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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (191)	2/19/1998 7:32:00 PM
From: Nazbuster	Read Replies (1) \| Respond to of 1086

The data is clearly learnable Was their class "new material" for you as it relates to high-volume trading or were you already a L2 user and used to frequent trades? Does their presentation train one to "read" the buy/sell queues, the "fakes", and to learn how to recognize the points of entry and direction of the movement? (Trading 101...) The key for me is that I can execute within 1 second and hit MM's when they are hanging out on the ask waiting a price move. Are you talking about selling TO them or undercutting their prices to sell quicker? It seems that this is a VERY TOUGH game since the MMs know all about their customers' orders and get to KEEP THE SPREAD. On the other hand, we have to guess the direction of the price changes and get enough movement to absorb the spread AND sell for a profit. It seems difficult to beat the MMs at their own game...