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At 09:02 AM 1/25/98 -0600, Alex Jablonski wrote:
>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
Yes it comes with satellite and its faster and also the potential of making
$2000-$3000 is there as well .
Your talking potential and I'm talking constant $1800. How much mental
emphasis did it take to write this reply less would be spent demanding DTN.
Like I said has nothing to do with trading results very glad your
profitable but plenty to do with common sense.
Robert
>
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