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Peter,
I'm glad for your relationship...and if you bother to read his SUBJECT
line...that is a clear statement...that is not an opening and a invitation
for a conversation to discuss traders thinking process...but a flat out
statement. NOT to do something, and on top of that without providing any
evidence, other than his say so.
I don't know this person...and neither does most of the RT's, but you
expect everyone to just BLINDLY follow his claim without evidence...that is
why the majority of traders fail.
I clerked for a market maker in the OEX pit. I watched the floor brokers,
and the fact is that every time they get a new order they have to rifle
through their deck which takes time and their attention, and maybe a
possible missed execution of a order...or a missed scalp on a
trade...that's the real issue...so my rebuttal stands.
And NO I'm not frustrated...I get the edge on my orders about 25-30% of
time from my broker...if that is what you are referring to.
Mark
----------
| From: Pjgarratt <Pjgarratt@xxxxxxx>
| To: mseflin@xxxxxxxxxxxxx; realtraders@xxxxxxxxxxxxxx
| Subject: Re: Orders : Cancel - Replace (Don't do it)
| Date: Thursday, May 07, 1998 3:14 PM
|
| Mark:
| I know Tim personally and feel you are out of line. He is an excellent
broker
| and top-notch trader. His comments are not ment to make his life
easier...he
| doesn't care how many time you wish to C/R...his only goal is to make
sure
| people think thru their decision making process. You sound like a
frustrated
| trader who feels others are taking the edge.
|
| Peter
|