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As someone else stated... you can have as many network cards as your system can handle, but your computer will pick the first one available to route your Internet connection through. If that connection goes down then your access to the Internet will usually stop. The quickest way I have found to...

i did some tests trading AOL and found virtually no difference between a market order and a "marketable" limit order. Both orders were always filled at the same price and within a second of each other. ofc, this isn't really a scientific study but it's the same as I experience in real life...

quote.com has a product call qlink... not sure I'd really say they have good service... but it usually works. fletch

Redi+ is capable of trading futures... your broker just needs to allow it. fletch

The way it works at the NYSE is they can sit on your order as long as they want if they are busy. My understanding is that the SEC won't even consider looking at a marketable order unless it's been marketable for over two minutes and not filled or displayed. fletch

When you trade through a professional broker using a LLC all of your income is passed through to you as ordinary income. So, you receive a K-1 at the end of the year and pay taxes at your taxable rate. You are not subject to the additional 14% self employment tax if your firm elects...

I've had that happen many times... although 10 minutes seems pretty long for a stock trading 7 mil shares. It could be that the specialist was working a large order and either already planned on filling you at your price or he was just to busy to deal with your "small" order. I'm not sure...

Bright trading's remote deal is even worse: Trading in an office: $600 includes Redi+, First Alert, Internet access, all equipment and electricity. You can trade in an office w/o First alert for $300/mo If you trade remote for Bright you pay $400/mo and you only get access to Redi+...

Echo trading and Bright trading (along with other pro firms) will sponsor you if you plan on trading with them. fletch

here's a great list of companies: http://www2.briefing.com/scripts/PowerAnchor.asp?varArticleID=SB20010914101742rreid fletch

I believe the WorldCo office is across Broadway on the other side the island. fletch

How do you figure a 50/50 chance? I count one company that went under and 30-50 that are still in business. I guess there could be a few more that went under but that's not anywhere near 50%. I would think the risk of being in a hedge fund is much higher. Since Harbor Securities went under...

It can also be said that 100% of the time the high of the day will never be below the opening price. Of course, the low of the day is never above the opening, either. Remember, you heard it hear, first! Fletch

At the last trader's expo I asked the IB guy how orders were routed to the NYSE floor and he said it was through their DOT system. Redi+ is an order entry system... similar to RealTick, etc. Direct+ (or NX) is the ECN that the NYSE is testing. Most NX orders bypass the specialist and the...

My guess is that most frequent traders that don't belong to an LLC use marked-to-market accounting so the wash sale rule would not apply. you can find more info here: http://www.fairmark.com/capgain/wstrader.htm or http://www.taxtrader.com/ or just do your own web search. If you have...

I'm sure everyone will be shocked by this... including tradex21... but Bright Trading and Echo Trading are "for profit" companies! Yes, it's true! Their goal is to make a profit... they do this by charging you various fees for the privilege of trading their money. Are they really "modern day...

The haircut charges are based on amounts that you carry above your account's capital. With some firms you get x times your capital before the haircut charges kick in. For example, at Bright if you have over 50k in your account you can carry up to 300k (6 x 50k) worth of arbitrage (or approved...

Redi+ is similar in that you can double click on an order change the price then send it and it will replace the old order with the new one... but my experience is that it actually waits for the out before sending the new order. Otherwise there is always a risk of getting filled on both orders...

I know people that have trader remote with Bright for years. Ya, the don't encourage it but they do allow it... ofc, you do have to trade profitably in an office for at least 2 weeks first. Both firms have decent risk management, neither firm wants to be a repeat of Harbor Securities. Both...

For some reason Echo's health insurance is about 40% more than Bright's insurance. I have not compared the 2 plans side by side but they both have major PPO plans. If you consider that Echo's monthly rent is cheaper than Bright's and then add in the health insurance it's probably a wash. One...