|
PureBytes Links
Trading Reference Links
|
Bill: I'd be interested to know more about Brown. Do you find the 800 number
slow, as well as the Website? By slow, do you mean a slow Website, or slow
confirmations and executions?
Thanks.
Brooke
-----Original Message-----
From: Bill Coward <wrcoward@xxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Saturday, February 06, 1999 6:30 PM
Subject: Re: Daytrading from home setup
>Winthorpe,
>
>You might consider Q-Charts from Quote.com for charting and monitoring.
>The latest version (still might be in beta) supports Level 2 as well as the
>other items you mentioned. I've been impressed with the product. I'ts
>about $90/month, including stock exchange fees. If you are planning a low
>volume of trading, a regular online broker may be sufficient. I'm a low
>volume day trader myself (< 10/day) and in the process of switching from
>Brown to Datek. Datek has been highly recommended on this list and in a
>daytrading book I recently bought, and Brown has gotten too slow.. If
>you're planning on a high volume of trades each day, then you'll probably
>need a dedicated trade station. I haven't researched this area but have
>run across WATCHER at Broadway Trading LLC and ULTIMATE TRADER at A. B.
>Watley. (WATCHER supports only NASDAQ.) You may also want to check out
>the following two books on daytrading, both of which I found interesting:
>
> THE ELECTRONIC DAY TRADER, by Marc Friedfertig and George West
> STOCK PATTERNS FOR DAY TRADING, by Barry Rudd
>
>Regards,
>Bill
>
>
>
>----------
>> From: winthorp@xxxxxxxxxxxxx
>> To: metastock@xxxxxxxxxxxxx
>> Subject: Daytrading from home setup
>> Date: Saturday, February 06, 1999 12:39 PM
>>
>> A little help from you daytraders trading from your homes. Currently I
>> am looking into different vendors and trade stations with the objective
>> of trading from my home and trying to level the field against the NYSE
>> AMEX specialists and the OTC market-makers. I am very actively searching
>> for an efficent package which is fairly easy to use, fast instantaneous
>> trading capabilities and cost effective. Some of the things I would like
>> to monitor before pulling the trigger on the trade are:
>> (1) would like to see the Level 2 screen displaying the OTC market maker
>> bids and offers
>> with their sizes displayed
>> (2) would like to have a real time minute by minute chart that I can
>> monitor of XYZ stock
>> so that I can monitor momentum intra-day
>> (3) a ticker flying across the screen would be helpful for getting a
>> feel of the pulse of
>> the market
>> (4) the ability to monitor say 20 other stocks shoved up in the corner
>> somewhere
>> *** (1) and (2) top prioity ***
>> These are the most basic bases I hope to cover and any input would be
>> deeply appreciated.Would curious to know if this could be all be done on
>> one computer alone or
>> whether two computers would probably be more practicable. Would two
>> internet connections lend itself to this setup or one can do it alone
>> with one internet connection. It seems to me that one internet
>> connection would be needed to be always live and ready to make the trade
>> and one internet connection open to recieve the "Push" technology for
>> stock quotes etc.etc. So far I've spoken to DBC Signal and Equis
>> Professional Software(for generating realtime charts). I also intend to
>> contact Tradestation to see what they have to offer. One of the factors
>> to consider is the ability to incorporate a e-brokerage( with timely and
>> reliable instantaneous
>> executions and of course cost of clearing trade) with the trade station
>> package that you're trying to create. Could anyone shed some light on
>> this matter and possibly give me an idea of the relative costs they
>> incur to support the trade stations that they are currently using.
>> Thanks for taking the time to read this message.
>>
>> Regards,
>>
>> Winthorpe
>>
|