Examples of strategic objectives

Examples of strategic objectivesExamples of Strategic Objectives

Strategic Objectives are one of the fundamental building blocks of your strategic plan. For the intensive purpose of this post, we’ve put together below a short list of common strategic objectives.

As a quick refresher, remember that strategic objectives are long-term and should be aligned with your organization’s mission and vision. If you need an in-depth explanation of strategic objectives and how to identify and create them, click here to watch the video .

We prefer to organize these objectives into these four buckets:

Financial Strategic Objectives

Financial Growth: To exceed $10 million in the next ten years.

Financial Growth: To increase revenue by 10% annually.

Financial Efficiency: To decrease expenses by 5%.

Financial Efficiency: To increase net profit by 10% annually.

Customer/Constituent Strategic Objectives

Current Customer: Expand sales to existing customers.

Current Customer: Increase customer retention.

Current Customer: Achieve and maintain outstanding customer service.

Current Customer: Develop and use a customer database.

New Customer: Introduce existing products into a new market.

New Customer: Introduce new products to new and existing markets.

New Customer: To expand sales to the global marketplace.

Customer Service: Improve our service approach for new and existing customers.

Internal/Operational Strategic Objectives

Product/Service/Program Mngt: To have all product meet standard of excellence guidelines. (Some businesses prefer to list their individual product or services as separate objectives.)

Operations Mngt: Capitalize on physical facilities (location, capacity, etc.).

Operations Mngt: Increase community outreach.

Technology Mngt: Increase efficiencies through use of wireless or virtual technology.

Communication Mngt: Improve internal communications.

Customer Mngt: To execute and maintain a CRM process that is producing results.

Marketing Mngt: Develop and implement a promotional plan to drive increased business.

Alliance Mngt: Establish one new strategic alliance annually.

Channel Mngt: Improve distributor and/or supplier relationships.

People/Learning Strategic Objectives

People: Employ professionals who create success for customers.

Training: To develop the leadership abilities and potential of our team.

Culture: To align incentives and staff rewards with performance.

Knowledge: To continually learn and adopt current best practices.

Remember, these are just examples of strategic objectives. Sometimes seeing an example makes understanding the process easier.

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% kats lee

very greatful with the source of information provided to me. it has helped me as a student of project planning and entrepreneurship to do the work in relation to my course assignment.

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Joan

Makes it easy for me as a student to have a grip of what objectives are and in particular the way they are spelt out. As a PR student am now able answer at least some questions about PR objectrives

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Kristin Larsen

Hi Joan, Were glad you found this helpful. Happy studies!

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Samsara

This is very detailed, relevant information and very useful to me as a new entrepreneur in organizational consulting! Thank you so much

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Kristin Larsen

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Mustafa Al Mahdi

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Kristin Larsen

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Adaobi Osanebi

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Aleizer Jasmin

This would really help me in my Strategic Management paper. Thank you!

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Aleck Chipenyu

this is useful information. i have benefited from it on my studies and strategic objectives planning in my small business.

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Andile Ngcobo

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Tabeth Rashirai

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Amit Vaishnav

found it very good and informative. it educates me to set something strategically for the benefit of my organisation and to grow it.

further more i would like to know every organisation having different departments to fulfill particular requirements. say purchase/procurement, finance/accounts, personnel management/HR. I request you to guide on departmental stratagic ideas too.

Thanks a ton..

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% omwansa charles

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Ramesh Krishnan

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Hana J

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% VJ

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Philip

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Mirriam Lawrence

3A%2F%2F1.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Suriyanarayanan Raja

A well thought out document. Found interesting and useful

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% kasuni

very informative. thank you very much.

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Mirriam Lawrence

I find this very helpful and just in time for my strategic assignment. Thank you and continue providing such information.

3A%2F%2F0.gravatar%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D48r=PG" /% Nancy

The00-level dashboard

The00-level dashboardThe 00-Level Dashboard!

