Esignal outage

bmont · May 11, 2006

Quote from stktrdr:

Just telling you like it is kid. If you "trading" you need a lot more than $20k. Hell, my wife's amex bill was more than that last month!

Otherwise your "trading" is nothing more than a hobby/pastime (like riverboat gambling). Now if you substitute the word "investing" for "trading" then then original comment that started this sub-thread is reasonable.

I have to agree with stktrdr on this one. Trading professionally costs money. If you are making six figures a year you are going to have costs associated with the business.

I have been quoted $600 per month just to get access to a certain company's APIs for their data feed. But that datafeed is way above ESignals in terms of speed and latency.

If you are a scalper then you better have a backup datafeed as well as a backup broker.

If you are a swing trader and you have a position in the market then call your broker to manage the position and then sit back and have a coffee. You are probably done for the day.

As for Esignal, I learned a long time ago that they couldn't give a rat's ass about their customers. The only way to get them back is to cancel your subscription.

And I agree with stcktrdr about having a minimum of $20,000 to trade for a living. I think you should have a least $50,000 to trade equities. Or you could join a prop firm and use high leverage to bleed your account dry.

lp3yc · May 11, 2006

Quote from JayF_eSignal:

Connectivity has been restored to our Boxborough, MA server farm. All connectivity to our Hayward, CA farm is in the process of being redirected, however service will not be completely restored for about another 30-45 minutes.

Thanks for the update Jay. It is appreciated by the serious traders around who have a clue as to what a DOS attack entails. I apologize for the other moronic comments you have had to endure here.

To all the little cry babies, go to CQG, prophet or who ever else you are threatening to go to and do us a favor STFU!!!!!!

The fact that software and hardware has occasional issues (welcome to the real world!!!) is not the cause of your unprofitable trading, the cause is your attitude which will probably never be rectified.

P.S. keep sending your money.

trader28 · May 11, 2006

Quote from bmont:

I have to agree with stktrdr on this one. Trading professionally costs money. If you are making six figures a year you are going to have costs associated with the business.

I have been quoted $600 per month just to get access to a certain company's APIs for their data feed. But that datafeed is way above ESignals in terms of speed and latency.

If you are a scalper then you better have a backup datafeed as well as a backup broker.

If you are a swing trader and you have a position in the market then call your broker to manage the position and then sit back and have a coffee. You are probably done for the day.

As for Esignal, I learned a long time ago that they couldn't give a rat's ass about their customers. The only way to get them back is to cancel your subscription.

And I agree with stcktrdr about having a minimum of $20,000 to trade for a living. I think you should have a least $50,000 to trade equities. Or you could join a prop firm and use high leverage to bleed your account dry.

We dont disagree with him, just dont need to be told that by a loser with a 2K IB account

jrlvnv · May 11, 2006

Quote from bmont:

And I agree with stcktrdr about having a minimum of $20,000 to trade for a living. I think you should have a least $50,000 to trade equities. Or you could join a prop firm and use high leverage to bleed your account dry.

Why do you feel that its ok for daytrading equities for 50k but when a prop firm gives you more money to trade with now that you are going to bleed your account? I am about to join a prop firm so would like to know why you feel like this.

Covert · May 11, 2006

Jay-
Will the data that was lost throughout the day be restored at some point tonight?

Bernoulli · May 11, 2006

Covert-

I am seeing all the data in the charts but I had to refresh the cached data. However, there are some indicators, $TICK, etc., that are completely wrong.

bmont · May 11, 2006

Quote from jrlvnv:

Why do you feel that its ok for daytrading equities for 50k but when a prop firm gives you more money to trade with now that you are going to bleed your account? I am about to join a prop firm so would like to know why you feel like this.

Sorry, I should clarify that.

I think you should have at least $50,000 trading capital to sustain yourself. You could put $10,000 into a prop firm so that you don't tie up all your money and leave the other $40,000 in an interest bearing account. That would be ok. What I am refering to is those traders that join a prop frim who have only $10,000 trading capital total and then take on excessive leverage just because they can. I have seen trader after trader lose their accounts doing this. And it is a slow bleed.

BTW, which prop firm are planning on joining?

JayF_eSignal · May 11, 2006

Bernoulli's correct. The historical data on our servers was affected by today's event (i.e. no gaps in the charts.) We are investigating why some of the statistic symbols were updating strangely.

jrlvnv · May 11, 2006

Quote from bmont:

Sorry, I should clarify that.

I think you should have at least $50,000 trading capital to sustain yourself. You could put $10,000 into a prop firm so that you don't tie up all your money and leave the other $40,000 in an interest bearing account. That would be ok. What I am refering to is those traders that join a prop frim who have only $10,000 trading capital total and then take on excessive leverage just because they can. I have seen trader after trader lose their accounts doing this. And it is a slow bleed.

BTW, which prop firm are planning on joining?

I plan on joining Bright since they are local and seem to have as good of reputation as anyone in this business can have. I heard there fees are on the higher end but I am still learning so I expect to pay a little more but never heard much on the negative side other then they are expensive.

FaderTrader · May 11, 2006

Quote from jrlvnv:

Why do you feel that its ok for daytrading equities for 50k but when a prop firm gives you more money to trade with now that you are going to bleed your account? I am about to join a prop firm so would like to know why you feel like this.

They feel this way because they got thier asses kicked. And truth be told - they probably would have pissed away a 500k account. A good trader is a good trader. If you are trading a 5k leveraged daytrading account you can make $500-$1000 per day net without any huge drawdowns assuming u have experience and are actually a good trader.

Bigger accounts simply allow you to lose more money or to stay in the game long enough to learn how to trade. But again, a good trade is a good trade and a bad one... well a bad one. Does having a 100k acccount and consistently losing money make you a good trader?

I've heard stories about doctors quitting thier practice to go into trading who subsequently lose $1 million over the next year. I personally would rather lose two 5k accounts and learn a ton.