NASD Scalping Question

[rtharp]

Originally posted by hapaboy
In general, then, can it be said that given two liquid stocks, one NASD & the other listed, that a trader can get out faster and with a smaller loss on the NASD position (by being able to get immediate execution on an ECN a tad out of the market - with listed you can't see the level of the bids like you can on Level 2 NASD)?

One problem with Level 2 is the ability to post fake bids /offers or the ability to hide your size with reserve orders


Robert

 

[hapaboy]

Your comments are greatly appreciated.

Good trading to all of you.

 

[Vinny1]

Originally posted by rtharp


One problem with Level 2 is the ability to post fake bids /offers or the ability to hide your size with reserve orders


Robert

The specialists post fake bids and offers quite often. An offer is there,you go to take it and you get bid there without any stock trading there. A bid is there and you go to hit it,and you get offered there.As far as hiding size goes, do you think the specialist shows his hand,let alone the floor brokers?

 

[Turlo]

With the advent of NX, listed stocks can be great for scalping (up to 1000 shares). Look for volume in a stock that moves 2 - 3 points a day.

 

[hapaboy]

Are they one and the same?

If not, what are the differences?

Thanks.