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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (3332)	3/7/1998 11:13:00 PM
From: Deborah J. McClure	Read Replies (1) \| Respond to of 12617

In the for what it's worth department... A while back, I asked about setups for remote daytrading and good firms. I went with MBTrading and opened my account March 1. I am very impressed with their speed and customer service. You can call them anytime (even on sunday afternoon) with really dumb, basic, newbie questions and they give consise, acurate answers. They even called my on Friday because they noticed my computer was getting delayed quotes. Turns out it was my internal clock being off by 2min! The prices seemed really reasonable to me, too. Sorry to gush, but I was seriously impressed. Thanks for the great words of wisdom on the thread. by the way...It was a profitable first week!

To: TFF who wrote (3332)	3/8/1998 8:34:00 AM
From: steve goldman	Read Replies (2) \| Respond to of 12617

Doesn't anybody find it scary, all these day trading firms popping up here and there....I mean, yes, in an upward market, anyone can throw money at a trade and make cash, but in a tough market, the 29 out of 30 trades who fail will realize their shortcomings. All of these newly started day trading firms will realize that they are all fighting after the same pool, a pool which will then start shrinking. Tenuous markets are when clients come flocking to more established firms offering some guidance. Its an established cycle. What ever you think the percentage of success is 1 in x traders make it, that means x-1 traders fail, and some fail miserably. I have been around long enough to tell you that a severe correction of 6 to 9 months if not a bear market will put these firms out of business. Your hard earned cash is with them. Just be careful. On a side note, this kind of activity, lots of merger activity in brokerage firms, lots of stock deals, incredibly volatility, and an dramatic increase in new ventures offer stock market services, hints at a market top. Regards, Steve@yamner.com