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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (2876)	4/19/1998 9:11:00 AM
From: Alf	Respond to of 4969

Funk Thanks for all the help- and just for the record I am glad that you decided to post this message here on SI so that others will also benefit ! The best part of SI is having the ability to ask questions and getting a reliable answer from someone that is willing to take the time and effort to help others. Of all the people that I know, no one has a real interest in the stock market let alone trying to daytrade (besides some great people I have come in contact with here) Right now I am using StockEdge ( DBC ) for quotes and a third party software package from MarketSoft Research called Tradewind for charts - this is the only software I have tried but I think that it is excellent - And for StockEdge - well it was a very reliable service until they started offering level 11 quotes. they have some work to do and I hope they fix it soon. I use Datek for my trading account, and Quick&Reilly and WaterHouse for long term stocks. My history - about 10 years ago started in funds, did real well, 5 years later got bored and started investing in individual stocks,kinda long term - for the most part probably about 1 to 2 months. And just around 6 months ago started day trading. From your post I assume that you use either AB Watley or MB trading ? You odvisly have level 11 quotes. Right now I have yet to sign up for level 11 with StockEdge. I always use limit orders - most of the time at the ask, sometimes below Commissions are not of the greatest concern ( I remember when deep discount was still on average for me around $ 150 ) Do you feel like you have a definite advantage with level 11 ? Tim PS printed out your post !

To: funk who wrote (2876)	4/20/1998 8:59:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 4969

Wow...15 messages! Oh, by the way, Funk I like the way you explained the "true" cost of doing business with most firms, outside of the real, real attractive $9 buck trade or "commisssionless trading". Let me also state for the record that our firm is one of the few left that acts as agency only, doesnt make markets, doesnt nondiscriminatorily route orders and works clients order. You might pay ten bucks more per trade, but net net, its worth it. Regards, Steve@yamner.com yamner.com