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<DIV><FONT color=#000000 size=2>hello all, please excuse my typing etc, new to
the site, been reading the post, seems to be a nice mix , in regards to trading
on line THE FUTURES TECHNOLOGY GROUP along with ROSENTHAL have an on line
trading software that might be of interest , I;m no expert on other on line
services, but am really happy with their service , what I LIKE is that
there is a human on the other end , so if by chance u placed an order out
of reality i.e., (e-mini is at 1310. u place an order to buy at 1414, they will
come back via a pop up mess , confirming your order , where u would see u
entered the wrong price and then could correct it, also if and when u do get
bumped from your connection u can pick up the phone and carry
on) best to have 2 computers, the 2nd nothing fancy, but
at least 32 MBAs to run the program etc, this allows u to watch your
trading screen waiting for your signal, and in the mean time u can have your BUY
and SELL ,order tabs all set up , so when the signal comes all u have to
do is hit the send , and if trading LIQUID markets u will get your fill back in
less than 30 seconds from start to finish on average, ALSO if placing
MARKET ORDERS u can immediately place your STOP LOSS , all this is comforted
with a time stamped confirmation ticket, and a CHECK OUT at the end of day
u call to confirm your days activity, OH THIS IS FOR FUTURES, for the little
accounts more so this little extra edge can greatly improve ones
daytrading. also the people behind the scenes are very helpful if any problems
with the software etc, come up, AGAIN I am no expert on what is available,
but am really happy with my fills. good trading, from TED from
Switzerland</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Thu May 06 16:51:55 1999
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Subject: Re: Stops/Michael
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Gary -
Truly great traders who are super disciplined can do that. Most mortals
cannot. They say, "Oh we reached my stop. Well, I'll wait for it to come
back."
My old boss at Deutsche Bank who used to be the partner in charge of
fixed income trading at Goldman Sachs, you know that company worth like
1% of Amazon (all right, I am exaggerating), never left stops in the
pit. He called it a free option for people like Baldwin, the great floor
trader at the board (known as Satan by our desk for his uncanny ability
to run everybody's stops).
That said, if you don't have stop, and a number comes out, by the time
you get the trade in, lord knows where the market will be!
Steve Poser
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
gary bodnar wrote:
>
> Hi all
>
> My gambler friend once wrote something about the stops..."It is like leaving
> your wallet on a street in New York City. You can be sure it will be gone."
> Prefer to use mental stops...
>
> Gary
>
> Earl Adamy wrote:
>
> > There are cases where stops are run in spite of good placement (had it
> > happen yesterday on short in crude). Generally, however there is a message
> > when a well placed stop is run and that message is that the trader was wrong
> > about the market. The act of placing the stop in the market is a commitment
> > by the trader that he/she will acknowledge the mistake.
> >
> > Earl
> >
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