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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: ciVic who wrote (5040)	7/17/1999 2:59:00 AM
From: -	Read Replies (1) \| Respond to of 7382

CiVic - glad to help, dude. Honest opinion? MB Trading is run by some solid, very reliable guys, Steve & Ross. They don't blow their own horn, but it's a smooth-running, very classy operation with a large staff all with the right attitude, can't beat it -- everything gets done, and nothing turns into a mystery like so many similar brokerages. Most people at MBT seem to have trading experience/interest but are not trading now, so they are savvy and taking care of operations, customers, their network and servers, customer issues, etc. Result? Best place to trade! I am not affiliated or paid off <g>, just a private trader who's brokeraged all over (I'm Palo Alto on www.TigerInvestor.com, you can get my war stories and background there). Another great thing about MBT is, they are affiliated with Terranova so you get excellent direct-access to ARCA ECN (different than just getting TNTO quotes and indirect ARCA access), which is a terrific complement to ISLD. Most daytraders just learn the ISLD tricks and never discover ARCA... especially if you trade large it's a godsend (the ARCA ECN was valued at over $100M by private investors including Goldman Sachs & JP Morgan... think about that). I've done some Tutorial posts about ARCA over on the Daytrading Fundamentals thread, and there is some good info on MBT's site. Also check out www.phactor.com... RTIII is pretty good but you have to work with it for a while to get it setup right, I still use other charting SW to complement it. Also, recommend you consider getting 'Position Manager' and 'StockTax' from Madhur as a complement to RTIII (see Si thread on "RIM"). Good trading, -Steve

To: ciVic who wrote (5040)	7/17/1999 3:10:00 AM
From: -	Read Replies (4) \| Respond to of 7382

ciVic, P.S. regarding AB Watley and Datek. AB Watley has been on my short list for a while, they are pretty good but no ARCA, and their performance is much less consistent - they have been really ticking people off recently (big-time) for example. This is a pattern for them, they have new management and are looking for a .com IPO, but I've always remained a little nervous. So, recommend further research there. Datek is kind of the bad-boy of online brokers. Of course they have a zillion daytraders in-house, both trading their own money and in closely affiliated daytrading firms (they own the ISLD ECN), so there's a tremendous liquidity for anything you bid/offer there... as a result the fills are tremendous, for a web-broker. They have been fined and reprimanded recently for irregularities, but I doubt if they are really that bad; they are more likely just a juicy, well-deserving target for regulators (although, it's widely agreed among traders in-the-know that there are things that go on there we wouldn't want to know about ;). The big problem there is, they are known to "go down" a lot, locking you out. Most people that trade there recommend you keep "a second account". In otherwords, mileage varies. But, commissions are cheap. A software frontend called "Da Slinger" is widely raved about, but it is not in the same league as RealTick III... Just some more perspective, good luck. -Steve