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

To: Matthew L. Jones who wrote (4124)	9/16/1999 11:18:00 PM
From: marketbrief.com	Respond to of 18137

hi Matt, I should explain that I am not a scalper and do not care if there is any depth to lean on in case things go wrong, though if I were a direct access player I would def. be interested to see how far away my "out" was... my price is usually below BB (when getting long, above BA when getting short) and I am praying (sorry Alan) that some dummy comes down and hits me... I have noticed that there are a ton of these 64th orders and even 256th orders on the ISLD book which I guess is a way of trying to jump the queue... I could care less about 1/64th and usually sit there like a fat Buddha with my bid or offer at my price. I have never put in a 64th order but I have done 32nds... I don't chisel much because I have confidence in my price and am always looking for multi-point moves. ~Smart$