Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: wily who wrote (2424)	5/2/1999 4:13:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 3216

Very interesting wily. Now I 'm trying to figure out why. Why should he be doing less well when he is not dependent on the middle man to get executed. Could it be all that direct market access stuff is not all that it's cracked up to be? Maybe having a broker responsible for choosing the execution path, or even the dreaded "paying for order flow" is not such a huge disadvantage after all. SLAP!!! Sorry, sometimes my mind wanders outside the dogma.

To: wily who wrote (2424)	5/2/1999 7:45:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 3216

Wily, Those trades you referenced from Fidelity were all via the web site (as they cut me off from live broker trading, at least my old style of having that broker for 1 hour at a time). I could have made more if Fido had allowed me a live broker. Heck, I pay enough commissions! Here are the final April figures (all are net gains or losses): Day Fidelity Watley Total 04/01 351.44 No Trades 351.44 04/05 61.78 ( 656.92) ( 595.14) 04/06 528.55 ( 89.70) 438.85 04/07 539.95 ( 161.01) 378.94 04/08 715.62 ( 19.01) 696.61 04/09 318.63 ( 463.78) ( 145.15) 04/12 249.28 (1,326.67) (1,077.39) 04/13 563.82 No Trades 563.82 04/14 1,869.30 No Trades 1,869.30 04/15 42.87 No Trades 42.87 04/16 205.17 No Trades 205.17 04/19 796.09 No Trades 796.09 04/20 777.37 No Trades 777.37 04/21 305.78 No Trades 305.78 04/22 621.85 No Trades 621.85 04/23 483.52 No Trades 483.52 04/26 696.71 No Trades 696.71 04/27 104.65 No Trades 104.65 04/28 263.66 No Trades 263.66 04/29 486.54 No Trades 486.54 04/30 (605.28) No Trades (605.28) Total: 9,377.30 (2,717.09) 6,660.21 P.S. These are all scalps. Trades that lasted a few seconds to no more than a minute. Tyically about 30-40 round trips a day. P.P.S. Commissions totalled approximately $11,550! Had these been halved, the net gain would have almost doubled from $6,600 to $12,435.