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

To: steve goldman who wrote (3780)	11/3/1998 9:14:00 PM
From: bazooka	Read Replies (2) \| Respond to of 4969

steve, i appreciate your insight on my previous questions regarding what happened with my orders (post 3778-9). since you are obviously well informed as to the working of the markets can you please explain to me how the specialist can handle all the floor traders as well as the super dot system at the same time (does a clerk handle the computer side of it). furthermore, when i am shorting a listed stock on DOT does the specialist know that i am short; does AMEX work the same way or does it have a different system. also i have noticed prints well outside the current market and then watched the market move to where those prints would be in line. do floor traders always have the advantage of trading the market before DOT. currently i have direct access to DOT; what are other ways to route an order to the NYSE. does datek, etrade, etc.., route my orders through DOT via manually re-entering what i request? or are there other proprietary systems? also what is your estimate on the percentage of how often a specialist would trade a big stock like (AOL) out of their own inventory or are they mainly in the business of making spreads. when i see huge size on the bid or ask is it more likely to be legitimate or is it a smoke screen as if often the case on the NAS. basically, i would be intersted in anything you would have to say about trading listed stocks. furthermore, if you could only daytrade one thing what would it be and why? (nyse, nas, amex, indexes, futures, currencies, options, etc..) i have come to believe that daytrading the NAS is not where the best risk/reward is and i believe that some of your post suggest that. i would appreciate any insights you can lend on any of these issues. thank you, bazooka