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<DIV><FONT color=#000000 size=2>hi all, actually my name is TED, dont know how
to get my wife;s name off this thing, any way the software from what I
gather was a joint effort between THE FUTURES TECHNOLOGY GROUP based out of L.A,
CALF, an IB firm and ROSENTHAL COLLINS who are clearing for them, the guy to
talk to is GENE SHUE- AT 310-556-7718 OR FAX-310-556-2240, GENE in my dealings
with him is a very helpful person in helping u get set up with the software etc,
also one can actually talk to the guy who designed the software at ROSENTHALS
should anything weird happens etc, who also is a great a to deal with, sorry I
dont know their web address, as far as commissions go its pretty standard the
more u trade the lower u can talk them down, for the 1 lot -1 aday trader
it is still only about 22$ a round turn, anyway hope this can be of some
help,, good trading</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri May 07 06:59:31 1999
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Date: Fri, 7 May 1999 07:20:51 -0600
Reply-To: eadamy@xxxxxxxxxx
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Stops/Michael
References: <3.0.32.19990507044939.006889ac@xxxxxxxxxxxx>
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There is a general tendency once a trader has had stops hit a few times to
blame the "insiders" rather than to blame the choice of stop placement. Good
stop placement in trading is analogous to buying insurance for your home,
business, or car. If you select too small a deductible your costs will mount
negating the benefit of owning insurance. Insurance is not intended to
prevent all losses, it is intended to prevent catastrophic losses. Ditto for
stops.
Earl
----- Original Message -----
From: Stewart Taylor <staylor@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Friday, May 07, 1999 3:49 AM
Subject: Re: Stops/Michael
>
> I view stops being hit as a price of doing business. I never ever ever
> trade without a physical stop placed in the market. In fact, the first
> thing I consider when deciding on a trade is where to place the stop. If
a
> reasonably secure stop is too far away, then I don't do the trade. You
can
> do what you will, and this is just my opinion (based on being a long term
> survivor) but trading without a physical stop in the market (an option
stop
> satisfies this criteria but opens up several new problems for the short
> term trader) is not a survival behavior.
>
> Again, I know there are lots of ways to skin the trading cat.... but I
> would rather walk the streets naked than have a position of any kind
> without a resting stop in place behind a physical price barrier.
>
> One last point, over the years I have met a lot of great traders. Almost
> without exception the ones I know that have had long term success have
> worked trades from the risk side back and use stops religiously.
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