Quote from Picaso:
Fewer steps? If you mean as opposed to normal entry in a platform where you select an instrument, then a type of order, then a price, then add bracket orders, etc., indeed, but I would say most people here (at least those trading futures) trade out of a DOM, BookTrader, call it what you want where you're only one click away from a trade, so in that regard, no, I don't think it leads to overtrading.
I have found that, considering that most people end up introducing orders at the limit/ask +/- a tick or two, it leads to fewer entry errors.
Still, if you're good, you're going to be good with most entry systems and viceversa.
Good trading to you.
outstanding answer, and really, the only way to have answered that correctly.
Trading Technologies "dome", being one of the first to present electronic emini trading to the masses, has been licensed under lease to most of the retail applications out there presently.
for the other software vendors not under restriction, imposition of their patent or otherwise, then level II type interfaces does lead one to take pause of the market conditions and not be so hasty as to jump to the front of the list and attempt to execute their trade (i.e. market order).
instead they use Bid/Ask or +/- ticks away order types.
those hyper fast keyboards customized for specialists, that you can observe on any replay of NYSE floor conditions / traders really aren't suited for Emini trading scenarios, presuming one has already loaded the desired conttract up and is pouncing in on moves by market-end / market-out method
thanks for the thoughtful answer
good trading to you! too!