The 00-Level Dashboard is a state of the art, semi-automated Forex trading system which makes profitable trading as simple and easy as it possibly gets. It continuously analyzes a variety of technical market conditions and provides you with precise entry signals through audio, e-mail and push notifications whenever a new high probability setup has been detected.

READ ON to learn what the 00-Level Dashboard can do for you and why Forex trading does not have to be complicated!

Precise Signals and Clear Trading Rules

The 00-Level Dashboard is available for a monthly subscription fee of only $49.00 USD. There are no other hidden fees. That's just a few dollars a day! If you place your order now, you will receive the complete 00-Level Dashboard package within 1 business day, usually the same day!

Get Started NOW! Just click the Subscribe button to start using the 00-Level Dashboard and Make Some Profits!

Thread where on earth is level2

Thread where on earth is level2Thread: Where on earth is level 2.

Where on earth is level 2.

Ok guys I am looking for a demo trading platform with level 2 quotes.

Preferably Australian based but not necessarily.

I have been studying metatrader for some time and now feel I would like to look at level 2 quotes.

Metatrader 4 doesn’t have this capability that I know of.

I downloaded a demo of ninja trader only to discover the level 2 quotes don’t show you the ID of the bids and asks. I also joined another US company Sterling trader that says their demo platform has level 2 only to discover they send an email with no password for the demo account. LOL

Dose anyone know where I can get a demo of level 2.

Free level2stock quotes

Free level2stock quotesFree Level 2 Stock Quotes

May 10, 2013 Written By - Elisa Lee

InvestorsHub. Harrisonville MO

Free Level 2 Stock Quotes are available at InvestorsHub and ADVFN. If you want to see the Level 2 Order Book for your stock, then we have what you need. You can view Level 2 Quotes for any stock exchange in North America. Our Level 2 service is available both on the desktop computer and in mobile apps

Free Level 2 OTC stock quotes are available in a package named Small Cap Pro. You can get unlimited free Level 1 OTC stock quotes for all American stock exchanges, including OTC BB and OTC Markets. Small Cap Pro also has free Level 2 for all OTC Markets and OTCBB stocks.

InvestorsHub free Level 2 is ideal for active stock traders. Being able to see your stock's order book is very important when every penny counts. If you are trading stocks on the move, then our mobile app Level 2 is perfect for you. Trading stocks without real time quotes is like saying you don't like money. All the opportunities will be gone before you have a chance to react and profit. Sign up for free level 2 today.

Instructions For Free Level 2

2. Contact customer support via phone, email, or online live chat.

Level ii and day trading

Level ii and day tradingLevel II and Day Trading

Let's focus on the Nasdaq for the purposes of this page. Level II is a day trading system which provides a list of all buyers and sellers for each stock being day traded on the Nasdaq exchange. Bids (i. e. requests from buyers to purchase quantities of stocks) are arranged in price order (from the highest bid to the lowest bid) and Asks (sellers - the opposit of buyers) are arranged from the lowest to highest price.

NASDAQ Level II allows a day trader to guage the depth of the market - how much liquidity there is, where the likely thin spots are and so on. It can therefore help in deciding whether to place a day trade or not. If you wish to use a level II system with any degree of success, a day trading player must discover the importance of each market participant and market maker he can see on the screen. This takes time and effort - other players have worked hard for this day trading secret information and are unlikely to share it with you for free.

A direct access day trading system that utilises NASDAQ Level II makes day trading rather more likely to succeed, as it will 'level the field', i. e. it is almost the last piece of information that can be legally obtained (being able to see the market maker's book would be the last piece of info!). Some trading accounts provide this info free - for example at time of writing Ameritrade supply a java-based Level II viewer for th eIsland network.

How to trade nifty futures and bank nifty futures as per trend changer level

How to trade nifty futures and bank nifty futures as per trend changer levelHow to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Trend Changer is a positional strategy for trading in Nifty Futures, Bank Nifty Futures and Stock Futures.

