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Gonch,
That's an interesting analogy. I thought that in most cities they started
paving roads with cobblestones even in the days of horse and buggies. I can
attest that ridding a bicycle on a cobble stone road is no pleasure. We have
paved so much land in the Western States that every time there is a storm
cars, buildings and bridges are washed away causing us to spend an ever
increasing amount on "flood control" which never seems to control the next
storm and causes officials and residends to demand more flood control.
In regard to trading I'm not looking for sympathy. Empathy would be closer
and I wasn't even looking for that, just the opportunity to vent some
frustrations before a small audience of my "Piers". Like I told PeterG; " I
have had equipment and services when I had my business that were very
reliable. We are in a Sellers market as far as these services and equipment
are concerned. We'll just have to carry on that's all.
As far as having; "more technology available to us at home than the traders
at the top Wall Street houses had 10 years ago", although handy that sort of
thing only gives you a greater advantage if you are the first one to have
it. In fact it has been said the swings are now shorter and more difficult
to trade than previously. Volatility is greater and trends more difficult to
follow. I believe this trading environment pushes most traders toward day
trading and that is not all good IMHO.
One suggestion I would give to new traders is get the best equiptment that
you can afford, maybe even better then you can afford.
I'm not sure what you are referring to in regards to whom will pay but I pay
plenty already.
One day the attraction to the markets will wain and then services will have
to put up or shut up.
Brent
-----Original Message-----
From: TheGonch <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, January 15, 1999 12:50 AM
Subject: Re: Lessons Learned
>Brent
>
>Sorry, no sympathy from me. We have on our desks more technology
>available to us at home than the traders at the top Wall Street houses
>had 10 years ago. If you want better reliability, make the investment in
>a T1 and some leased lines into your broker. It is up to you -- you are
>not forced to accept anything. You just have to pay for what you want.
>
>There's also a lesson here from history. In the late 19th century there
>was a bicycle craze when the pneumatic tire was invented. People did
>everything on bicycles. There were marathons and other races, soccer
>matchs, dances, formal dinners.
>
>There was one gripe -- there were only dirt roads, muddy when wet and
>uneven all the time. It took a long time for enough people to complain
>before someone got the idea and said, "Hey, let's spend a lot of
>taxpayers money on laying down concrete or tar so people on bicycles
>have a flat road to ride on!" As you can imagine, people not interested
>in the bicycle were upset at this notion -- why should they pay for
>someone else to have a flat road?
>
>The bicycle started the trend for flat roads in the cities, although it
>wasn't until the advent of the automobile that things really got going.
>
>I guess my point is, you're complaining that a road built for horse and
>buggy isn't flat enough for your bicycle. My question is, who's going to
>pay to flatten it?
>
>Regards
>DanG
>
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