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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ken Wolff who wrote (1676)	12/6/1998 1:32:00 AM
From: Milkman	Read Replies (1) \| Respond to of 2120

Ken/All, Thanks for all your efforts. I just spent the last several days reading the thread from start to finish. I hope you wouldn't mind answering a few questions? I have no emotional problems with executing a stop on an open trade, what I need to know is, do you execute a manual stop via having the sell order que'd up in your order entry screen and then hit the execute button when you reach the stop threshold? or do you set an automated stop loss order with your broker? I would think that if you put the stop loss order in the system, some Market maker will just drop the price down take you out and then keep on trucking. Do you still use AB Watley? Have you had any problems with them? I remember that you said you do not use level II quotes. But since my brain is now mush and I don't remember some of the details in all the posts, What service (Ultimate Trader, Platinum?)do you use from Watley? Can you get a cheaper per month cost without the level II but still have Time & Sales? Once again thanks to everyone on the thread. You have provided a great education so far. I hope I get to the point that I too can contribute. Regards, Milkman