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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (2326)	4/15/1998 11:31:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Chris; RE:" CyberTrading Rigz " wow, thanks info, man - surprising how similar our setups are. We both use that quote.com JAVA chart and MyYahoo and ETRADE. I used to enter ersatz orders into ETRADE to get RTQuote BIDxASK, too {grin} - the DATEK account ended all that; their RTQuotes are free. Discovery/Lombard RTQuotes are free, too - and they provide BIDxASK sizes. Just discovered that the comissions at Pacific Brokerage for options are about 1/2 that of ETRADE. I'm gonna sit on the LEAPS at ETRADE and use PBS for trading options. I usually "trade" options using about $3,500 or $7,500 of capital, fixing the capital rather than the number of contracts. When I trade index options, I take either $7,500 or $15,000 positions. Rarely do I ever hold these positions for more than 14 sessions. I usually "daytrade" stocks in round 1000s lots, as I'm just scalping a point or three (when I'm lucky) for entertainment. I use my IRA for daytrading because it is tax-free - so I don't do any LEAPS or even options in it - just a point here, a point there kinda stuff. When I'm not workin' my butt off for a scalping trade like this, or when I go outta town, I usually convert all the cash in this account to SPY shares. Jurgen and Janko use options and LEAPS for 3-6 month swings - and I haven't learned how to do that, yet. -Steve