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Peter,
I agree with you. All I can hear from these "big traders" are complaints about
loss of data feed fro two hours, how expensive is this or that. If you are a real
trader a few hundred dollars should be nothing. If you try to blame all
technicalities for your losses, better go back and re-thing your investment
strategies and maybe you'll joint the winners group. Bye, Alex
Peter 2150 wrote:
> In a message dated 98-01-25 00:52:14 EST, robertwc@xxxxxxxxxx writes:
>
> > So
> > on that Omega list put out and talked about where was a faster data
> > provider with a hundred a month savings at. Just wondering where common
> > sense has gone on this issue. I'm not talking high tech here I leave that
> > to the ones who know this is just plan dollars and quality of service.
>
> This issue keeps coming up so I can't help commenting.
>
> 1. The speed issue. Has someone really compared speed. The last time I
> did a comparison of my BMI it was with my brokers CQG. We were right
> together tick for tick on the S&P. I also have compared what I see with the
> floor as far as price goes, and it is so close the lag of the guy punching the
> numbers becomes a limiting factor.
>
> 2. Satellite vs Cable. Does DTN come on cable. If not, its a non issue for
> a lot of city dwellers like me. I have absolutely no way to use a dish. I
> am tied to cable. SO regardless of all other things this is a big factor.
>
> 3. Cost. I don't know the cost of DTN vs BMI, but lets assume its $150 a
> month cheaper. I am paying $393 for BMI, so that would be a great savings,
> $1800 a year. But do I really care. I daytrade the financials, S&P, DJ,
> etc. Potential of making $2000-3000 per day. $1800 per year is peanuts by
> comparison. My focus is totally on my trading, I just can't see the datafeed
> cost enough of an issue by comparison, that I am going to waste time worrying
> about it. I realize during a start period for new traders costs are a big
> factor for sure, but mental emphasis would be better placed on trading for
> most people.
>
> Pete
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