks. My slippage has dropped through the floor compared to then because I can jump in front of other ISLD traders a lot quicker when I want to. Alan

To: Eric P who wrote (2762)	8/14/1999 11:53:00 AM
From: dpl	Read Replies (3) \| Respond to of 18137

Eric or anyone.A question about ISLD. Friday morning I entered a short for CMGI at 82 before the opening through FIDO(I know :-)). On my T&S it showed prints at 82 with the highest B/A of 81 7/8 by 82.If I had a limit on ISLD at 82 would there have been a chance of a fill? More important,if there were prints above 82(which I see all the time) would I "probably" be filled in an active stock like CMGI if I had a sell at 82? This is happening more and more and I am missing more and more trades the last few months.The worst was a bid for YHOO at 110 1/2 when it "printed" at 110 and no fill.My T&S showed 110 9/16 by 110 3/4 as the low. David