Trend Changer Level as its name indicates is a pivotal number which reflects the balance of power within Nifty and Bank Nifty Futures. Its a number where Bulls and Bears are Neutralized. Once either of them are able to go beyond the Trend Changer number decisively, big gains are made as seen in 04 Sep when Nifty Trend Changer level was 5430 and Nifty has been rallying hard closed at 5706 and as we write SGX is trading at 5769, gain of 340 points in 3 trading days.

But there are many occasions, a keen tussle develops at such a point to wrest back the control as was evident on 04th sept. When Bank Nifty Trend Changer level was 8982 and on 05 Sep it open at 9225 loss of 244 Points.

Where can a trade get Trend Change Level?

Trend Changer level is published everyday on the site as part of FII data analysis. It is published both for Nifty Futures and Bank Nifty Futures.

How to Trade as per Trend Changer level?

If you are an aggressive trader take position as and when NF sustains above TC level for 5 minutes keeping 20 points SL for NF and 50 points for BNF.

If you are conservative trader wait for EOD close above the levels but many times it might happen Nifty has rallied more than 50-100 points intraday and this will deter trader from taking positions.

Part Booking and TSL should be mandatory once positions comes in your favor. Trading Positions are reversed when NF and BNF starts trading below the Trend Changer level.

Trading Capital required?

As Trend Changer level is a positional strategy for trading Nifty and Bank Nifty Futures Traders should have Capital more than 75K

Option approval levels explained

Option approval levels explainedOption Approval Levels Explained

A breakdown of Levels 1 through 4

Mar 31, 2009, 5:42 am EST | By Josip Causic

Option level approval is a commonly overlooked area of option trading. When a person opens an account, the broker assigns them one of several option approval levels supposedly based on the option traders knowledge and needs.

In many instances, the students in the Options Trader courses I have recently taught did not know what level of approval they had, and a few students were unaware that the levels even existed.

I suggest that anyone who is uncertain of their option approval level contact his or her broker to find out which level of option approval their account has. It is possible to fill out additional paperwork and to have the level of approval bumped up. However, it does to take time to do it. Faxing the paperwork might expedite the process a bit.

Usually there are four option approval levels, generally ranked from one to four, the highest rank being the highest level of approval. The higher levels allow the trading of the strategies listed in the lower levels. For instance, Level 3 allows not only for spread trading. but also for going long on calls and puts which were included in Level 2. Thus, each level is cumulative.

At any rate, there is no official standard of what strategies could be traded at which level. The table below presents universal industry guidelines in terms of strategies commonly associated with each level. I have also added another column for abbreviation. I usually mark a long position with a plus in parentheses, while for a short position I use a minus sign. Calls are marked by “c” and puts by “p”.

Pivot points in forex trading forex strategies for success

Pivot points in forex trading forex strategies for successPivot points in Forex Trading: Forex strategies for success

Pivot points show us the levels in which prices may change. With a couple of simple calculations, forex traders are able

to get a general idea about direction in which prices are moving during the day. Pivot points are calculated using a couple of mathematical formulas and data of the previous day or the last trading session (maximum price (H), minimum price (L) and closing price (C)). The sequence of points resulting from the calculations is important to determine the levels of support and resistance.

Here is the formula to calculate the pivot points:

PP = (H + L + C)/3.

Once we have calculated pivot points, it's easy to get the levels of support and resistance.

First level of support and resistance:

- Resistance (R1) = (2 * P) - Low Price

- Support (S1) = (2 * P) - High Price

Second level of support and resistance:

- Resistance (R2) = P + (R1 - S1)

- Support (S2) = P - (R1 - S1)

Third level of support and resistance:

- Resistance (R3) = Price High + 2 * (P - Price Low)

- Support (S3) = Price Low - 2 * (Price High - P)

Often, Pivot points are calculated automatically by trading platforms. All you have to do is to understand the meaning

of pivot points and their use. First of all, we must always remember that pivot points are short-term indicators and

therefore are useful only for a day. Below, they will need to be recalculated.

