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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: crasy who wrote (39561)5/13/1999 12:14:00 PM
From: Jack Colton  Respond to of 90042
 
I got some PMs from that post, and I'll put the PM responses here:

Tim or kathy can tell you about watley.

Here are the PMs:

Disscussion of ALL-TECH (www.attain.com)

They offer training and the ATTAIN trading system. You can use their office computers for free, or set up remote for $250 per month. They charge $25 a trade, but it costs less than using DLJ or Datek.

You can set up as many Level II (market maker) windows as you have screen space for. If you run WIN 98 you can add multiple video adapters to your PC and use multiple monitors.

The ATTAIN system is what they use for routing your orders to the exchanges or ECNs. There are 10 ECNs that you have access to, like yesterday, I sold some YHOO at 4:31PM to someone on ISLD using Select-Net, to reduce the amount of margin I was carrying over night.

It's really pretty good, and I imagine it is similar to Watley.

The training is good, if you do not already know how MMs and ECNs work, what the bid, offer, inside prices are and stuff like that.

The book "How to get Started in Electronic Day Trading" by Nassar covers most of this. But, in their classes they teach you Momentum trading, how to spot momentum and that type of strategy. Everyone in my class in Dallas (1 Month ago) is having problems with momentum, and they are just using these tools for trading online like they used to, but with better control over what prices they pay.

Jack