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As is readily apparent to me, one has to be extremely careful as to how each post has been worded, and not shot off in 2 minutes like I did. It was not my intent to start a worldwide movement to make things easier for floor brokers by making everyone stop CR. I wanted traders to think about how they were trading and pass on what I have found in my experience as a pit broker. What I have found is most who use CR are "chasers" who would have been better of if patient, if you are not one of these traders, great you have a real understanding of the market.
On further reflection, perhaps there is an easier way to settle the practice of CR for each trader. Take the profit they missed out on by not CR and add it to what they lost by CR.
Perform that evaluation over the course of an extended period of trading and it should give you a rough idea if you are a chaser, or someone who really knows where the market is going.
Tim Lee
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