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Strategies & Market Trends : SOES Trading -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (1242)	2/17/1998 7:44:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 1618

SW, Thanks for your input. >>>No need to sit in a sweaty room and be emotionally influenced to make a high volume of trades.<<< While I haven't gone live yet, so it hasn't happened to me, the biggest complaint I hear about the "shops" is the pressure to generate tickets, or adopt their preferred strategies. I wonder how much the success/failure rate has been influenced by these "external" forces. Hope to join you soon in the work at home ranks. Dan

To: Street Walker who wrote (1242)	2/18/1998 5:41:00 PM
From: Jay Morrison	Respond to of 1618

<<Trading at a SOES house does offer a better connection.>> That is very true and important. How many of you use a vendor like PC Quote? There is a firm called Cornerstone Securities that has level II with direct access to Nasdaq. It is more expensive, but avoids routing info thru a service. You have the same view as a market maker instead of the typical SOES office which is two or three seconds slower. <<No need to sit in a sweaty room and be emotionally influenced to make a high volume of trades.>> Dan, ignore the pressure if you feel any to trade a certain number of tickets. If you make money and are profitable, then you are around longer. As long as the office has an empty computer they won't kick you out. Just tell them you are on the learning curve and picking your spots. Once you develop you own system of picking winning trades and your account size grows, your number of tickets will grow. They know this. Jay

To: Street Walker who wrote (1242)	2/20/1998 3:48:00 AM
From: David E. Henry	Read Replies (1) \| Respond to of 1618

>>I'm on #daytraders chat channel with 450+ other traders to share info and trades with.<< Please tell me about the "#daytraders chat channel with 450+ other traders" I would love to connect. makemulah@aol.com