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

To: Sword who wrote (3814)	4/22/1998 3:19:00 PM
From: funk	Read Replies (1) \| Respond to of 12617

Sword try the ISLAND! MB got that going a couple weeks ago and it is now my most used route. I'm loving it. Have not gotten stuck with a partial yet! funk

To: Sword who wrote (3814)	4/22/1998 6:26:00 PM
From: Eric P	Read Replies (1) \| Respond to of 12617

Jerry: Thanks for the insight / lessons from your day Monday. I trade through Castle Securities and did not notice any loss of NASDAQ / SelectNet service on Monday, but there was an outage at about 11:00 EDT on Tuesday. I wish I could keep all of my losses down to your target of 1/8 point or less. I find it a difficult goal for the following reasons: 1) If I SOES in a buy (at the ask), then I already have a 1/8 point loss, considering the bid as the exit point on a stock with a 1/8 spread. 2) If I use an ECN (ISLD) to enter the trade on the bid, I will not get filled on the best trades, as the price moves in away from my bid. Unfortunately, you will always get filled on the losing trades, as the price drives through your bid price. 3) The alternative, a ~1/4 to 3/8 point stop, enable me to SOES into good trades. This obviously, results in larger losses in the bad trades. I am still experimenting with the best way to handle this. Thanks again for sharing your experience from Monday, -Eric