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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Wacker1 who wrote (4153)5/14/1998 7:50:00 PM
From: steve goldman  Read Replies (1) of 12617
 
I agree that free quote services is great. I disagree entirely that day traders should be using this service. If you are day trading stocks, that is you are exposing large capital (%-wise large) on concentrated percentages of volatile stocks, you had better get your hands on a realtime quote service (figure $75 to $200 /month) else you'll end up costing yourself atleast that much in bad timing/executions, etc.

If you can't afford the $150avg/mo for quote services then you are undercapitalized. The $150 is one extra 3/16 a month, that all you have to do is make 3/16 one time on 1000 shares more for it and it pays for itself. Without it, who knows what you end up costing yourself.

Daytraders should be taking their professional seriously. Its a business with capital at risk. The NUMBER ONE, in terms of importance, you should have is a good quote service.

MM's, institutions, your competition, wouldnt have anything but the best...neither should you.

Regards,
Steve@yamner.com
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