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Re: SMSTrade post# 9205

Wednesday, 01/04/2012 11:12:27 AM

Wednesday, January 04, 2012 11:12:27 AM

Post# of 28870
I use Schwab StreetSmart Edge and Alpha Trade. And it is not magic. The MMs and Brokers code their trades in order to know what he tally is at the end of the day. It just so happens that I talked to my Broker to understand what the different colors meant. He explained it to me and I was both shocked and very happy to understand what I was seeing.

Colors:

Gray - MM to MM
Yellow - Retail Cover
Purple - Broker to MM
Light Blue - MM to Broker
Pink - Broker to Broker
Red - Retail Sell
Green - Retail Buy

Moving forward one day at a time. Think positive, amazing things can happen when you are happy. Anything that I state is speculation and my opinion only. Please do not take anything I say as information you should invest in.