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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER!

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To: Tim Luke who wrote (998)4/16/1999 1:46:00 AM
From: Gary Korn  Read Replies (2) of 2045
 
Tim, here are my daytrading results from my first 8 days
at Watley. At the same time, I continued to trade at Fidelity
Spartan, and these results are listed as well. All trades were
scalps, so they lasted a few seconds to a minute.

It is evident that either I've yet to master the Watley (MBT,
Cyber, etc.) system, or my style of trading needs to change to
accomodate Watley's executions. It also is evident that Fidelity
works quite well for these scalps. In the last several days,
I've taken a break from Watley in order to stop the losses:

Day Fidelity Watley Total
04/05 61.78 ( 656.92) ( 595.14)
04/06 528.55 ( 89.70) 438.85
04/07 539.95 ( 161.01) 378.94
04/08 715.62 ( 19.01) 696.61
04/09 318.63 ( 463.78) ( 145.15)
04/12 249.28 (1,326.67) (1,077.39)
04/13 563.82 No Trades 563.82
04/14 1,869.30 No Trades 1,869.30

Total: 4,846.93 (2,717.09) 2,129.84

Gary Korn
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