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I totally agree with you about The Electronic Daytrader. I bought it,
looked it over and promptly returned it to Amazon! I guess it might be
of interest to a true neophite, but is virtually useless when it comes
to trading techniques.
The Underdround book is good and well worth your time to read, and then
read again. I learned quite a bit from it.
I personally trade with level 2 and find it useful. It is significant
knowing which marketmaker is on the bid/ask. Cybertrader has a feature
which tracks the number of times a given MM is on the inside bid/ask and
the MM movement can give an indication of the expected direction.
Tom
Joe Frabosilio wrote:
>
> Hi Terry,
>
> I'll give you some references, http://www.elitetrader.com they offer a level II
> course, I haven't heard any bad things , just good.
> http://www.undergroundtrader.com , I just ordered the book, its highly
> recommended from other traders. I have the electronic day trader book and I
> would not recommend it, I feel its a waste of good trees. Its a good overview
> of level II, but nothing you could use to trade from.
>
> I use level II as a tool, my trading style is what carries me. Another good
> article to read is in the August 98 issue of Tech. Analysis of Stocks and
> Commodities, under Daytrading Stocks.
>
> Any questions, drop a line,
>
> Joe Frabosilio
>
> TQuinn211@xxxxxxx wrote:
>
> > Neal and fellow RT's:
> >
> > Could someone provide some references to effective use of Level II info for
> > day trading?
> >
> > Some specific examples posted to the group would be appreciated as well.
> >
> > All the best.
> >
> > Terry
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