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>I just found out that a trader, who I respect, does not use, or monitor his
>trades with real time data, even though he has Trade Station.
>Which brings me to the point of the value of realtime data.
>
>1. When I got Real time data, initially I felt guilty if I was not
watching
>it every
>minute, and not trading the 5 minute S&P, as I had paid all this money for
it,
>and was not getting my moneys worth.
>
>2. I am now of the opinion that it is an expensive tool, to be used
possibly
>for entry and exit. However it is a tool that I am wondering whether I can
>continue to afford
>Any comments, pro or con. At present I like to analyse the daily and try
and
>position intraday. But the $$$$$$ are a burden according to my wife
!!!!!!!
Edgar and the group;
Your questions remind me of the following quote:
"After spending many years in Wall Street and after making and losing
millions
of dollars I want to tell you this: It never was my thinking that made the
big
money for me. It always was my sitting."
Jesse Livermore: Reminiscences of a Stock Operator
I've noticed that my impatience to trade just gets me in trouble. A real
time
system just fans the flames of that impatience ("Gotta make it pay for
itself").
A little Zen helps.
Ted
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