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

To: kaz who wrote (2052)	11/20/1998 3:49:00 PM
From: Stoctrader	Read Replies (1) \| Respond to of 7382

Your evaluation of our introductory tutorial is obviously clouded by your experiences with DELL and other ultra high-volume stocks. The tutorial is designed to give someone a basic understanding as to the nature of a level II screen and its basic operation. Although the scenario presented is simplified, it's the best way to teach someone who's not familiar with the operation of the Nasdaq how level II works. Starting out trading DELL is a big mistake and a great way to go broke. DELL is a great company but as far as stocks are concerned, there are much more appropriate ones to play for someone who's new to level II and the Nasdaq order execution systems. Stocks trading between $20 and $50 with daily volumes of 500,000 - 2,000,000 shares per day are eaiser to follow and have more predictable intraday movements than their 10,000,000+ shares per day counterparts. Baron Robertson Editor and Publisher Elite Trader elitetrader.com

To: kaz who wrote (2052)	11/20/1998 4:29:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 7382

kaz, Sure don't know why a SOES market order was rejected. DELL is on another planet so there are probably rules why even market orders don't work there (actually sounds like the system just getting constipated on the massive volume). Was going to suggest contacting Baron R directly but I see he already jumped in. Just shows the power of SI. Everyone (including myself) with a commercial stake in the day trading business pays close attention to the threads here. Believe he's also an MB trader (which BTW I'm not). Baron suggested stocks in the .5M to 2M category, likely to take advantage of slightly wider spreads. I've had better luck with more liquid but a little less volatile issues. WCOM is a great stock to learn day trading. High volume but stable enough that it doesn't screw you inside a minute most of the time. AAPL has its days but sometimes just sits there. ASND is nice and smooth 80% of the time, then, goes psycho the other 20%. SUNW is another one that trades its trend fairly consistently. Also TLAB. Chips are a real good play these days. try ALTR, AMAT. As hard as I try, can't get into the Internet stocks except for NSCP. The crowd that moves them is way too odd for me to understand. Alan