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

To: steve goldman who wrote (4076)	5/10/1998 7:34:00 PM
From: Susan Saline	Respond to of 12617

Dorfman brings back fond memmories I sure miss that old goat. He had a heart attack, did you know that?

To: steve goldman who wrote (4076)	5/10/1998 8:10:00 PM
From: dpl	Read Replies (1) \| Respond to of 12617

Steve,it depends on how one trades.If someone is going to scan the news and "chase" a stock because some "good" news just came out with the hope of getting in before everyone else then good luck to him. The way I and a lot of other traders trade is using a "system" that is "right" more than 50% of the time.News to us is worthless.More than half of my trades are in the opening on days that the market opens up or down a lot.I have no idea at the time what the "news" is. It al depends on how one trades.There is no right or wrong way to trade. David

To: steve goldman who wrote (4076)	5/10/1998 9:30:00 PM
From: ExCane	Read Replies (3) \| Respond to of 12617

Steve- News on a sector or the market such as a Greenspan report, yes we wanna know. News on a company or it's CEO speaking positively, sucker play for most. At least it was for me when I've tried it. You are now in a race with another trader with their nitro-burning software to steal the stock and to sell it. It is an interesting quick demonstration of the greater fool theory though. Could you get a customer an execution over the phone on a news stock? Not likely. I would bet most lose on that type of thing. Haven't you ever pulled off a trade profitably to find out later it was on CNBC? Best not knowing. I would be surprised if you chase a news stock for your own accounts. Do you? Now for the important stuff- if she's still on, Terry Keenan gets my vote, Maria is OK. I've noticed some new talent but don't get to watch often. Happy Mother's Day to all. -Alex

To: steve goldman who wrote (4076)	5/11/1998 8:51:00 AM
From: Allen B.	Read Replies (1) \| Respond to of 12617

Steve, CNBC has been playing in the backround of every trading room I've ever walked into (buy-side, sell-side, daytraders) and I do remember the Dorfman report (what happened to that guy??). I never miss the show that comes on after the close called "The Edge". The Edge gives you the following day's lineup of CEO interviews and allows you to be prepared the night before. Regards, Allen

To: steve goldman who wrote (4076)	5/12/1998 6:14:00 PM
From: TFF	Read Replies (2) \| Respond to of 12617

Steve: I was in #daytraders chatroom on MIRC today for the first time in a long time.THERE WERE 600 TRADERS IN THERE!!! The room itself provides all the Inplay news fron Briefing.com/CNBC and selected news on hot stocks as well as market guide fundamentals on stocks inplay. Unfortunately the room moves waaay to quick to read much of what is posted. It does,however, show you the power of the internet to bring traders together, as many traders seem to play the same stocks throughout the day. I remember going in there 6 months ago and was much less organized. The general level of sophistication of daytraders seems to be rising. Most are aware of how to use ECN's, Instinet, different types of basic strategies and so on. The one problem I see which hasn't changed is that many are still trying to catch that ONE hot stock during the day. Although many are learning and are now taking the opposite side of the trades and making good money. It will be very interesting to see how these types of trader communities evolve over the next 2-5 years.