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There is a very good reason for me not to trade US-stuff. There are some
smaller reasons as well.
The big reason is visible if you look at stock diagrams stretching over 30
years. The behavior of the price is nowadays harder to predict since it is
moving more. You can do the very same comparision with stock exchanges. The
less popular stock exchanges move smoother than the ones that are traded by
a lot, and the pattern is the same as for the stocks. As more and more
players enter the arena, the movement changes shape. Stockholm is still a
quite simple stock exchange to trade. There are stocks on it that are a lot
tougher, but then when you look at them you find that those stocks are
registered in the New York exchange as well.
So, I simply find it easier to make money in an exchange traded by more
fundamentalists and fewer technical analysts. Then I do not have to switch
to 1 minute trades to make money. A smaller reason is that I know a lot more
of Sweden than New York, I can pick up a lot of the consent here, I get to
capture the gossip here, and I do not have to trade a double game (stock
exchange as well as currency differencies).
Anyway, good or bad reasons, those are my reasons. You might not deem them
correct, but they are still my reasons. Omega clearly considers my reasons
crap. Either I trade the US market, or I am stuck in a tool that is no
longer enhanced and that can no longer share the work done to trading ideas
on their "we decide what market you trade" tool.
Would you be as positive in your global thinking if the tool you selected
only let you trade the french market? It is so easy to think global if
others are coming to you, but when you have to do the move yourself then you
realise that it is not that global yet. I prefer to select my time for going
global myself, not through a "new customer only" strategy at Omega.
> -----Original Message-----
> From: Bilo Selhi [mailto:citadel@xxxxxxxxxxxx]
> Sent: den 9 mars 2001 06:26
> To: Bengtsson, Mats; Omegalist
> Subject: Re: TSPro
>
>
> i bet you can trade NY and Naz right from Stockholm on Pro,
> if! you have somewhat fast connection. don't day-trade
> because due to delays you will be behind. i would expect 1 min
> delays between Florida and Sweden. but i tell you this. even
> with 1 min
> delays you can still
> make good money swing trading. on most of my systems
> you have about 1-15 min to place an order with very small slippage
> in some cased you do have slippage but in other 50% you can
> get a better fill then you system got. it evens out.
> the world is becoming a tighter place. why not trade US stuff.
> same shit anyways. who cares what you trade... it's just a curve.
> smart money has been global for at least 2-3 decades. go where
> the most liquidity is. you have to think global and not local anymore.
> i would also guess that eventually TRAD will go global and you
> will get your Stockholm exchange on there too. might take a
> couple of years.
> the neat thing about the pro is that you can use it to trade US
> markets just about anywhere in the world all you need is reliable
> internet access and you got it. there is not much of a difference
> between what you get as far as data compared to what professionals
> get.
> bilo.
> no affiliation!!!
>
> ----- Original Message -----
> From: Bengtsson, Mats <mats.bengtsson@xxxxxxxxxxxx>
> To: Omegalist <omega-list@xxxxxxxxxx>
> Sent: Thursday, March 08, 2001 5:41 PM
> Subject: RE: TSPro
>
>
> > Well :-)
> >
> > From my point of view I guess there is a lot missing. For example
> Stockholm
> > and Copenhagen stock exchange stocks. This is just a guess,
> but Omega does
> > not support European stocks in TS Pro?
> >
> > > -----Original Message-----
> > > From: Lawrence Price [mailto:lprice1023@xxxxxxxxxxxxx]
> > > Sent: den 8 mars 2001 17:14
> > > To: Omegalist
> > > Subject: TSPro
> > >
> > >
> > > I have just had a disturbing thing happen with TSPro and I
> > > want to bring
> > > it to the attention of the list. Fortunately, I am only
> > > running it as a
> > > backup, so it hasn't affected my trading. One of the
> > > indices, $DJISVC,
> > > is not available. I am receiving the data on my PCQuote, so
> > > I know that
> > > it is not a problem with the index. If we can't rely on a
> > > symbol being
> > > available then we really have a problem with TSPro. I
> have no idea if
> > > there are other symbols that are also missing, however
> reliability of
> > > data is critical to trading performance.
> > > Lawrence Price
> > >
> >
>
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