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you choose? What other business activity has an unlimited upside and very controllable downside? What business activity can be expanded or reduced at will? What business activity has the well-documented success of Direct Access Electronic Day Trading? |
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Day trading is not investing. It is a career. Your work is grinding out trading profits, and the reward is high earnings for the successful individual. This book will try to explain the criteria necessary for success, including "personality types," capital requirements, and all other relevant factors. This book is a primer for Direct Access Electronic Trading utilizing high-powered electronic trade execution systems that combine ECNs and various electronic trading mechanisms. After you study this book and decide trading is for you, you will be in a position to prosper beyond your most optimistic expectations. |
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If you are unhappy in your current field of endeavor, this book will offer you a window of opportunity you might not have thought existed. If you are currently active in the market, this book may cause you to alter your approach to trading and learn to trade far more successfully while enjoying every minute of it. |
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SOES was created by Nasdaq for the instantaneous and automatic execution of small orders. When coupled with the alternative trading markets available on ECNs, it is the most effective way for the small market player to access the Nasdaq market. While SOES coupled with the ECNs is presently, in my opinion, the most effective DAET mechanism, there are other order routing but not order execution systems utilized by virtually every stock exchange. |
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The existence of SOES, SelectNet, and the ECNs has eliminated significant advantages enjoyed for years by the market-making community. They enable the average person to get an "honest" (as described by the head of the NASD himself), immediate, legitimate execution and to bid and offer shares in between the spread to achieve better prices. The |
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