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

To: Teresa Lo who wrote (1176)	6/20/1999 7:56:00 PM
From: keith massey	Read Replies (2) \| Respond to of 18137

Full service firms with brokers who actually know their clients do not go through this check every time a client enters an order, because they already know them With Schwab's day trading feature with PCQuotes they say they don't use the "know your client" ($60Can (40U.S). round trip for any amounts). The say that orders are routed directly because they already have your name on a list and know you don't need to be checked up on. Using this system you can have bids hit the floor in a couple of seconds. However the big problem with the system is consistency. Sometimes it takes a couple of seconds and on really bad days it can take over a minute. Schwab blames it on the TSE not being able to keep up with order and say they send them in. Not sure who is tell the truth. Best Regards KEITH

To: Teresa Lo who wrote (1176)	6/20/1999 9:01:00 PM
From: -	Read Replies (3) \| Respond to of 18137

<re: FYI, www.tigerinvestor.com articles on short-term trading> Fellow DT threaders - I am starting to post some new, more lengthy position-peice type articles on short-term stock trading methodology at the TigerInvestor website, writing as "Palo Alto Trader". The first article posted there "Why Short Term Trading?" is a rationale for just exactly WHY I trade on a short-term basis, vs. investing on a longer-term basis, and a description of what future stock trading topics that I'll be writing about. I'll have new articles posted there several times a month, sometimes more. It was suggested that I could post them on the thread too, but my agreement with TI precludes that, so I will post notice here if there's some interest. Or, just visit the site! I'll still be on the thread too, of course. My home away from home, the Si DT thread <G> Good trading, -Steve