You might want to read the post I just made to Chip. Someone posted to our site today about some electonic bad fill that he got...I'm about to try the electronic order entry on the big S&P and now I'm almost afraid...
This is the post:
To: Chip Carpenter (17297 )
From: IntelligentSpeculator.com
Thursday, Mar 4 1999 8:01PM ET
Reply # of 17676
Yeah, it was a nice move today and we got on board for some of it. When you trade the big S&P contract, do you trade electronically? If so do you ever have experiences like this, which was posted to our web site today?
" 01:57 pm PST - hope1: FG, i had a 3pts slippage on spoos today when cubs was down. at 1:55 ct sp traded at 36.20 - 37, i sent in a buy not knowing cubs was down, the fill confirm came back at 3:08 ct and the fill was 1240. Could not do a thing about it cuz it was a fast market. I know someone was holding it back and filled it to his most advantage.
02:00 pm PST - hope1: electronic trading for spoos has been a disappointing experience. perhaps e-mini is better if one knows how to do it. i need thermo to tell me how he has done it and avoided all the unfortunate spikes in the minis. but he is nowhere to be found."
Personally I have always used the telephone for the big S&P, but have used Lind Online Direct for a week testing out their online interface using emini, which was fine...I'm almost afraid to try it on the big S&P when I hear stories like this..."
TradeStation is easy to use, but the 4.0 version is not Y2K compliant, so they promise to bring out a patch for it by June. Personally I am not waiting and will just shell out the $500 for TradeStation 2000i. The reason for doing so is that the web based charts are just not as good. You can't manipulate anything with ease, such as trendlines, indicators (not that I use many), chart size, etc. I know I am paying a lot of money for an interface only, but hey, it is more reliable than most of the web based charts for now.
I have been watching the emini volume. It works great with my style of trading and has been very helpful.
Take care.
Teresa |