Pivot points are able to foresee two things:

- general market trend: if the price of pivot points is upward, the market is bullish, if the price of pivot points

is downward, the market is bearish.

- levels of entry and exit the market: a forex trader could put a limit to his orders every time the price goes beyond the resistance level. Similarly, you can set a stop-loss when the support level is exceeded.

Each time a currency pair reaches the resistance level, it's very likely you should sell the pair and stop just above the

resistance level. Each time the currency pair reaches the lowest support level, it's very likely you should buy the pair and stop below the support level.

The following are some suggestions that should be stored:

- When the price is at the Pivot point level, it's likely a return to the first resistance level or the first support level.

- When the price is at the first resistance level, it's likely a move to the second resistance level or a return to the Pivot point.

- When the price is at the first support level, it's likely a move to the second support level or a return to the Pivot

- When the price is at the second resistance level, it's likely a move to the third resistance level or a return to the first resistance level.

- When the price is at the second support level, it's likely a movement to the third support level or a return to the

first support level.

Pivot points appear to be a perfect indicator to predict the market trend, but it's not so. Sometimes the price hangs near pivot points, making it difficult to predict what will be the next movement. In other cases, the price does not even reach the Pivot points line. Therefore, the Pivot points strategy is not foolproof and you must be very careful.

Forex signals mt4dashboard indicator

Forex signals mt4dashboard indicatorForex Signals MT4 Dashboard Indicator

The forex signals dashboard indicator provides signals on the following currency pairs: GBP/JPY, GBP/USD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, USD/CAD, USD/CHF and USD/JPY. It comes with 2 entry levels, suggested stop-loss price and 2 take profit levels.

Trading Signals

Buy: First the signal must be a buy, then buy at entry1/2 level and set stop-loss and take profit level(s). For example, close half of the position at take profit level 1 and close half at level 2.

Sell: First the signal must be a sell, then sell at entry1/2 level and set stop-loss and take profit level(s).

Indicator Preferences

Currency pairs: any

Preferred Time frames: any

Options accounts trading levels

Options accounts trading levelsOptions Accounts Trading Levels

Options Accounts Trading Levels - Introduction

The very first thing that stands in the way of a beginner to options trading is the long risk compliance form that needs to be filled out when opening an options account. After the form is filled out and the account started, they are usually greeted with the shocking and frustrating realization that they are unable to perform most of the sexy options strategies that they have learnt due to insufficient "Trading Level" or "Approval Level".

What exactly are options accounts trading levels? What is the purpose of trading levels, how are they determined and how can you increase your trading level?

Confidently, Trading Options In The US Market Even In A Recession!

Options Account Trading Levels - Purpose

Options Account Trading Level 5

Main Factors Which Determine Your Initial Trading Level

What is the minimum deposit

What is the minimum depositWhat is the minimum deposit?

RoboForex does not set limits for the minimum deposit. In other words, the minimum deposit can equal zero. However, to make a deal, you must deposit a reserve funds to open positions. For example, for the Fix-cent accounts with 1:500 level, the minimum possible transaction is 20 cents, and for the Pro-standard accounts with 1:100 level, the minimum possible deal is $10. The customer may choose the level when opening an account. Thats why we recomend a minimum deposit of 10 USD on the cent accounts and 50 USD on the standart accounts.

Risk Warning.

There is a high level of risk involved when trading leveraged products such as Forex. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration the level of your experience. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice.

Introduction to level ii quotes

Introduction to level ii quotesIntroduction To Level II Quotes

Level II can provide enormous insight into a stock's price action. It can tell you what type of traders are buying or selling a stock, where the stock is likely to head in the near term, and much more. Here we explain what level II is, how it works and how it can help you better understand open interest in a given stock.

