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<DIV><FONT color=#000000 size=2>Josh</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>You'd do well to get rid of LeoWeb. There's been a lot
of positive comments onPMB here in the last few weeks. If I were looking
for a brokerage that's where I'd be going.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Personally I use FTG. I've only made a handful of trades
with it in the last couple weeks, but so far have found it to be very
worthwhile. I've only traded the Spoos, but the fills are very quick,
sometimes in about 30 seconds (although there really hasn't been much volitility
in the market lately. We'll see how that figure holds when things heat up
again.)</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>The software is top-notch. It's incredibly nice having
to have any sort of order in any market parked and ready to go at the click of a
mouse when you want to send it and it does a great job of keeping track of your
trades. I tend to use a lot of stops at different price ranges for entry,
most of which never get hit, therefore making it easy to lose track of them, but
not so with the E-Futures program. At a glance you know the status and locations
of all your working orders whether one or two or 20.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Their system is a combination of CUBS, TimberHill, and
TURRETT, so being "down" really isn't an issue. If one should go down,
there's always another system to fall back on. In fact there was a thread
here last week about LewWeb (CUBS) being down, then much to others surprise PMBe
also was down for a short time. I was not trading that day but I checked
into the matter and found that FTG with their E-Futures had no problems and were
up all day.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>They also provide a "check-out" service for an hour
and a half after the market closes in which they ask that you call the toll free
number and verify your trades with the desk. I found the importance of
this when the second day I traded with E-Futures a freakish accident occured
where one of my trades ended up in someone elses account. On that day I
had not verified my trades with the checkout desk. But fortunately without any
intervention from me they found the mistake on their own, and I receive a phone
call at 7 a.m. letting me know this happened and saying everything was now
fixed.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>I also had the misfortune on Tuesday to not receive a fill on
an order I placed. So after about 10 minutes I messaged them thru the
software and still not getting any response I called their emergency
number. They admitted that for some reason the trade wasn't made on their
end, but because of the software keeping the transaction number and exact time
to the second that I sent the order they immediately filled the order and
adjusted my account to reflect the price the Spoos were trading at the time I
entered the order. Though it was a small loss for them ($100) they took
care of it very professionally.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>I'll admit these last two incidents do give me some pause, as
I really haven't had many trades (I transferred from Lind-Waldock where there
was never a mistake in any trade I had ever made), but I'm keeping my fingers
crossed that they really are just isolated incidents. Maybe after all the
good luck I've had I'm due for some problems. But if the problems continue
I will report them here, and if they get to be a regular habit, well... there's
always PMB. But I'd really miss the E-Futures interface, it can get real
"habit forming" real quick.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>If anyone's interested give them a call. They can
explain a whole lot better than I can about how their electonic order system
works than I can, or just have them send you an info packet. I will say
this though, they do want experience traders for customers, their system really
isn't designed for newbies.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Regards </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Bill Nakielski</FONT></DIV>
<DIV><FONT size=2>Miwaukee, WI USA</FONT> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Josh Taifer <<A
href="mailto:taifer@xxxxxxxxxxxxx";>taifer@xxxxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Tuesday, November 24, 1998 12:16 PM<BR><B>Subject: </B>GEN: Electronic
trading<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Hi All:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I've been using LeoWeb and putting up with
the headaches well known</FONT></DIV>
<DIV><FONT color=#000000 size=2>to us all.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I've heard good comments re: PMB's system,
but my reservation about this</FONT></DIV>
<DIV><FONT color=#000000 size=2>is the time it takes for a web page to
download. I trade the S&P and need</FONT></DIV>
<DIV><FONT color=#000000 size=2>to enter orders very quickly--I like to put
in my entry order and the</FONT></DIV>
<DIV><FONT color=#000000 size=2>protective stop at the same time.
Waiting for the new page to download</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>when a trade isn't
working sounds expensive to me.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I'd like to hear from you PMB users if web
page download time is a</FONT></DIV>
<DIV><FONT color=#000000 size=2>problem and if not what kind of connection
you have. I use a 56k</FONT></DIV>
<DIV><FONT color=#000000 size=2>modem but almost never get better than a
28.8 connection.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Has anyone used FTG? I have their
software and it looks very good--but</FONT></DIV>
<DIV><FONT color=#000000 size=2>no one seems to be a customer. Is
there a reason for this?? They</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>seem to be a reputable
outfit.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Reply privately or to the group in
general.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Good trading to all,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Josh Taifer</FONT></DIV>
<DIV><FONT color=#000000 size=2><A
href="mailto:taifer@xxxxxxxxxxxxx";>taifer@xxxxxxxxxxxxx</A></FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Nov 26 01:27:04 1998
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Date: Wed, 25 Nov 1998 07:22:23 -0500
Reply-To: rkurzon@xxxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Randall Kurzon <rkurzon@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Gen: Wrong Lessons for trading.
References: <001701be176d$5ccd8700$093c31cf@xxxxxxxx> <365A4A4F.374855AD@xxxxxx> <365AA91A.CDF2C14D@xxxxxxxxxxxxx> <365AE98D.57831A7E@xxxxxx>
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Hi Ira,
Thanks for taking the time and effort to share a part of your
methodology and answering my question so completely. Good, useful
information like that helps many.
Regards, Randall
Ira wrote:
>
> I happen to like stochastic as my momentum indicator. The key is to know how
> stochastic works. momentum indicators are usually based upon the closing prices of
<SNIP>
turns down, I exit the trade and look to
> reenter the next leg, whether up or down. Ira
>
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