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

To: TraderAlan who wrote (13310)	7/7/2001 5:00:13 PM
From: KymarFye	Read Replies (2) \| Respond to of 18137

Don't want to be an unpaid Tradestation salesperson, so I'll readily acknowledge that even the new "build" could be improved, and even then may not be right for you, and might be plain wrong for a lot of other people. For true scanning (i.e., of 1000s of equities) in particular, you'd probably want software specifically designed for the purpose. I should probably say, tho, that TS has sped up the whole thing since initial release. I can flip pretty much as fast as I can click once previously saved charts are loaded. Currently, I don't bother with tracking more than around 30 stocks for set-ups. Just to give an example, I have thirty (high volume/volatility Nasdaq) stocks on my main list of tradables, and I normally check for six main set-ups (i.e., saved charts with indicators + alerts already applied). It takes around 20 seconds for the workspace (daily charts, 500 days) to load and for the triggered alerts to be collected in the "message center." It takes less than a second to pick any one of those charts, type a new symbol, and have the new data load. They've significantly sped up the time it takes for systems to crunch also: Just tried the same experiment with a system template, and had similar results. Things do work a little slower loading charts that track intraday time frames - takes around a second per load or symbol-switch - though when tracking tradables in real-time, in already opened charts, the process is darn near instantaneous. I have yet to reach (or seek) the upward limits on concurrently open charts/alert-triggers/systems.

To: TraderAlan who wrote (13310)	7/7/2001 9:17:57 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

From another stock board, this is the first indication of IB's policy on the new PDT rule coming in 2 months. I'm amazed how many small traders are still unaware of what is about to happen. Can't vouch for the accuracy of this post: "Interactive Broker's response: "In response to the new rule changes, Our compliance department is currently making the appropriate modifications to our system, so that we may be in compliance with the SEC mandated rule change. Customers can continue to use their margin accounts going forward, however, accounts with less than $25,000 will no longer have the option to daytrade." So i asked if i could daytrade from a cash account (this sucks because i can't short but what am i going to do?) Their response: "You cannot daytrade in a cash account, that is a Federal Reserve violation." Alan