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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (2501)	2/1/1998 7:52:00 PM
From: Street Walker	Respond to of 4969

Level II..................................new thread If interested in winning the war against the MM's, come lurk and share your experiences using Level 2, and experiences with specific Market Makers. Do an SI search for: Level II Trading S.W.

To: steve goldman who wrote (2501)	2/2/1998 8:27:00 AM
From: Mike Schoonmaker	Read Replies (1) \| Respond to of 4969

Steve, I concur that executions are paramount in the success of short term/daytraders. However, for a position trader, 1/8 or so typically does NOT matter, any more than the 35-55 your firm charges for commissions. As far as outperforming ANY online firm, I would take issue with that if you are including online SOES shops (Watley, MB, etc). I fail to see how you could improve. Perhaps you could enlighten me? Finally, Datek DOES make the order active re:stop loss order when the BID falls to the stop price, not a print! They then offer it out on ISLD, not SNET or NAZ mm, as far as I know. I can always see my specific orders out on the island book. Schoonie