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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (1274)	9/13/1998 1:49:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 7382

funk, With Brown and pay-for-order-flow MMs, (it used to be) when you hit the market order button, 95% of the time you'd exit at the Signal-displayed inside bid 5 sec later. (Maybe that's why the MMs started dropping that auto execution under 1K in "fast" markets). Several elements in my EDT experience driving up my costs: - my lack of system experience: getting fancy trying to sell inside the market on losers, rather than pulling the bid parachute - ISLD repeatedly rejecting my sell orders as crossed/locked for no apparent reason in declining markets - SOES slippage worse since the July rule changes: if you sell a declining market, you're selling the bottom of the swing you're in. (Anybody else notice how the NASDAQ top coincided DIRECTLY with the rule changes?) - ARCA shopping delays: getting downticked while it's calling around. More experience using the system will help bring down slippage to a more manageable level. I need to have a higher winning percentage as my "system advantage" (times the buy/sell is better than brokers) probably peaks out at a couple of ticks. After all, its sold as a scalping mechanism so avg gains tend to be small. And the market tends to screw you more than give away free gifts. My trades are 1K shares, occasionally dropping down to 600-800 if I run a bad streak. Alan