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<DIV>I highly recommend TradeComp.</DIV>
<DIV> </DIV>
<DIV>I could not be trading real money with out them. I am only a
happy customer,<BR>not affiliated with them otherwise.</DIV>
<DIV> </DIV>
<DIV>Sorry this is so long winded, but in this business I have found few
services that are<BR>as good as advertised or as economical. Tradecomp is
one of the few organizations<BR>that really do what they say at a very fair
price. </DIV>
<DIV> </DIV>
<DIV>Chris, the owner, will set you up as working with a floor broker or a
desk.<BR>Just let him know which you would prefer. He is very flexible in
that<BR>regard. Or almost any special needs you have. I mix up my orders. If I
am<BR>short, I will often say Sell 3 at XX to exit the trade. Let me tell you,
all<BR>you have to do is make this mistake once with real money to see
that<BR>practicing order placement is absolutely necessary to successful
trading.</DIV>
<DIV> </DIV>
<DIV>Also, they are really cheap compared to the other firms out
there. The price is amazing. <BR>Around $1.60 a turn (unlimited contracts). I
get a volume discount most months. <BR>If you day trade you probably will also,
that mean less then $1.60 a turn <BR>And that is for a live broker!
Basically for less then one wrong trade, you<BR>can trade with him for several
months. (One company I spoke with wanted <BR>15 dollars per contract to
trade in simulation! ). </DIV>
<DIV> </DIV>
<DIV>Chris charges <BR>you for a turn not by the contract, so you could do 3
contracts or 10 for the same <BR>price. This is critical when you start
practicing money management. I enter <BR>with three and take off two at target
and then run with the last contract. <BR>Chris has no problem taking my entry,
stop and target all at once. And Just like<BR>a real broker, he and his
team learned my style and knew what to expect when I was<BR>"trading at a
desk". To get ready for trading direct to the floor, Chris and his
team<BR>stopped the hand holding that a desk would do. This is critical
before you move to<BR>the floor.</DIV>
<DIV> </DIV>
<DIV>I also like the fact that I get an e-mail activity/position report at
the<BR>end of the day and a monthly statement. Although I trade real money
everyday, <BR>I still have my account with Tradecomp because there are always
trades that<BR>I am not sure about or sometimes I feel I need a day to practice
a particular entry <BR>or other aspect of my trading.</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>This is the single most important step I took in my trading. </DIV>
<DIV> </DIV>
<DIV>Andrew S<BR>Give Chris a call I think you will be very satisfied.
<BR>800-233-7906 <BR><A
href="http://www.tradecomp.com";>http://www.tradecomp.com</A><A
href="http://www.tradeco";> </A><BR></DIV>
<DIV><FONT face=Arial size=2>-----Original Message-----<BR>From: Dick Webb
<dickwebb711@xxxxxxxxx><BR>To:
RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR>Date:
Wednesday, March 17, 1999 11:03 AM<BR>Subject: Re: ????? simulated real time
trading<BR><BR></DIV></FONT>>Peter,<BR>>You ask why anyone would want to
do this for free...<BR>>Marketplayer.com has been making money off of doing
it for free. The<BR>>cost to the firm doing it is very low. They can
advertise to the users<BR>>...also when a person is accustomed to a certian
interface in placing<BR>>orders they want to stick with it and this makes it
easy to pick up<BR>>the people as customers. Futures traders are consumers of
data,<BR>>systems, and lots of other expensive stuff. The brokerage firms
can<BR>>make extra dough very easy by putting bottom dollar.com banners
on<BR>>their pages and every time some cicks it a nickel or dime goes to
the<BR>>broker.<BR>>Dick<BR>><BR>><BR>><BR><A
href="mailto:>---Peter2150@xxxxxxx">>---Peter2150@xxxxxxx</A>
wrote:<BR>>><BR>>> In a message dated 99-03-17 10:54:19 EST, <A
href="mailto:dickwebb711@xxxxxxxxx";>dickwebb711@xxxxxxxxx</A><BR>>writes:<BR>>>
<BR>>> > Thanks for trying guys but all of the responses so
far<BR>>> > were no go's. What I am looking for is
something like a<BR>>> > marketplayer.com for futures or an
auditrack for free. The<BR>>problem is<BR>>> > when you build
a new system you loose profits or potential profits<BR>>> >
during the time you adjust to the system. It is like taking
a<BR>>product<BR>>> > from R&D to manufacturing. First you
make some demo's to see if<BR>>they<BR>>> > work.<BR>>>
<BR>>> Why would you expect anyone to do this free. Its work
to keep the<BR>>records,<BR>>> and make it of any value.<BR>>>
<BR>><BR>>==<BR>>Big Lucky Dick
<BR>><BR>>_________________________________________________________<BR>>DO
YOU YAHOO!?<BR>>Get your free @yahoo.com address at <A
href="http://mail.yahoo.com";>http://mail.yahoo.com</A><BR>><BR>><BR>></BODY></HTML>
</x-html>From ???@??? Wed Mar 17 10:14:43 1999
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From: "Peter M. Beckwith" <capstone@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Indicators, daytrading and commentary advertising
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<DIV><FONT color=#000000 size=2>Steve:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Your thread was right on the money. I
would like to add my two cents worth from experience.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>This past year I created a strategy using the
OEX options based on some ideas I found in books and my own research and testing
of the methods in the actual markets. I did well with these strategies
several times and also took a couple of hits, but nothing big. After the
couple of hits I took I developed a better exit strategy and it worked
fine. Anyway, I showed my strategy to two individuals who had some
significant experience in the markets, one as a trader, the other as a quant
analyst for a hedge fund. Both of them didn't totally like the idea
because they thought there was too much risk with not enough return. I
showed them exactly how big the risk was and they still didn't like it(mainly
because they didn't believe that it could be that small). So I developed a
hedge and they looked at it and said why don't you do it this way instead?
I kept thinking what is it that these guys don't understand, these
strategies work and they have statistical evidence as well.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>So, I discarded this strategy for about six
weeks and started daytrading and did rather poorly. Every trade I took
felt uncomfortable and I would end the day completely burned out and
frustrated. I began working around the clock and realized that I had
already figured out a system that worked and that I should just trade it and
forget what everyone else is saying because they really do not know what they
are talking about.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>The art of trading really is about the individual. Many
systems out there will not mesh with the psyche of the guy who is going to push
the button each day. You could give a guy a system as simple(and
profitable) as go long when the 10 day ma crosses the 50 day and put your stop
below or you always want to trade from the long when this average is above this
or below this, etc,etc...But what happens is that most traders toss out their
system and begin taking trades that they should not have taken and they start
taking losses that they should not have taken. Only after you go through
the ringer one to many times do you develop the discipline to take the trades
you need to take.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>That is why so many people cannot daytrade successfully.
It is because there are so many opportunities within any time frame that you
cannot help but push the button again and again(even of whipsaw days).
After all, everyone who sits at a desk all day long wants to feel like they are
working and if you do not take any trades you do not feel like you are
working. The real question that every daytrader should ask himself is: how
much of the daily range is he/she catching when they trade. If there is a
strong trend and you miss more than 50% of the range, then maybe you should look
towards another time frame.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Pete Beckwith</FONT></DIV>
<DIV><FONT size=2>Chicago, IL</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Mar 17 12:19:47 1999
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Subject: Ned Gandevani: references sought
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Pro or Con....
Thanks......Dave
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