I'm being to hate daytrading

Quote from Steelhead:

Nice group" - Joab December 19, 2006 4:10 PM

TUCO trading
Quote & Execution Speed 5
Range of Services 4
Training & Tech Support 5
Commissions & Fees 5
Overall Reliability 5
"Friendly shop and nice guys"

hey joab------- care to refresh your glowing recap of tuco trading?
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Yes I actually would like to do that :mad:

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They are still nice guys though. :)
 
Quote from Spectre2007:

There are some people that only trade 12 times a year. Mainly NFP or non-farm payrolls, and in bond futures or forex.

But most people who even have a modicum of success, will be watching the markets most everyday and trading. But not with the same size as other days.
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That's the catch, to have a good handle NFP's you need to be around for what happened beforehand. I wonder if there really are traders who watch the markets daily and are capable of sitting on their hands the vast majority of the time. It's hard enough trying to limit your actions during each session, I try my hardest not to get suckered into micro-tape trading.
 
Quote from Hook N. Sinker:

What is preventing you from swing trading now?
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I do, just thinking of upping the stakes more to subsidize the daytrading income. :)
 
Quote from Joab:

Yes I actually would like to do that :mad:

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They are still nice guys though. :)
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I am surprised how drastically your opinon changed in the time span of a month and a half.
 
Quote from Joab:

Between

bad fills
slippage
delayed stock openings
platform outages and errors
charting outages and errors
cable outages
computer issues
Data costs
charting costs

and

What's really bothering me today is all of the companies that provide us with all this crap, treat us like dirt.

I'm seriously considering only Swing Trading and I'm a profitable daytrader.

It really is getting to be too much :mad:
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The only problems you mentioned which I have are delayed stock openings, and slippage. Slippage is relatively inconsequential for me - when I'm chasing a ripping stock where everyone wants to get it, my limit order might not get printed, and I risk that. I don't pay data/charting costs, have never had a connection/platform outage, and never get bad fills since I don't use market orders and only trade with autoexec limit orders and through ECNs.
 
Quote from FXTraderWill:

The only problems you mentioned which I have are delayed stock openings, and slippage. Slippage is relatively inconsequential for me - when I'm chasing a ripping stock where everyone wants to get it, my limit order might not get printed, and I risk that. I don't pay data/charting costs, have never had a connection/platform outage, and never get bad fills since I don't use market orders and only trade with autoexec limit orders and through ECNs.
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May I ask who you are with...what is your charting package?
 
Quote from Hooked2000:

May I ask who you are with...what is your charting package?
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Assent/Lynx. I just use Anvil's default charting (Anvil is the execution software provided by Assent). The executions/relability are top notch; not once has the system ever gone down. I've had stale quotes a few times, but the issue is resolved within 5-10 minutes at most.
 
Minmike totally agree! I felt this way before switching over to futures.

>All I can say is one word Futures

>I'v never dealt with 1-5
 
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