Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TFF who wrote (4643)	7/10/1998 9:14:00 PM
From: Brentsky	Respond to of 12617

Irby, What a great link! These kind of webpages are invaluable for us beginners. Those who have time to help others with their trading education should be highly applauded!! Brent

To: TFF who wrote (4643)	7/10/1998 10:36:00 PM
From: ExCane	Respond to of 12617

All- If you are interested in the TA site Irby posted, try these here on SI: Subject 8225 Subject 8452 Most of the same characters post, and you can interact. -Alex

To: TFF who wrote (4643)	7/10/1998 10:55:00 PM
From: snoman	Read Replies (4) \| Respond to of 12617

I am searching for a good online discount broker for daytraders. Features I am looking for are 1- Market order executions typically within 10 seconds 2- Fill reports within 30 seconds 3- Real time streaming quotes for a group of stocks 4- Enter orders on same page as quotes displayed 5- Commissions as low as possible, average 10-20 round trips a day 6- Any size lot, usually trade 100s but w/ Yahoo at $200 sometimes trade just 10 shares at a time. Try to use about $2000-$4000 capital per trade. 7- Ability to 'flip' in a single order, i.e. if I am long 100 shares ABC stock, enter an order to sell 200 shares and reverse my position instantly. I have paper traded using real time quotes at various sites (one free quote at a time)and have made a KILLING (retire in a year?) buying at the ask and selling at the bid with my strategy (assuming my brokerage could perform as described above). I have tried this strategy in the real world using Ameritrade, but the inherent delays in their system make it very difficult to daytrade. There are several web pages to go through for each trade entry, taking as long as 3 minutes. Even worse, sometimes I don't receive fill reports for up to a half hour. On paper I may have made 3 additional profitable round trips in that time frame, but because I haven't received a report I don't dare just place orders blindly. They do have a phone number I can call to trade and get fill reports, but I have found on paper I may be in and out a stock, maybe even twice, in the time it takes to get a trader on the phone. Bottom line, the time delays make day trading a losing game on Ameritrade! I have been looking at Web Street Securities. They seem to have the features I have described above. However, when I have been in checking out their website, it seems their software may have some bugs. Anybody on the thread used Webstreet, or can anyone suggest an online broker? Thanks, sm

To: TFF who wrote (4643)	7/11/1998 1:01:00 AM
From: Allan C.	Read Replies (2) \| Respond to of 12617

I was wondering if it is possible/practical to use Real tick III for end-of-day analysis. I currently use telechart for stock screening and TA, but if I would rather not pay the $40 per month. I want to be able to scan the entire market for new 52wk highs, volume surges, etc. I've been wanting to have the level II quotes and fast trade executions anyway, so if RT III could replace telechart, I would switch over. (I probably will soon anyway) If RT III won't do the job, does anyone have any suggestions for a better charting system? Thanks, Allan BTW- Irby, Steve, Ken, and others, thank you for all the work you do on these boards. Highly educational.