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

To: Eric P who wrote (4833)	8/1/1998 12:07:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 12617

Eric, The average is currently about 12-15/week. My goal is higher frequency but am still getting the bugs out of my visual scalping systems (1st hr range breakouts, fibonacci retracements, etc etc). Traded Raschke-style setups for the last 3 or 4 years but the 3-6 hour holding period is too long for me at this point. Will direct entry enable me to close the "liquidity gap" on OTC stocks that trade "best" b/a of 1/8 to 3/16? In other words, if I work stocks like NETA, PSFT, TLAB through direct entry, is there a good chance I'll eventually see an average spread paid on these of 1/16 or less? TIA Alan

To: Eric P who wrote (4833)	8/5/1998 2:16:00 PM
From: marilyn	Read Replies (2) \| Respond to of 12617

TO: ERIC P. RE;YOUR #4833 REPLY: I AM JUST GETTING INTO DAY TRADING AND LOOKING FOR AN ONLINE BROKER FOR INTERNET TRADES. YOU MENTIONED- CASTLE SECURITIES, MB TRADING, AB WATLEY AND CYBER TRADER. I HAVE NEVER HEARD OF THESE. AM I LOOKING IN THE WRONG PLACE? I HAVE ONLY NOTICED ADS FOR COMPANIES SUCH AS E-TRADE, WALL STREET SECURITIES (WHICH IS THE ONE I AM CONSIDERING), DAYTEK, AMERITRADE, ETC. WHICH I SAW ON CNBC-TV. I WILL BE MAINLY ON NASDAQ. I AM JUST A SMALL FISH COMPARED TO YOU FELLOWS BECAUSE I ONLY HAVE $3500. TO START OFF. I DO ANTICIPATE AT LEAST A FEW TRADES PER DAY UNTIL I BECOME MORE COMFORTABLE AND FIGURE OUT WHAT I AM DOING. I SHOULD ALSO MENTION THAT I AM IN WINNIPEG, MANITOBA, CANADA SO THIS MAKE DETERMINE WHAT COMPANY I CAN USE. IF YOU OR ANYONE ELSE CAN DIRECT ME ON THE RIGHT PATH, I WOULD BE MOST APPRECIATIVE. THANKS VERY MUCH. FROM MARILYN