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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (2299)1/15/1998 10:26:00 PM
From: funk  Read Replies (2) of 12617
 
My most wrongheaded decision was to start daytrading with a nine dollar internet broker that used browser based software for quotes and executions. It was ridiculous and I am thankful I got away from them when I did. Nine dollar executions are so inefficient. Slippage in poor entries and exits, not knowing if i filled or not, and missed trades created the most expensive "discount" I ever have received.

Some say that fast quotes and executions don't make a bad trader good. I agree. However a fair trader will succeed with what is now available. imo

I thought day trading was fun and I was doing it the hard way, believe me.

Nine dollar internet brokers are bicycles.

Profits lurk in the volatility of the market.

The market is a freight train barreling down the mountain.

Your trade is the crossing with the light flashing and the bells ringing.

If you want to make the trade. You have to cross the tracks.

I used a $9 internet broker last year.

I had to peddle like hell.

I left the bicycles to the kids and weekend hobbyists.

Now with the brokerage I use, when I cross the tracks I feel much safer.

The market is still formitable and the train still out weighs me a trillion to one, but I'm not peddling a bicycle any more either.

When I approach the trade I feel more confident.

Confidence is something I personally need to trade successfully.

All position traders and satisfied traders please disregard this post.

long live daytrading

funk
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