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Strategies & Market Trends : SOES Trading

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To: mark mallen who wrote (1004)	11/9/1997 12:26:00 PM
From: Chris Block	Read Replies (2) of 1618

Remote trading is not for new traders. To measure the disadvatage of remote trading you must figure in your risk parameters and opportunity costs. Let me explain: I assume you are remote trading because you do not want to take the risk of quiting your current job and daytrading full time. At he same time however you are able to receive a paycheck from your current employer. Trading is about information flow. The more you have, the better you do (ceteris paribus). When you trade remotely, you loose the flow of information from other traders. I do not know of any market makers that trade remotely, although technology would allow it. That brings up another issue. Since most daytrading firms are on the cutting edge of technology, by definition systems may fail. It is less risky for a traders system to fail when they are sitting in a trading room with alternatives as opposed to their bedroom. At this time we only offer remote trading to very experience active daytraders. (unlike Altech) Commissions vary from $15 to $25 depending on location, volume, and attitude.

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