Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (5073)	1/4/1999 5:09:00 PM
From: Tim Luke	Read Replies (3) \| Respond to of 90042

it's not only the 1 and 2 second fills it's the time and sales,,,reading the level 2......

To: Dave who wrote (5073)	1/4/1999 5:15:00 PM
From: Canuck Dave	Read Replies (2) \| Respond to of 90042

Say Dave, A piece of your insight (if you have any on this). I just checked out your profile and I have a question on pharmaceuticals. I have been following DOSE for a while, in and out, making and losing a few bucks. It never really went anywhere while I owned it, but I liked its long term prospects. It's bounced up the last week while I have been flat out in something else. Do you think it's too late to get in here, and/or do you like it as a longer term prospect? CD

To: Dave who wrote (5073)	1/4/1999 5:18:00 PM
From: Don Pueblo	Read Replies (2) \| Respond to of 90042

Actually, having fast execution is critical if things are going the wrong way, as well. Position trades have a bad habit of becoming "excellent long term investments" if you let them get away from you. It's easy to get hypnotized with the level 2 thing, and start feeling like you "have to be" in a trade. One can start over trading. But, with the ability to execute very quickly, one can take advantage of short term moves that can give excellent entry points for a position trade. ASND is a good example. Let's say you wanted to be long the stock today. You see it drift down, and you maybe decide to put an order in to try and get close to the bottom. Maybe you are lucky, maybe not, you don't know where you will get executed. With level 2, you see the bottom, you see the stock start its move back up in the afternoon, and you jump on it fast. Now, you may have picked the same price either way, in hindsight, but if ASND had not rebounded, you would have been in on the one hand, but waiting for a better entry with level 2. So yes, it is a question of small percentages, but small losses are better than large losses. It's not for everyone, but when you are trading for 2 or 3 days, you are trading with a lot of people that are on level 2, and you aren't. Where would you rather be? Another thing, if you are spending 3 or 4 hundred bucks on commissions every month, you might save money.