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Re: phxgold post# 1893

Tuesday, 01/29/2008 11:35:20 PM

Tuesday, January 29, 2008 11:35:20 PM

Post# of 5932

Keep in mind that a large volume of retail trading goes thru Etrade right now so your competing with other retail customers. If a buyer/seller is ahead of you with an order less than 5,000 shares they will not show up on the box. They may actually be bidding higher or sitiing lower on the ask than you.

Also, Penson clearing will route orders from a multitude of brokers in an unsolicited fashion per request. By their discretion, traders can route orders so that you have no friggen idea their order is even in the que.

Wanna drive yourself crazy, think of Level 2 as a transparent and an even playing field for less than professional traders. It's all smoke and mirrors.

When Etrade does not represent you with over 5,000 shares you need to call them and tell the MM to get his ass in gear.