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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (704)6/14/1999 2:17:00 PM
From: -  Read Replies (2) | Respond to of 18137
 
Ry, thanks for the report on the Chris Farrell interview, I was just recommending this book to our friend & threadmaster Eric earlier today, for it's insights into "games the specialist play" on listed stocks (Day Trade Online, 1999 John Wiley & Sons $29.95). I recently purchased this book (available on AMZN) and gave it the one-hour pre-read "skim" to glean the high points. It is definitely worth serious study, although his style is so conservative that I doubt I could ever trade that way without becoming seriously bored and under-stimulated ;) He likes very nonvolatile stocks, and makes his money scalping the bid-ask spread for 1/16ths and 1/8ths by outsmarting the specialist. But, there IS a lot of new information in his book which could be quite useful, even for some NASDAQ traders. And, his general approach to trading is very sound. I'd agree with him on starting capital levels, per my rationale in previous posts, suspect you would too.

Regards, -Steve



To: Raymond Duray who wrote (704)6/14/1999 4:53:00 PM
From: ynot  Respond to of 18137
 
ditto on the quality of the book, when you read it you know why he is relaxed...walked into a SOES office in Toronto today, what a dump, traders vibrating, ergonomics out of the 30's...a home internet connections would be better, i think

comments on SOES from anybody,works out to $2,000 cdn, $1,300US in min trading commissions (ie rent) seems like robbery...but instant trade

thanks
ynot :)



To: Raymond Duray who wrote (704)6/14/1999 7:44:00 PM
From: jtsaratoga  Respond to of 18137
 
Any recommendation on good brokers to trade NYSE? I am looking for brokers who have fast execution/confirmation (< 5 seconds) and reasonable commission (< $.02/share).

I seldom trade on NYSE issues because the above reasons plus one could never buy at bid and sell at ask. I hate to give up the spread (1/4 or more) to specialists.

Is this just me?

JT