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

To: TFF who wrote (6181)	1/11/1999 12:10:00 PM
From: Geigartt	Read Replies (1) \| Respond to of 12617

TO all: I posted this to another daytrading site, but it is not very active, thought I'd try here. There are questions raised at the end. TIA for any info. I took Broadway Trading's course; they are run by Marc Friedfertig and George West, who wrote The Electronic Daytrader. In Oct it was $1,500, about 40 in the class, 5 days. The bad stuff: Their book is hard to follow (are coming out with another) and the course could have been condensed, but most of the material (I'm a novice)is dense and I couldn't retain whole sentences after about 3 hours. The good stuff: They are great teachers, they know what they are doing; you can retake the class as many times as you want if there is someting you missed; I have a low tolerance for B/S and I think they are straight shooters who give realistic expectations. The basic stuff is pretty simple, "buy on pullbacks and short on rallies" how hard is that? Right, where is the catch -- we'd all be king of the world. They brought in a T/A guy who used their system with charts from Omega (who probably gets a cut of sales), he trades through them and demonstrated his system. Watcher: I may not have the history exact, but Watcher was developed for Datek by the guy that developed NASDAQ, pretty good credentials. They say that windows based execution systems are slower than their DOS based Watcher. I'm still trying to compare Cyber and MB Trader with Watcher. Watcher uses a combination of cntrl+alt, etc keys to execute which seems pretty cumbersome, but after watching an experienced trader it becomes automatic. They have a training CD to learn the keystrokes for $100. I felt you shouldn't have to pay for that. But then the others (Harbor and Legend for ex) charge twice as much I don't know anything about them except Harbor says "if you can't afford $3000 you shouldnt' be trading." I find that offensive and didn't read any further. Maybe they are right, but that is not the atmosphere I want to associate with. Because seconds or parts of seconds make a difference, I'd like feed back on this: Has anyone a feeling for the speed of the hardware on MB Trader or CyberTrader? Second part of speed question: One system (?) claims to "route to the best price" If you are looking at L2 and that is the best inside price, what is the point of a claim like that? Maybe that question reveals the fact that I'm not currently trading. On Watcher you have a different 2, or 3 key combo to buy/sell SOES, to buy at market, to preference, very confusing at first. Since the fractions of seconds are important does that mean the dos system is better even though you have a keyboard problem which goes away with experience. But the routing question seems important. Does experience also solve the problem of seeing and choosing the best ECN? Since that is 1/2 of the "fill" problem, is the claim of automatically routing you to the best ECN valid. If that is true it would swing the scales in favor of windows systems. I tend to be a pureist; my intuition goes with Watcher. Bells and whistles can be significant improvements, but do those circuits slow down the syst more than you gain? Remember "If it works, it's obsolete." Thanks.

To: TFF who wrote (6181)	1/12/1999 6:37:00 PM
From: scanshift	Read Replies (1) \| Respond to of 12617

NEWSFLASH: MB Trading having SNC Capital get registered as a broker dealer in every state. Why are they doing this. I guess the good times at Terra Nova are not so good after all?????????