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Strategies & Market Trends : SOES Trading

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To: Street Walker who wrote (1238)2/16/1998 10:50:00 AM
From: UBIGMESMALL  Read Replies (1) of 1618
 
Q:I have never understood why anyone would want to
trade at a SOES house when they can just do it in the
comfort of their own home. Reasons?

A: 1. Speed of execution. If you are using a dial up phone line the speed of info is not as fast as being on site, with faster pipe.
2. More eyes and ears. One can't scan the entire market, by being in an environment with other traders you can pick up on moves that you would have missed.
3. Friendship, simply dealing with people that are in the same game. Having some support after a loosing streak, or party time after a great rally, etc.
4. Instant tech support for any trading/software/hardware problems that may occur.
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