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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: funk who wrote (2130)11/21/1998 9:05:00 PM
From: Junkyardawg  Respond to of 7382
 
Are you having problems with your computer?
Are you a computer wiz and would like to help
all of us with our computer?

Come over to this thread and help us all or get
help.
Subject 22366

Lamar



To: funk who wrote (2130)11/21/1998 9:12:00 PM
From: Dave Triplett  Read Replies (1) | Respond to of 7382
 
I got to say that I really like trading, even though I ain't the best at it. I don't care about the money, no really!......just what the money can buy. : )

A bunch of someones out there got bout forty grand of my money, and I want it back. I ain't no quitter...O.K. , O.K. isn't no quitter. About selecting MBT or the X or cyber I'm still not sure. I've been testing out CyberTrader paper trading for about a week at a local broker, but - dang they don't even know how to work the software so I am not learning much about that program.

I've have sent E-mail and voice mail to both MB trader and X two days ago and have not had any response. So I'll lurk, read and ponder some more before I choose. Ta Ta



To: funk who wrote (2130)11/21/1998 9:48:00 PM
From: Bill Green  Respond to of 7382
 
Funk

You keep mentioning cybertrader. Is that a hint or something?
May have a point, but this is very interesting.

Wall Street really is like Coronation Street I knew it, I knew it. Finally at peace with myself and good trades will follow.

Keep it coming guys this is good fun.

Now pass me the soap...........

Before you all ask.

www2.shef.ac.uk



To: funk who wrote (2130)11/22/1998 10:40:00 AM
From: scanshift  Read Replies (3) | Respond to of 7382
 
Ticket charges/aggressive trading/JPR Capital?,

<One question though, if I am not a daytrader, why in the world would I not want to pay Datek $9.99 for a trade versus the $22.95 at MB Trading? >

That was in response to a previous post from a fanatic MB Trading supporter named Mack who was pushing MB for traders who only do a few trades a week. Not active daytraders. Maybe you do not have the aggressive trading background like I do, where one's focus was always on getting the lowest commission rate with acceptable service. When I mean aggressive background, I recall a year where I would trade anywhere from a few thousand to maybe on a busy day up to 7500 OEX contracts. In raw volume I recall in my floor broker days, filling (not trading for my own account) one day my all time record, 25,000 contracts. What is the point of this. I think as far as active day traders, that ticket charges and any additional brokerage costs are very important if you trade aggressively and generate a lot of trades.

No, I am not pushing Cyberbroker, I just pointed out that their ticket charge was $3. less and they give you a credit for adding liquidity if you use Island. MB Trading should match their rates, but would probably be unable to match the rates of the firm I mention below. I have received a number of private posts since yesterday, and one of them was fascinating. It brought up that there is a daytrading firm where the ticket charge is only $10. trade and a dollar for the Island ECN and they use Real Tick software. What have you heard about

trading.jprcapital.com

Are they a branch office of Terra Nova? It does not appear so, because the other branch offices of Terra Nova disclose it on their web site home page. Another question, are you bothered at all that Townsend owns half of the Archipelago ECN with Terra Nova, but tries to keep that ownership a big secret? On another post I will discuss in detail the feedback I received from some of the world's largest hedge funds when I put Real Tick in their offices with SCANSHIFT on it back in late 1994 and early to mid 1995.