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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (62705)	4/4/2002 2:37:00 PM
From: Return to Sender	Respond to of 70976

OT: FDT - That all looks like perfect to me Gottfried. Any poster who wants to keep track of overall percentage and dollar gains would be welcome to do so on a cumulative basis. Do we have a consensus among the thread members? If so we can start the thread. RtS

To: Gottfried who wrote (62705)	4/4/2002 2:50:59 PM
From: Robert O	Read Replies (2) \| Respond to of 70976

GOOD JOB G. Only small modification I'd make is to: DT= day trade ST= one week If agreed, let's define ST as greater than one day but no more than a week and leave it at that. Could get into all kinds of classifications, but this change will work for the couple day swing type trader. Of course some DT plays will turn into ST after the fact if trader changes mind i.e., position is underwater <g>. RO

To: Gottfried who wrote (62705)	4/4/2002 2:58:43 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Comments: {1) Brevity is extremely important, because for all but the speediest typists, posting time is non-trivial. (2) Trade duration intention is not very consequential. What we are concerned about on a trading thread is what people actually do, not what they say they intend to do. Besides, it can be a bit misleading when, for example kdavy recently opened ST but closed DT, which could cause some to think it was some kind of complex straddle rather than an open and close that came to fruition faster than he had intended. Hence DT, ST, MT, LT can be omitted IMO. (3) Execution time posting is not generally important. In RTT with good enough or at least sequential timestamping as on SI, execution time is redundant info as long as trades are posted soon after actual knowledge of execution. Free intraday charts and streaming time and sales is available as a check. Reputation effect alone will discourage late posting. In the unusual case that you cited when a limit order is hit and one finds out sometime later, it does not really matter. We assume a small reporting lag in most instances and a bigger lag on occasion. If someone has questions, they can always ask. But the reporting system needs to be as streamlined as possible. (4) Brief reason field: this too is nonessential. I can see "Gut" or "Need beer and chips money" due to need for brevity. This is not very helpful. People can explain their analysis or rationale if they choose to do so, or if asked, at their leisure. It should not be crammed into a trade disclosure post. Sam