Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Robert V. Cavaleri who wrote (1704)	12/20/1998 8:35:00 PM
From: Roman S.	Read Replies (1) of 2120

re: 56k modems. Just wanted to add my 2 cents on this subject, though it's a little late. I was using 1 56k modem getting rtIII info from PC quote and 2 browser windows open, 1 for Yahoo and the other to my broker NDB. I found that trying to get an order in during the first 5 minutes of the market open was terrible because of all the incoming data pretty much taking up all the bandwidth. Then I tried using 2 computers with 2 56k modems on 2 separate lines, hoping to alleviate that problem. It got better, but to me it still seemed a little slow. Finally, I figured the extra $400 bucks to go with ISDN is the profits on one good trade. And I don't regret it one minute. 1) Now I don't lose any packets of data. 2) I was in on a trade Friday within the first 15 seconds of the market open, with as close to the open price as you could get. 3) I see executions of my trades (market orders) go thru within 3-4 seconds of hitting the 'submit' button. If you are serious about daytrading, don't skimp on the equipment. Having the fastest connection, up to the second self updating quotes, and a fast broker are all the foundation on which you build your winning trades. Costs: US Robotics ISDN modem $190 Telephone line hookup $140 + 30/month service (Chicago, IL) ISP Account $25/month for 100 hours (3.50 each additional hour over 100. Currently looking for one that has unlimited access for this price.)

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