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<DIV><EM><FONT color=#000000 size=2>Again, PMB is the firm that I switched to
after having problems with Futures Online! I am very
happy!</FONT></EM></DIV>
<BLOCKQUOTE
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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Bill Shumake <<A
href="mailto:bshumake@xxxxxxxxxxxx";>bshumake@xxxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Friday, January 08, 1999 3:31 PM<BR><B>Subject: </B>electronic
trading<BR><BR></DIV></FONT>
<DIV><FONT color=#000000>With regard to electronic futures order entry, I am
convinced after several months of trading, that currently the TimberHill
system is the only reliable system to use. I am presently using PMBe's
internet system which piggy-backs the TimberHill system. With slightly
more than two months trading with the internet based system I have
experienced only one system outage wich lasted between 2 and 3 hours. Market
orders and fills are extremely fast, seldom taking longer than 15 seconds to
recieve confirmation from the time of placing the order. Stops are
usually confirmed within 60 - 90 seconds. Cancell replace orders are
usualy confirmed in 10 seconds or less. While not perfect, no system
will be, PMBe's online entry has proven thus far to be very reliable, quick,
and economical. PMB will also provide a TimberHill workstation
provided the account is of sufficient size and/or there are enough round
turns per month. It is my understanding from users that this provides
even quicker fills and is slightly more reliable with regards to down time.
While using this entry method I have been scalping using 5 and 2 minute
charts and have been consistently profitable, although this is proving to be
a very stressful mode of trading.</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>All the Best !</FONT></DIV>
<DIV><FONT color=#000000>Bill Shumake</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sat Jan 09 10:30:39 1999
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Date: Sat, 09 Jan 1999 11:47:38 -0500
Reply-To: knight@xxxxxxxxxxxx
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From: Walt Downs <knight@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Trading GEN: Info on Kelly Principle
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Hi all,
A few month's back some RT's were discussing the basics of the
"Kelly Principle", a form of statistical adjustment that might
have value in relation to trade size.
I am interested in the original source of this principle. I.e.,
the full name of the author and what book this principal is
discussed in.
Thanks,
Walt Downs
CIS Trading
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