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

To: scanshift who wrote (2680)	12/14/1998 11:03:00 PM
From: scanshift	Respond to of 7382

ISLD= 593,316,623 shares, TNTO= 60,350,098 shares Above are the shares traded on the Island and Terra Nova ECN for November. Island more than doubled their volume from October; they were up an awesome 103%. Terra Nova/Archipelago on the other hand was down 16%. When you daytrade, execution speed is critical to success. Wasting time while ARCA gives the Terra Nova/Archipelago ECN (TNTO) a first shot at your order is stupid. Many successful daytraders have posts on SI where they state that they cannot live with that time delay, because after your order wastes time screwing around at the EXTREMELY LOW VOLUME Terra Nova ECN, then it will most likely end up getting moved to another ECN. Why not go to that other ECN first. Also, a lot of inexperienced traders think you need ARCA to get a fill with marketmakers? That is not true. Remember, letting your order go through ARCA will cost you "fill" opportunities with the time delay of giving the Terra Nova ECN the first shot at your order. Learn to aggressively scan where the players are, whether ECN's or marketmakers, and go to them direct. It is obvious that many new daytraders have gained some experience and learned how to go direct to specific ECN's and marketmakers, and that is costing ARCA volume. They have learned that they do not need ARCA to hold their order and play with it; it ends up being moved to another order option the majority of the time anyway. Please keeep those private posts coming. Thanks for everyone's support and insights. The above statistics were from the NASDAQ web page at nasdaqtrader.com when you get to that page, type on participant, and then type in either ISLD or TNTO