The most important market maker to look for is called the ax. This is the market maker that controls the price action in a given stock. You can find out which market maker this is by watching the level II action for a few days - the market maker who consistently dominates the price action is the ax. Many day traders make sure to trade with the ax because it typically results in a higher probability of success.

Why Use Level II?

Level II quotes can tell you a lot about what is happening with a given stock:

You can tell what kind of buying is taking place - retail or institutional - by looking at the type of market participants involved. Large institutions do not use the same market makers as retail traders.

If you look at ECN order sizes for irregularities, you can tell when institutional players are trying to keep the buying quiet (which can mean a buyout or accumulation is taking place). We'll take a look at how you can detect similar irregularities below.

By trading with the ax when the price is trending, you can greatly increase your odds of a successful trade. Remember, the ax provides liquidity, but its traders are out there to make a profit just like anyone else.

By looking for trades that take place in between the bid and ask, you can tell when a strong trend is about to come to an end. This is because these trades are often placed by large traders who take a small loss in order to make sure that they get out of the stock in time.

Murrey math lines eur

Murrey math lines eurMurrey Math Lines: EUR/USD, USD/CAD

Analysis for November 2nd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is being corrected at the bottom of the H4 chart. On Monday, the pair may test the daily Super Trend. If the price rebound from it, the market will resume falling.

The lines at the H4 and H1 charts are completely the same. As soon as the pair is able to stay under Super Trends, I’m planning to open another sell order. If the price breaks the -2/8 level, the lines at the chart will be redrawn.

USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar has rebounded from the daily Super Trend. If the price is able to stay above the 3/8 level, the pair will resume moving upwards. In this case, the closest target will be at the 5/8 level: if the market breaks this level as well, it will continue growing much higher.

As we can see at the H1 chart, the pair was supported by the 6/8 level. If Super Trends form “bullish cross”, the market will resume moving upwards. After the price breaks the As we can see at the H1 chart, the pair was supported by the 6/8 level. If Super Trends form “bullish cross”, the market will resume moving upwards. After the price breaks the 8/8 level, the target will be at the +2/8 one. level, the target will be at the +2/8 one.

3rules to draw perfect support and resistance levels

3rules to draw perfect support and resistance levels3 Rules to draw perfect Support and Resistance levels

What are the most important concepts when it comes to forecast any financial market (Forex, stocks, futures, etc)? I think support and resistance levels, some traders might disagree with me, but the information we could get from these levels could actually help us trade with better results.

There are three things the market could do after hitting a support or resistance level:

Retrace

Change direction

Stall

Knowing what the market is likely to do after reaching one of these levels, we could adapt our strategy to trade based on that information . on what the market is likely to do. Therefore, we need to know how to draw support and resistance levels and be prepared to make the necessary changes to our strategy: move your stop loss levels, close your trade, add to your trade, etc.

But first things first, what are these support and resistance levels:

Support level . Is a level in which the market has been rejected at least twice and it is keeping the market from reaching lower levels.

Resistance level . is a level in which the market has been rejected at least twice and it is keeping the market from reaching higher levels.

Is it important to know why the market has been rejected from these levels?

No, it isnt. I don’t care why the market was rejected from an important level, what is important for me is to determine what the market is likely to do on the following hours/days (after the rejection has happened) so I can profit from it. It’s not important to determine why the market moved up or down, what is important is: whether or not you profited from it, isnt it?

There could be many reasons of why the market has been rejected from these levels: accumulation of buy orders (at a support level) or sell orders (at a resistance level), buyers are attracted by the lower levels (support level) or sellers attracted by the higher levels (resistance level), buyers think or feel the market will go higher (support) or sellers think or feel the market will go lower, etc. But for sure, no one knows the reason behind market rejections, but again, it doesn’t matter, what is important for us is to determine what we are going to do after the rejection. Plus, there is no way of knowing exactly why the market topped or bottomed at certain level.

