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Thanks Lynn. Then the truth might be that there is no advantage
only an advertised perceived one. Makes sense to me that
there could be some unexpected surprises to the trader's
detriment--after the fact. Might also explain the high turnover.
Best wishes,
Charles
-----Original Message-----
From: MRLYNNG@xxxxxxx <MRLYNNG@xxxxxxx>
To: realtraders@xxxxxxxxxxxx <realtraders@xxxxxxxxxxxx>
Date: Thursday, August 05, 1999 12:45 PM
Subject: Re: DAY: NIGHTLINE
>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 >>
>*************************************
>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traders have posted that many of the speed advantages are no longer valid.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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