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

To: Jazzy Jeff who wrote (2751)	12/16/1998 6:17:00 PM
From: Shoot1st	Respond to of 7382

You have made a step up. Shoot

To: Jazzy Jeff who wrote (2751)	12/16/1998 6:25:00 PM
From: funk	Read Replies (1) \| Respond to of 7382

Jazzy, shootselfinfoot is not an MBT client. He is on the wrong thread. funk

To: Jazzy Jeff who wrote (2751)	12/16/1998 7:37:00 PM
From: clark66	Respond to of 7382

Every complex system has problems ..... I was with datek before MBT. MBT is superior.

To: Jazzy Jeff who wrote (2751)	12/16/1998 8:12:00 PM
From: scanshift	Respond to of 7382

MB Trading is a branch office of Terra Nova. Thus, they are not a broker dealer, Terra Nova is. You can get the same software (Townsend RealTick III) that MB Trading offers at JPR (which is a broker dealer), and get the same $10 rate that you are used to at Datek. Unfortunately, the MB Trading rate is more than twice that $10 rate you are used to. If MB Trading was their own broker dealer, they would not have to pay Terra Nova to play the electronic trading game. Perhaps you are better going direct to Terra Nova Trading (www.terranovatrading.com) and see if they will match your $10. datek rate?

To: Jazzy Jeff who wrote (2751)	12/16/1998 10:14:00 PM
From: Sword	Respond to of 7382

Jazzy: "Please convince me I'm wrong." You're wrong. MB Trading has allowed me to increase my brokerage accounts about 500% this year. MBT's version of Realtic is extremely powerful and useful for daytrading as well as getting good fills for long term positions. ARCA and ISLD both are absolutely powerful if you use them wisely. I love ARCA and I love ISLD. I sometimes trade 50 to 100 times a day. Here is what I do to make the most use of the systems: In general, I use ARCA to get in and ISLD to get out. I. Fast Moving stocks: A. Getting in. Trade island on fast moving stocks by buying above the inside ask with part of the position you want to get. Then place a market ARCA order for the other half or 1/3. I did this repeatedly on BAMM today with excellent results. I was always in when I wanted to be in instantaneously. B. Getting out. Make a market by offering above the inside ask on ISLD before the momentum fades to get out. Invariably you'll get executed above the ask because other traders in their rush to get in will place those kinds of orders and ISLD will execute against them even if the inside ask is lower. On big movers, I get lots of fills way above the inside ask. II. Slow movers: A. Getting in. Place an order at or slightly above the inside bid on island and wait. If you want to be more aggressive and have a lot of stock to buy, place an ARCA order at the ask, allowing ARCA to selectnet the preference with its internal algorithm. B. Getting out. Just ARCA the damn thing to the bid and get it over with, either market or limit. If there is an ISLD order of sufficient size, go direct with ISLD. Notice that I never, ever let an order sit on TNTO. Why? Because ISLD orders would never execute against it. And ISLD has VOLUME. -Sword