|
PureBytes Links
Trading Reference Links
|
Your points are very well made and correct. Therefore, the object is to
join in with the Market Makers, not to fight them. Learn how to read their
real movement, not what they want the public to think.
It is so bad, you can almost do the opposite of what a normal person would
think looking at a screen.
Good trading skills are very important too.
Mark
Mark A. Seleznov
Managing Partner
Trend Trader, LLC
Member NASD, SIPC
15030 N. Hayden Road
Suite 120
Scottsdale, AZ 85260
602-948-1146
602-948-1195 fax
mark@xxxxxxxxxxxxxxx
http://www.trendtrader.com
-----Original Message-----
From: Charles Wright <redeemed10@xxxxxxxxx>
To: RobertBu <Robertbu@xxxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Saturday, August 29, 1998 8:37 AM
Subject: Re: Level II, MM
>Agreed. But a marketmaker with order flow is a formidable force
>indeed. In fact, my definition of marketmaker absolutely includes
>access to order flow. They are generally hedged within a range, and
>they have capital, and they can literally fix the prices under certain
>circumstances. It takes more than an level 2 and good intentions to
>enter that ring with a fighting chance -- IF we're talking about
>daytrading. If you want to position trade with a level 2, and you're
>not depending on the fractions to survive, then a level two can be
>quite entertaining and informative.
>
>A level II by itself might be likened to a pair of binoculars on a
>battlefield. The trading account, a bayonette (or better, depending
>on size). The marketmakers have tanks, machine guns, night vision,
>and are a large, fairly synchronized army.
>
>The only way to win that war is with extreme character (ie some
>measure or combination of cleverness, discipline, etc.) and/or Divine
>intervention. It certainly doesn't pay to let one's self be deluded
>about the chances for survival under such circumstances apart from
>those two additional qualifications.
>
>Best,
>
>CW
>
>---RobertBu <Robertbu@xxxxxxxxxxxxx> wrote:
>>
>> >I can't say that I disagree...Only that I think one of the best ways
>> >to make money in the OTC w/ a level II is to be a market maker
>>
>> The SOES firm I deal with tried being a market maker for KLAC
>> a few years back. They lost money. In their analysis, the problem
>> was partly that they were not like by other MMs, but mostly
>> because they did not have an order flow. I don't think just
>> being a MM is enough.
>>
>> == Rob ==
>>
>>
>>
>>
>
|