Quote from TGM:
Nitro,
I am not a tech guy at all. But I have traded for 11 years. I do notice a speed difference between TT and IB.
Are you in Chicago? I would be astonished if you could objectively prove to me that you see a difference between IB and TT when clicking a mouse. There are so many variables that it is very hard to pinpoint where the differences are, but if you
really try hard enough in a scientifically sound way, I bet we could come up with the answer whether one was really faster than the other.
Maybe it is based on my machine??? I don't know. For most things and most traders IB is fine. Although, I have seen booktrader freeze up my machine a few times. I use Zerolinetrader because it 'feels' and looks like TT.
That may have nothing to do with the software and with either your internet connection or the IB execution/data gateways. If you told me TT never freezes I would not believe you. Any program that acts over the internet has a hiccup either on the client or server once in a while.
Traders are creatures of habit and if something is working I will not change it to save money. I hate CHANGE.
Perhaps so, but that does not justify spending $500/M for software for emotional reasons, or spending an extra $1.50 per side on commision for the same emotional reasons.
Markets change enough ---so I do not by nature like fooling around once I get used to something.
I don't blame you, but again these are not objective reasons to assume an extra $500/M or to incur a much higher commission. Further, we are not commenting at just people that are used to TT and don't want to change. We are also making an assesment for those that the original poster advertises to.
As long as it does what it is supposed to do and I jive with it. I do not mind spending the dough every month.
Again, this is not an objective appraisal.
Everytime I have cut corners or seen others try ---it backfires. But that is for scalping. If you are not a heavy scalper ---you have many other options.
Well, I am in a different camp. I find that software generally gets better and more sophisticated every year. I have a feeling that it is not the software that is at issue, but the entire package that comprises your software + broker. People don't realize how many pieces there are in getting your order to the exchage. The software executing on your machine is just the client. There are at least two other pieces in between you and the exchanges in cases where you do not have true direct access, and that is the quality that you may be experiencing...
Of course, it depends on your trading style. When scalping heavily (thousands+++ a side) little differences can effect my trading in a big way. Once most traders get used to something --they do not want to change. I am no different. It is just psychological ---I know ---but confidence to put out a huge position at the right time (for my style trading) is very critical. Karma is everything and once you got it flowing ---don't change a damn thing. TT may not be perfect ---but I can always count on it to work for me. It has never really failed me.
I understand. But you are probably one trader in a thousand on ET that does thousands per side a day. Who is your current broker?
So basically if I ever need a custom app written ---I can hire you!
Ok.
nitro
