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would like to ask you this,
where have you seen on demand server equities data cleaner than
TS Pro data? i'd like to know.
and a comment. most on demand data server are
local, meaning "in house" whereas TS Pro data access
is remote, hence the chart loading is slower.
bilo.
ps. i have seen daily profit made on a $25K account
trading stocks consistantly in year 2000 and before.
as high as about 2 grand a day
and mostly in around $200-500 a day trading tech stocks.
it is doable but you have to be fast and smart. and right now
with tech stocks trading below $50 you can trade larger
size and if you are good get even bigger bang for your buck.
the key is that with an account size like that your risk of ruin
is high. so you have to be extra careful. but it is doable.
with $50K buying power you can trade 2000 csco and a 1/4 there
is $500 bucks. ***all assuming you know what you are doing and you
are good. if you are just starting out the chances are 9.9 in 10 against
you that you will blow out or walk away.
----- Original Message -----
From: "Michael Watkins" <watkins@xxxxxxxxxxxxxxxxxxxxxxxxx>
To: "John Bowles" <johnbowles@xxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>;
<TMayers@xxxxxxxxxxxxxxxx>
Sent: Saturday, March 31, 2001 12:01 PM
Subject: Re: Setting up a Level II business at home fast!
> John,
>
> TradeStation Pro does not currently have order execution capabilities.
> That's a "in the future" thing, although it seems to be their primary
> direction.
>
> We've looked at TS Pro and so far are not that impressed.
>
> Pro
> - it actually mostly worked, straight away
> - it is nice not to have to manage the data
> Con
> - loading charts is incredibly slow during market hours
> - data is currently of poor quality
>
> Since I rail on about data quality from other vendors, I could hardly
> recommend TS Pro at this time.
>
> I have never used Level II in my life, despite spending years position and
> day trading TSE, NYSE and mostly Nasdaq names, so I can't comment on the
> rest of your requirements.
>
> One thought comes to mind - if your speculation capital is only 20,000 US
> as your note seems to suggest, I think given your cost structure and the
> pressure for you to be 'right', you are very undercapitalized.
>
>
>
> Michael
>
> At 05:09 AM 3/31/2001 -0800, John Bowles wrote:
> >I gather TradeStation Pro is $300 per
> >month and has both the order execution and the charting combined. I am
> >cringing at the thought of spending an additional $1,500 U.S. to bring my
> >TS4.0 EOD up to real time status then paying an unknown amount on top of
> >that for an intraday feed. TradeStation Pro sounds like a better
alternative
> >especially if I can get a current customer deal.
>
>
> IntelligentSpeculator.com
> Michael Watkins
> Chief Technical Officer
> watkins@xxxxxxxxxxxxxxxxxxxxxxxxx
>
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