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Strategies & Market Trends : TradeStation - Why No thread for this mega product -- Ignore unavailable to you. Want to Upgrade?


To: Michael Watkins who wrote (102)2/13/2001 12:27:53 AM
From: Pierre  Read Replies (1) | Respond to of 147
 
Thanks for your thoughts, Michael. A couple of comments.

1. Combining charting and order execution is important sometimes. For instance, I find that swing trades trigger in groups and close in time - so the ability to load and fire helps. Also, breakouts seem to happen together - usually after the doldrums. Again, load and fire ability appeals to me there as well. The separation of charting and order execution has been a real handicap for me while using CyberX2 and WOW. That's why I've been looking at CyberTrader and Executioner. Hoping that TradeStation Pro can do both well, but agree that at least early on, probably will be some growing pains. I want it all - and I want it yesterday!

Actually, as I become more "business oriented" in my approach to trading, I am surprised at the compromises the various providers expect of me. With Omega moving from pure charting to charting and executions, while Cyber and other direct execution brokers continue to add charting functionality to their execution platform, I suspect the demand for both wrapped in a single fast package is being heard. Or maybe Omega is simply salivating at the commission money going to direct execution brokers.

Whatever the motivation, I hope they get it right. The concept appeals to me. Frankly, maintaining my own data is simply a distraction. That's not how I make money. Also, the more complex the software on my end, the greater the chance it'll crash during market hours. I like the idea of the complex computing being done on the server side. Crashing is a nightmare that costs me real dollars, sometimes lots of them, in the course of a day. The simpler the program on my end, the less likely I need visit that hell.

Again, thanks for the response. I recognize several names on this thread from years past, so I know there are successful and experienced people here. Of course, I don't know how many are day traders, so not sure if my concerns and needs are reflected in the community that reads this.

Pierre