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

To: peter michaelson who wrote (5303)	9/22/1998 7:35:00 PM
From: TFF	Read Replies (2) \| Respond to of 12617

I thought Datek DID sell order flow? I can see your point with using Datek though. The same argument could be made for using a phone based firm such as Yamner. Putting the order in a trader's hands who knows how to handle execution problems is good idea for Positon Traders or Day Traders who make fewer intraday trades off technical/fundamental signals with ridged stops.

To: peter michaelson who wrote (5303)	9/22/1998 7:39:00 PM
From: William W. Dwyer, Jr.	Respond to of 12617

Peter, Thanks for chiming in. I agree with your thoughts completely, and one could very easily put forward the argument that Datek and maybe some others are as good as, or better than, these new trading platforms or the very reasons to describe. I know for I fact that I trade a lot more, and do trades I would not have done otherwise, using CyberTrader. And, as you say, it ain't exactly cheap. Good luck, Bill

To: peter michaelson who wrote (5303)	9/23/1998 11:43:00 AM
From: pae	Read Replies (1) \| Respond to of 12617

... Datek Exclusively ... I am thinking similar things. I had an MBT app filled out and ready to print several times ... but the encouragement to overtrade and the high commissions held me back. Also, the Real Tick III setup was what I sought when I started trading, but now I've become accustomed to an assortment of independent components flying in close formation and have come to value the modularity. The missing piece for me is Level II which has me considering MBT since the MBT charge is pretty much what I would pay for a serious LII setup independantly. The problem I've run into is that while I am largely satisfied with my BMI-Satellite/TradeStation charting I would like to add Level II without purchasing redundant charting. I'd be real curious about what you decide to do for LII if and/or when you choose to quit MBT. (From experience, I don't expect new features from Datek until I have them --- regardless of the latest promise date.) Cheers! P.S. Hi thread! from a lurker.