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Non-Tech : Quote.com QCharts
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To: E. Davies who wrote (5518)1/14/2000 5:48:00 PM
From: Robert Graham  Read Replies (1) of 17977
 
You monitor positions after hours. And it is the "after hours" monitoring (or lack thereof) that is losing you money on your positions? Hmm...somehow this does not sound quite right to me.

I understand there are problems with QCharts. So far I have been able to manage the problems and still make money. But why are you trading after hours when you do not have a reliable data feed for that time of day? Also, if you are putting positions on during the day and holding overnight, and it is your lack of ability to monitor that has been costing you winnimg positions which end up losing you money, somehow this does not make much sense to me for a variety of reasons. For one, unless it has changed, ISLD book is available online for free seperate from QCHarts. And I really do not think it of much use to chart illiquid markets where the real players have gone home. There is no real benefit to it. I think what you should be interested in more is price levels when monitoring after hours. Then there is the limitations of trading after hours in an illiquid market that wuold need to be considered. I can go on, but I will stop here.

BWDIK.

Bob Graham

PS: Somehow this reminds me of a futures trader that complains of frequently getting whipsawed out of his positions. His answer was to find the "secret" that will keep him getting whipsawed from his winning positions. And the answer was "out there" somewhere. The problems was himself. IMO he was taking the wrong trades. Either his setups were incorrect and were prone to whipsaws, or his timing in entering the setup was incorrect. But his response was that he "KNOWS" he is doing this correctly. He apparently thought the problem was not with him and the trades he was taking. Not that this necissarily applies to you, but I thought I would relate this story to you just the same.
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