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

To: TFF who wrote (5283)	11/8/1999 10:44:00 PM
From: Yak-attack	Respond to of 18137

If RT3 is outdated, what do you use, enlighten me? If you want to talk about getting out quick, how are you going to see ECN's, for example ISLD, REDI, ARCA, BRUT etc.. without having level II, maybe you have some system I have never heard of, hopefully I will get an explanation soon peace

To: TFF who wrote (5283)	11/8/1999 10:44:00 PM
From: OZ	Read Replies (1) \| Respond to of 18137

RT3 is an outdated piece of junk Your comment is pretty much junk too if you do not offer an alternative. What up to date execution system do you use and/or recc.? I use TRADECAST myself and like it very well. I especially like it when a stock has hit my buy stop and I "Monster Swipe" the offers and take out all the MM's. Then the rest of the herd piles on and the runup continues. While it is true that preffing the MM's to get out of a loser is quite painful... The inverse is true when swiping the offers and watching them lift. I could not play it like this w/out L2 data. It is just another tool (like a hammer) that can be used to build up an account or tear it down like a wrecking ball. Level2 will never tell you what is going to happen beyond a few seconds at best but it will help you determine what execution strategy to use to get the best fill. regards, OZ