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1) Thinking that "real time" quotes are "real time" is a wrong....All "real
time" quotes
are at least a few seconds behind(transmission time)......
2)99% of the time a market buy is filled at the ask and a market sell is
filled at the bid.
3)The results of our trading needs to include the facilitation of making the
trade.....ie:Is it humanly possible to duplicate the entry/exit/stop exactly
as needed to obtain the results? (I find this particularly to be the case
when people use computers to back-test)....
4)Broker scalping.....I find that with the most markets....if I go to the
"market"....about half the trades are better and about half are worse....IF
every trade you do is worse....
then there maybe a problem.
5)5-10 S&P trades per day????? Ask yourself this question.......Is it
humanly possible to day in-day out do 10 round-turns per day without
suffering exhaustion/stress to the point of self-destruction or would you be
better off trying to take 1-3 trades per day(maybe even doing more
units/trade)?????????????
Hope this helps......
Tom Stein
comfut@xxxxxxx
-----Original Message-----
From: wes blake <amerskin@xxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, April 28, 1998 5:37 AM
Subject: Floor traders
>Howdy,
>
>I would like to know is there a way that my broker and or the floor
>trader making my trades can scalp me of a .1 and a .2 here and there for
>there own account. I make 5-10 trades a day in the SnPs. I have this
>concern because my fills are not jiving with my real time qoutes from
>DTN.
>
>Also I am about to open an account with LFG TO TRADE ONLINE thru Zap.
>Any bad news on LFG.
>
>Wes
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