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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (573)	2/14/2002 8:48:07 PM
From: the-phoenix	Read Replies (1) \| Respond to of 11288

Susan: I was just about to come looking for you! (literally). Need your chart reading skills in here. I noticed that you were mostly absent from SI this week. Technology hell - don't I know it. I suppose I could have told the tech support guy to turn me over to the trading desk this morning when the gap filled so I could get out of my short, but I didn't expect it to come back so fast. So now the reversal back down is so obvious, that I am nervous about shorting again. You know the old saying, if it looks too easy - it is! With options expirations and the long weekend, I think tomorrow will not be easy money. (Not that it ever is.) I need to get back to my short term charts and get a better understanding of where we are, here. A penny (my last one) for your thoughts? Regards, Phoenix

To: Susan G who wrote (573)	2/15/2002 7:25:48 AM
From: UnBelievable	Respond to of 11288

Redundancy Is Well Worth It Everything that can go wrong will, and almost always when it will cost you the most money. In addition to connectivity you might want to think about computers, data feeds, and even accounts. I use three computers for trading. On one I run e-signal, which I use primarily use for news, quotes, the Level II's of the biggest NDX stocks (useful even though I only trade ES), and for monitoring where the futures are trading vs fair value ($PREM for SP). On the second I run TradeStation which I use for real time charting which is what I spend the most time looking at during the day. On the third I IB's trader workstation which is my primary trading account. All of the programs are loaded on all of the computers though so if one of the computers goes down (which has happened)I can bring that program up on another system. From time to time one of the data feeds will be having problems and I am not left in the position of flying blind. Having an account with a second broker is also well worth it because all of the brokers have problems from time to time. This account is obviously only helpful if you have enough cash on deposit to enable you to trade. I don't keep as much cash in my back up account as I should. <gg> I figure the additional cost of the redundancy is less than $300 per month. Which is a trivial amount compared to what you can lose even if you are only trading a single e-mini contract.