|
PureBytes Links
Trading Reference Links
|
I read the book last month. There is a good synopsis on Amazon. Give great
insight as to what's going on behind the scenes. I don't do Level 2, but
anyone that is going to do Level 2 should read it.
Dan
-----Original Message-----
From: Clint Chastain <flag@xxxxxxxxxxxx>
To: Ramin Zahraie <ramz1@xxxxxxxxxxx>; omega-list@xxxxxxxxxxxxxx
<omega-list@xxxxxxxxxxxxxx>
Date: Thursday, October 29, 1998 11:05 PM
Subject: Re: Trading Level 2
>Perhaps you could elaborate for the benefit of those of us who have not
>purchased the book?
>
>
>-----Original Message-----
>From: Ramin Zahraie <ramz1@xxxxxxxxxxx>
>To: omega-list@xxxxxxxxxxxxxx <omega-list@xxxxxxxxxxxxxx>
>Date: Thursday, October 29, 1998 10:19 PM
>Subject: Re: Trading Level 2
>
>
>>> The problem is that Level II was only available to insiders until about
2
>>> years ago. As it slipped from their grasp-- over time, the Market
Makers
>>> have developed a variety of tactics (head-fakes, etc.) to mis-represent
>the
>>> true representation of the current book. It would take several chapters
>to
>>> cover the various illusions that they create to paint the Level II
>picture
>>> that they want you to see. Maybe others would care to elaborate
further.
>>
>>The Electronic Day Trader does a respectable job of describing some of
>>these tactics.
>>
>
>
|