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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: Threei who wrote (484)	4/7/2001 2:43:28 PM
From: Brandon	Read Replies (2) \| Respond to of 867

Probably a lack of understanding on my part...but whenever I watch Level2 after Im in a trade I get shaken out. I use Level 2 to see what my execution risks might be and to see were I can get in and when I sell were I can get out. But, after Im in a trade I tend to get level2 out of the picture. I know others though, yourself for example, who do very well watching it. Brandon

To: Threei who wrote (484)	4/7/2001 3:17:05 PM
From: chris-	Respond to of 867

It is interesting to see things that a tape reader would do versus one that just uses the chart. I guess it just comes down to risk evaluations in relation to one's trading style. i.e., larger shares and moderate risk versus smaller shares where 1/4 slippage "might" be less of an issue. (Not a hardfast assumption) This type of play <open break high> is often my more favorite simply because I can enter and exit with confidence whereas many traders (especially newer ones) tend to let all the action at the open go, (wait till the dust settles). Where this is discomfort, there is opportunity is how I think TraderAlan puts it..something like that. (forgive my lack of memory..it's Saturday and I just finished a round of golf and all that entails :) Chris