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


To: funk who wrote (1796)11/7/1998 1:03:00 PM
From: Jay Lyons  Read Replies (4) | Respond to of 7382
 
To those who are just starting with MB:

I have less than a year's experience daytrading, and far less than that using MB and Level II, so please take the following with a large grain of salt.

Be aware that while giving you far more information than you have previously had on your screens, Level II quotes are constantly screaming an overiding message at you...do something! The screens will constantly be giving you an excuse to buy or sell, and more often than not it will be a false signal. Use Level II and the various order routes to get the best entrys and exits you can, but you'll find it more important than ever to have a trading plan and money management system in place, and to stick with it.

I have nothing but respect for the folks at MB, but they'll do fine without you giving up your stake by overtrading.

Jay