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In a message dated 08/05/1999 7:13:50 AM Pacific Daylight Time,
chmeyer@xxxxxxxx writes:
<< Would someone please tell what the
big disadvantage is to this over trading from home? With all
the problems I have seen posted to this list, and others, about
problems with feeds, software, etc. the idea of split-second
executions along with having everthing all laid out sounds
appealing >>
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Charles:
The problem is that no matter where you go, you will have the same problems.
If you go to some daytrading firm, you will not be aware of the problems as
you trade. The same problems will exist but you will not know about it.
Ignorance is bliss until the first time that you lose your money because of
these problems. Also if you are talking about trading stocks, several
traders have posted that many of the speed advantages are no longer valid.
As a futures trader I cannot verify it but you want to be aware of this also.
Lynn
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