The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: steve goldman who wrote (4076)	5/12/1998 6:14:00 PM
From: TFF	Read Replies (2) of 12617

Steve: I was in #daytraders chatroom on MIRC today for the first time in a long time.THERE WERE 600 TRADERS IN THERE!!! The room itself provides all the Inplay news fron Briefing.com/CNBC and selected news on hot stocks as well as market guide fundamentals on stocks inplay. Unfortunately the room moves waaay to quick to read much of what is posted. It does,however, show you the power of the internet to bring traders together, as many traders seem to play the same stocks throughout the day. I remember going in there 6 months ago and was much less organized. The general level of sophistication of daytraders seems to be rising. Most are aware of how to use ECN's, Instinet, different types of basic strategies and so on. The one problem I see which hasn't changed is that many are still trying to catch that ONE hot stock during the day. Although many are learning and are now taking the opposite side of the trades and making good money. It will be very interesting to see how these types of trader communities evolve over the next 2-5 years.

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