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<DIV>I've found that LFG offers fair commissions, but they have been
very steadfast in refusing to compete with the deep discount rates on the
e-mini. Since I was turning hundreds of e-mini contracts per month when I was
day trading, I looked elsewhere.</DIV>
<DIV> </DIV>
<DIV>I've opened trial accounts with numerous futures brokers to try different
electronic systems and LeoWeb is the only electronic system which I have
continued to use for over 2 years now. I used my first browser-based order
system to trade stocks 3 or 4 years ago and have tried a number of them since.
It's been my observation that browser-based trading systems tend to be clunky
and slow while standalone software tends to be more agile and faster - at least
when operating over my relatively slow 28.8 connections.. I'm sure there are
exceptions, however I will not use a browser based order entry system for
regular trading and I certainly would not use one for day trading.</DIV>
<DIV> </DIV>
<DIV>I used the TimberHill Workstation from <A
href="http://www.interactivebrokers.com";>www.interactivebrokers.com</A> for day
trading the e-mini. The design and concept behind the TW was foreign to me when
I first installed it, however I grew to appreciate its elegance for day trading.
I've heard from a lot of traders who detest TW so your mileage may vary. It's
been over a year now since I used IAB and things may have improved, however the
only part of their service which was really outstanding was execution.</DIV>
<DIV> </DIV>
<DIV>I will add an unsolicited comment ... a lot of traders try day trading the
e-mini and very stick around. Most blow out their account because they don't
employ disciplined money management. Most of those who don't blow out their
account find that they are churning trades and commissions without making
significant profits. Day trading is a tough enough game, but the S&P is king
of the tough when it comes to futures trading. Good luck.</DIV>
<DIV> </DIV>
<DIV>Earl</DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Peter Laird
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, April 07, 2000 6:55
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] RE: S&P E-Mini
Commissions</DIV>
<DIV><BR></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000>Earl,</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=910084223-07042000>Very
interesting. I am about to do the E-mini "thing", and was opting for Leo Web,
but the rt's are in the $22 area. I have yet to ask for a better rate from
them, but I understand these things are negotiable. Not sure
though.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=910084223-07042000>I'm
not completely up to speed on the "ins and outs" of the different electronic
systems, but the Leo Web rep was saying the fact their program in a "stand
alone" on your computer, and not a web based affair, meant greater speed.
He talked about 3 sec. for fills after the trade is entered. Do you feel that
all fill speeds should be similar, regardless of broker? </SPAN></FONT></DIV>
<DIV><SPAN class=910084223-07042000></SPAN><FONT face=Tahoma><FONT
size=2><SPAN class=910084223-07042000><FONT color=#0000ff
face=Arial> </FONT></SPAN></FONT></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=910084223-07042000>I
would appreciate your comments on this subject, and certainly a suggestion as
to other electronic deep discount brokers your feel give good value for
service.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000>Thank you.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000>Peter</SPAN></FONT></DIV>
<DIV><FONT face=Tahoma><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000><A
href="http://home.golden.net/~laird/Comment.htm";>http://home.golden.net/~laird/Comment.htm</A></SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=Tahoma><FONT size=2><SPAN
class=910084223-07042000> </SPAN>-----Original
Message-----<BR><B>From:</B> Earl Adamy
[mailto:eadamy@xxxxxxxxxx]<BR><B>Sent:</B> April 7, 2000 8:12 AM<BR><B>To:</B>
realtraders@xxxxxxxxxxxxxxx<BR><B>Subject:</B> Re: [RT] S&P E-Mini
Commissions<BR><BR></DIV></FONT>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px"></FONT>
<DIV>LeoWeb is excellent for trading the full scope of futures contracts,
however, as you have found, you are paying a large premium to trade the
e--mini. The e-mini is a fully electronic system end-to-end and the quality
of fill will be the same at $4/rt as $20/rt. The broker's servers, back
office and support will vary from firm to firm and the deep discount firms
will likely score on the low end. If you are trading a lot of e-mini, I
would open an e-mini account with a deep discount e-mini broker and keep
your LeoWeb for backup (offsetting trades) on those occasions when the deep
discount broker is unavailable as well as using LeoWeb for full
contracts.</DIV>
<DIV> </DIV>
<DIV>Earl</DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sat Apr 08 09:23:38 2000
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
References: <20000407225436.45385.qmail@xxxxxxxxxxx>
Subject: [RT] Re: DOW leading Nasdaq
Date: Sat, 8 Apr 2000 07:00:13 -0600
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Status:
If you are trying to get a handle on EW, I highly recommend Bob Miner's
book Dynamic Trading www.dynamictraders.com, in which he takes a
simplified and extremely practical approach to the use of EW when it has
something to add to the analysis process. It's probably the best $100
I've spent on my trading education during the past 15 years and it comes
with a MB guarantee. The techniques can be implemented using virtually
any TA charting software.
Earl
----- Original Message -----
From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, April 07, 2000 4:54 PM
Subject: [RT] DOW leading Nasdaq
> That's what I got from my "book learnin'" so far. I am trying to get
a
> handle on Elliot Wave now. An analysis of the current DOW and Nasdaq
by
> some of our Elliot Wave experts would be instructional and
appreciated.
>
> Thanks,
> Dan
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com
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