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Omega has recently loweed the minimum amount required for a futures account
to 10K. What they haven't lowered is the minimum monthly trade activity
requirement. They still apparently want 15-20 RT/month.... on a 10K
account.
-----Original Message-----
From: Paul Weston [mailto:paulweston@xxxxxxxxxxx]
Sent: Wednesday, January 23, 2002 6:28 AM
To: Doug Correll; Omega-list@xxxxxxxxxx
Subject: RE: Trade Station 6 ??
I am currently in the process of moving my account from TradeStation
Securities because of their trading platform. I both day trade and position
trade.
Here are some of the reasons that I am moving my account:
1) You can trade extended hours, but you can't plot them.
2) You can't enter orders outside of market hours.
3) You can't enter GTC orders. That means stops have to be entered every
day, and in my case because it is an IRA, I can't enter orders until 0930.
4) They don't have the ability to take OCO orders.
That makes the trading platform unusable for me. If you are just day
trading during regular hours, it might work for you.
Regards,
Paul
-----Original Message-----
From: Doug Correll [mailto:dcorrell@xxxxxxxxxxxx]
Sent: Tuesday, January 22, 2002 5:46 PM
To: Omega-list@xxxxxxxxxx
Subject: Trade Station 6 ??
I am about to begin trading after a long Hiatus. I was a Trade Station user
8 years ago and Loved the product. I am disappointed in their decision to
drop the Ts product line but feel that doing an integrated Brokerage Trading
Platform with the Power of Trade station was initially a good idea. I Like
the ease of use of a Trade station Product and the ability to write my own
indicators and back test. It appears you can do this on TS 6 .
My real question is whether Tradstation Securities is any good. Are they
fast can they get good fills? Have there been any major problems? I think
that sometimes people get too caught up in the technology and forget the
trading. If I want to do some back testing but more Chat pattern trading and
want an online brokerage that is reliable with good order entry system is
Trade station 6 the way to go? If not please any sugestions.
Douglas Correll
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