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

To: Mike Schoonmaker who wrote (3653)	4/4/1998 7:34:00 AM
From: steve goldman	Read Replies (2) \| Respond to of 12617

By the way, I will be in the Chat Site this Sunday at 6pm, est., informally, to answer questions anyone might have on the markets, trading ops, executions systems etc. yamner.com Stop by and say hi and meet other like-minded traders. Regards, Steve@yamner.com yamner.com

To: Mike Schoonmaker who wrote (3653)	4/4/1998 11:14:00 AM
From: Jay Fisk	Read Replies (1) \| Respond to of 12617

Thanks for the info, used TradeStation briefly (demo) last year, would own it if they could use the elcheapo DTN satellite feed vs BMI. Haven't looked into SCRT yet. WOW's DayTrader ? Hmmm, maybe, looked like the EOD version. Kinda clunky. Would also like to screen for bid/ask spread. Let me have any equities with 1/2 point spread priced over $20, with 10+ ticks per minute, etc. Re: Options (yo Steve) Owned ORCL JAN30C at $2.00 from the last dip. Thursday they were $3.75 bid, no problem. Yesterday stock drops 6%, options drop to $2.25 or 40%. Looks like the implied volatility went stratospheric. You're right, the spread + commission + slow execution + no L2 equiv bid/ask data, makes daytrading a typical equity option unrealistic. SPiDeRs & DIAmonds ? Don't know. Jay

To: Mike Schoonmaker who wrote (3653)	4/12/1998 9:36:00 PM
From: Cash	Read Replies (1) \| Respond to of 12617

I'd have to disagree that tradestation can do the kind of scanning that you suggest on intraday data. In my experience, in order to achieve the kind of scanning you want, you'll need to have symbols in charts in workstations set up for each symbol you want to track. If you have a limited universe, this is OK, but if you want to track everything and get signals, you'd have to set up a LOT of charts and workspaces. It's chart scanner is not designed to work on intraday live data and Omega says that themselves. But if I'm wrong on this, I'd love to know how you set things up to accomplish this. Cash