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

To: Street Walker who wrote (331)	3/3/1998 8:47:00 AM
From: DRRISK	Respond to of 1086

Street, I am with you, I acquired a large position in OXHP and feel that the Level II has permitted me a much better entry level then when I have taken positions in the past. I had the ability with Oracle to get in an out with a substantial profit within a 1 1/2 point spread in and out. I could have never done this without Level II. The TA dynamic interface and the flow of watching the MM's over the two weeks permitted a feel for the position that was far more accurate. Regarding OXHP I have had a similar experience. I will know when we hit bottom when GSCO switches to the buy. They have artificially oversold the stock and have singularly kept the price at 17+. When they stop selling we get a bounce. The last two days they have been buying a little for the first time. But still more selling. DrRisk

To: Street Walker who wrote (331)	3/3/1998 10:28:00 AM
From: mmaker	Read Replies (2) \| Respond to of 1086

Streetwalker, You are the voice of reason in a commercial world. I will do my best. MM

To: Street Walker who wrote (331)	3/4/1998 8:50:00 PM
From: Ross	Read Replies (1) \| Respond to of 1086

SW, I could not agree with you more. As far as your previous post I believe I did misunderstand it partially, sorry about that. As far as LVLII and its benefits, I have always said I dont care whos' service is used for RT Quotes so long as one is used. There is more than enough business to go around so I never engage in spamming, life is to short. With regard to LVLII and its merits as a tool. LVLII is necessary for the efficient entry and exit into and out of a position. A LVLII screen coupled with access to SOES, SelectNet and and an ECN of choice is all that is necessary (including experience of course) to execute professionally. Without these tools a trader is left to the potential front running of his/her order, the selling of order flow or worst of all delayed executions. I have always maintained that if web based products were so good, MLCO, NITE, HRZG et. al. would use them. They don't and a begining trader must ask themselves why? Ross Ditlove MB Trading 888-790-4800