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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (7418)	6/3/1999 10:39:00 PM
From: Eric P	Read Replies (3) \| Respond to of 12617

Alan: Excellent point. Trading against the immediate swing of the market can be a great way to not only get filled, but also reap the windfall of another trader selling his position several levels below the inside bid. Somewhat of an ECNs equivalent to price improvement. However, although this eliminates some of the problems of getting orders filled, it is more of a method for 'counter-momentum' traders, versus momentum traders. However, I agree that going against the current swing in the stock can be the foundation of a successful system. In that scenario, the challenge would be to enter the trade at a low risk entry point, since you will require the short-term momentum of the stock to reverse in order for your trade to be successful. Thanks again, -Eric