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Strategies & Market Trends : From the Trading Desk

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To: GT who wrote (3628)	9/21/1998 4:32:00 PM
From: TraderAlan	Read Replies (2) of 4969

Gorcon, I am -seriously- thinking of leaving my direct entry system (through a Terra Nova affiliate) and going back to a discount broker. The non-executions, getting in and out, in Real Tick have cost me a lot of money. And I'm constantly getting stuck with multiple commissions when my orders gets partial fills and the market ticks away from my limit. Also when the market is moving, beating the spread has almost never worked and cost me money by missing the trade. I'm extremely disappointed with the EDT hype and believe slippage overall is much worse than a pay-for-order-flow system. Maybe someone can scalp 1/8th on this system all day for BIG profits but I can't figure how you cut your risk to make this feasible. You scalp an 1/8th at $20+ comm and make $22 on 500, but losing an 1/8th costs $102. As they say: DO THE MATH <g> Alan

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