As a side note, there will always be someone telling you what caused the rejection of the market at one important level, but now you know the analyst or trader is just bluffing.

3 Simple rules to draw perfect support and resistance levels

Rule No. 1 . the market needs to get rejected at least twice from the level (not one, twice).

Rule No. 2 . the more rejections the level has, the more important it becomes

Rule No. 3 . most recent rejections are more important than less recent rejections

A chart is worth a thousand words :)

The resistance level (blue line at the top) it’s very important, the market has been rejected three times from the same level. If there was another resistance level near this one, with only two rejections, the one marked on blue would be more important.

Now, about the support levels (both have three rejections), which one is more important? I’d say support level B, because it is more recent than support level A. So If I was trading this currency pair, I’d take in consideration only support level B.

There is one rule that I always follow . only take on consideration the support and resistance levels that the market is actually taking in consideration. Why would I act based on a level that the market is responding to? Right?

One important thing to consider . support and resistance levels are more like zones instead of levels. So don’t break your head trying to figure out where to draw your level: at close of the candlestick, at the lowest low, etc. Just draw it where it touches the most rejections.

What do you think?

Feel free to comment, you don’t have to agree with me in order to leave a comment. And don’t forget to like it or tweet it if you found this article useful.

Nasdaq level ii trading strategies pdf

Nasdaq level ii trading strategies pdfProduct Description:

Trade like the real pros do - using Nasdaq Level II quotes. Here's the first at-home training session on how effective traders interpret and profit from reading Nasdaq Level II quotes. As an Online Trading Academy instructor, Mike McMahon has real world experience transitioning traders to the new online era-and he knows exactly what to focus on-and how to make it understandable to any trader. You'll learn to: - Maximize each trade by reading the Level II screen - Understand the difference between the Level I and Level II screens - Select the right routing system - Spot hot trading opportunities by watching the actions of the market makers and more.

20links/images/nasdaq%20side. jpg" /%

Program Trading and NASDAQ Level II from HL Camp & Co.

Day Trading NASDAQ Level II

Are you using Level II? No? Still on Level I with your broker? Or, don't have a clue?

Here is what you need to know if you are going to be successful at day trading.

NASDAQ provides three levels of service for stock quotations on their otc system:

Level I displays the best bid and the best offer for a particular stock. It was designed for stockbrokers to give them a good general indication of a stock's current market. But because of program trading and other fast market fluctuations, this information may not be accurate for you.

Level II displays all of the bids and all of the offers and the actual size of those bids and offers from every market maker in a particular stock. It was designed for broker/dealer firms to see what all of the market makers were doing with a particular stock at the exact same time, and therefore much more of a reliable indicator of a stock's true market and worth. But, only in the past few years has Level II become available for use by the general public, usually through other broker/dealers that specialize in electronic day trading of NASDAQ securities. And this is a very big deal if you are flipping NASDAQ stocks.

Level III does everything that the other two levels do, plus it allows a particular market maker to go into the system and change his bids and offers and size on the stocks in which he makes a market. A market maker can make those changes at any time, no matter what is quoted on Level I or Level II. So if you have seen the price and size change on Level II right before your eyes and for no apparent reason, remember that all market makers stay glued to the SP 500 Futures Contract price first and foremost. For more information on that, click here .

Most day traders now use Level II screens and pay special attention to what ever GSCO, SBSH, and MLCO are doing in their stocks. But the best four letter symbol that the most profitable day traders use is not even on a Level II screen. And there is only one firm in the world, whose entire research effort and day trading research is based on it.

We are the firm. The symbol is PREM (PREM, $PREM, PREM. X, $SPS, $SPINX).

Want to know some more NASDAQ Day Trading Secrets . Then click here .

Want to know which Level II Market Makers we watch? Then click here .

Looking for some more Program Trading Indicators . Then click here .