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Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: Peter Blackburn who wrote (562)	5/13/1999 5:18:00 PM
From: wily	Respond to of 2908

Any time. That's from Real Tick, my trading software. w

To: Peter Blackburn who wrote (562)	5/13/1999 6:32:00 PM
From: wily	Read Replies (1) \| Respond to of 2908

The PM response to my Real Tick post has been overwhelming <g>, so I'll make it easy for myself and post here. >>could you explain real tick for me. Is it part of your brokerage service or an additional service that you subscribe to?<< Real Tick is quote and trading software. If you subscribe for quotes and charts, etc. from S&P Comstock or PC Quote you get Real Tick. OTOH, if you trade at places like MB or Watley or a dozen or more other brokers, you get the same Real Tick delivery of data plus you get the integrated order entry. I'm not sure what the advantage would be to get it straight from the data vendors rather than through a broker since the price is about the same. Maybe the reliability is better, but I don't know. Real Tick, as software, is very elegant and nicely integrated with Windows. I've seen a couple knock-offs like TradeCast which were really weak in comparison. Lately I've heard that Q-Charts is an excellent service and much cheaper and I've been meaning to try it out but haven't yet. Real Tick isn't cheap. The full version is $300/mo give or take depending on your provider. The brokerages generally give it to you free if you do a certain number of trades per month (I think my broker, MB Trading, is 50 trades). Reliability is a big sticking point. In general, on big volume days in the markets, you can expect to have troubles. The service providers or Nasdaq or both haven't caught up with the demand that is put on their systems. That's my opinion and it seems to be borne out in practice. [Edit] It also helps to have a faster-than-dialup internet connection to get good use out of the RT system. Some people do it with 56K, but it is not really meant for that. CyberTrader is another provider with their own software and brokerage. Their software is similar to RT and similar in quality but with differences. From what I've heard their charting isn't as good as RT, but they've been improving. I like having the direct access to the markets that you get with the direct order entry systems. I feel less vulnerable to the brokers whose livelihood is scalping you on your orders. You can be very nimble with DOE, but you have to be very good to make it pay. I think it's a good investment for an active position trader. If you are more buy and hold you might be better off with a cheaper streaming quote service like Q-Charts, or if your portfolio isn't too large. The more I learn, the more I think that DD is your best tool. Here's a few related threads: Subject 16961 Subject 13095 Subject 19037 Subject 20613 And a few screen shots: home.eznet.net home.eznet.net This is my dog: home.eznet.net This is my sister's dog (and a friend): home.eznet.net I'm sure I left stuff out, let me know, wily