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<< << 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 >> >>
I long term trade and day trade both stocks and the S&P's. Last year, I
traded a few weeks at one of the brokerages in Chicago in what they call the
"war room." It is amazing, but misery loves company. Some of those traders
were doing 100 trades per day, in and out, in and out, some completed both
sides of a trade in the time it would take to tie my shoe. And sadly, most of
these traders were losers and they were trained by the brokers who were doing
their trades. It didn't take but a couple of days for all these traders to
find I was only trading two stocks and only had two stocks on my computer IBM
and MSFT. I have a belief that for day trading, the first
2 hours are the best and after that it is give back for me. I found that in
the middle of the second week, my new comrades became pests and I found it
difficult to concentrate well enough to continue, I was only there for
vacation, but home is where the heart is. Trading can become lonesome, but it
is far easier to talk to another by phone in your bathrobe than to fight the
traffic everyday.
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