Phillip,
Thanks for the information, I'll call Michael about getting onboard CyberTrader next week. As I may have mentioned, DayTrading with the typical online discount brokers is difficult, especially getting a good buy on an uptick. The MM seems to take too much of the gain vs risk during a open market execution, so I have been mostly 'multi-daytrading' with good success.
I feel with your toolset I can successfully DayTrade, buy passing both the MM and the broker overhead, which I estimate to represent most of the potential gain in DayTrading. Without having access to all the potential gain, one can not come out with enough profit, as there will be trades that go the wrong way. Only by taking the full reward can a trader be successful, and your technology brings this possibility to the investor who wishes to compete with the big boys.
Most investors have to take advantage of the index like gains that generic funds provide. Longterm, funds follow the market with few exceptions. There are so many funds today that one might as well invest in stocks, at least he/she knows what they own. Investors tend to resort to funds for two main reasons; they don't want to spend the time, or, as I have, they have noticed that using a full service broker and MM gives away too much of the profit for the risk one takes with their capital.
Thanks Again,
John Ritter |
