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On another thread I posted a link to a new press release: Investors need warning on online trading risks - GAO http://www.elitetrader.com/vb/showthread.php?threadid=1875 This press release indicates that the Federal government may not be through "protecting" daytraders. I see nothing in...

New press release: Investors need warning on online trading risks - GAO http://biz.yahoo.com/rf/010806/n06219061.html While I agree investors need some of the information discussed in this article, such as consistent data regarding system outages and delays of specific brokers, I also...

Thanks! I don't know a lot of terms so you can probably tell that I am a VERY junior member. Fast

airspeed, You stated that NASDAQ is the SRO -- what does that mean? fast

What would make a strong plaintiff? Here is a draft of some initial criteria: 1. Trading account of less than $25,000 (any ideas about how much less? I am thinking that someone with $24,000 might not have as strong a case as someone with $10,000, but maybe not. Any thoughts?) 2. Active...

I may have found the answer to my question -- or at least part of it: the NYSE might be one of the primary targets. I searched under the keyword "daytrader" on the sec.gov site and apparently NYSE Rule 431 was a basis for the new SEC rule -- at least the proposal to raise the minimum equity...

The possibility of a class action suit is mentioned in at least two posts on this thread. That got my attention because I expect to be negatively impacted by this new SEC rule -- my cash trading account is under $25,000. Can someone explain who would be sued in a class action suit? It seems...

dlincke, Thanks for your reply. Is there a way I can determine whether an ISP has "excellent tier 1 peering agreements so as to ensure minimum latency and as few hops as possible between you and your broker and data providers?" Are you thinking that all national ISPs support PPP -- if...

I was looking at the systems requirements for Interactive Brokers (IB) and they require you to use an Internet Service Provider (ISP) which supports PPP (after some research, I think that's Multi-link PPP or Shotgun--whatever that is). That made me realize that I don't know the pros and cons of...

I enjoyed your comment-- laughed out loud. Liked your point! Fast

Found your post very interesting because I am just beginning to consider changing to a direct access broker. Never would have thought about some of the things you mentioned. Selecting a broker seems like a complex process. Thanks for you list. Fast

Your information came at just the right time. I have just gotten interested in finding out how many different software programs were used among all the different direct access brokers. My interest stems from the fact that I swing trade from charts -- am experienced with and dependent on...

Thanks, everyone--it's nice to be able to tap into so much knowledge so fast. Fast

After posting this I realized that most people who use this site probably use the trading platform of a direct access broker and therefore probably do not have to worry about ads. Am I right that use of a direct access broker eliminates or greatly reduces ads on your monitor screen? I swing...

Does anyone use a program to block advertisements? On 06/13 the NY Times had an article on these programs. The article stated that blocking ads frees up bandwidth. It occurred to me that this could be useful to traders when every second counts. Does anyone have experience with or thoughts on...

Thanks for letting me know the comments in the special report are old. I agree that Elite Trader has a good thing going. I have just about memorized the new Workstation Guide--it is absolutely great and came just in the nick-of-time for me. As a novice trader, I have trouble getting an...

The SEC is conducting an online investor survey. I have responded because I think the SEC makes rules and regulations that directly and indirectly impact individual traders. I hope each of you also will repond before the July 1 deadline. The survey is "designed to help [the SEC] learn how...

The following website lists and describes numerous direct access brokers: http://www.sonic.net/donaldj/day.html You have to scroll down a LONG discussion of why people should NOT daytrade to get to the list, which is somewhat amusing because at this end of this discussion is the most...

4jays, thanks for your reply to my request for responses to the article. I am a newbie so I don't understand everything you said yet. May have more questions for you after I have time to study it -- may be in a few weeks. Good trading. fast

Thanks a million! That is a great resource. I thought I had read nearly everything at elitetrader.com --evidently not. Now I have to go back and see what else I have missed. fast