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What is MM?
Zbigniew Woznica
-----Original Message-----
From: Phoenix4me@xxxxxxx <Phoenix4me@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, September 01, 1998 9:02 PM
Subject: Re: GEN: The WAY of the Warrior-Trader.
>
>
>I too find that looking at the MM on level II is very useful. If you have
>several stocks that you like to trade, it pays to pay attention to who is
the
>top MM in that stock. Usually couple MM stands out and it pays to follow
their
>lead. These MMs have many tricks they use to take profits from traders like
>ourselves so beware. Sometimes they pretend to be a big seller when in
truth,
>they are keeping down the price so that they can buy at cheaper price.
>
>And when you are first starting to use L2, there's a danger of watching it
>too closely and watching every tick. Just follow your TA and don't let the
MM
>shake you out. I had to learn this the hard way.
>
>Best of Luck,
>
>Dev
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