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<DIV><FONT color=#000000 size=2>Hi Richard,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>I trade the S&P and to a lesser extent the London
FTSE. Strangely the FTSE which is a much smaller market (15 - 30 K
contracts per day) seems to have slightly faster response than the SP. Why
not ask them about the Nasdaq. If you are like me, you still wont believe
anything you hear until you have experienced it yourself. What I can say
it that, for once, everything they have told me has turned out to be true, which
gives me some faith that if you ask a question you will get a realistic
answer.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Have not traded on Globex so I can not comment on that I am
afraid.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>If you want the best commissions you want to call Red Adeeb
(312 407 6029), $15.70 US markets, £12.00 FTSE <U>Including all fees</U>
etc.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Regards</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Simon</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Richard Karst <<A
href="mailto:rkarst@xxxxxxxxxxxxxxx";>rkarst@xxxxxxxxxxxxxxx</A>><BR><B>To:
</B>UKTrading@xxxxxxxxxxxxx
<<A
href="mailto:UKTrading@xxxxxxxxxxxxx";>UKTrading@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>25 November 1998 18:48<BR><B>Subject: </B>Re: Electronic
trading<BR><BR></DIV></FONT>Hello Simon
<P>I have been checking out PMB as well in order to set up an account. When
you mentioned your fills and response time, what market(s) do you trade
? I am wondering if the response time is the same for the Nasdaq as
for the S&P ?
<P>Also, what has your experience been with the Globex fills .... if you
have used that facility with PMB
<P>Your comments would be greatly appreciated, many thanks !
<P>Richard Karst <BR>Toronto
<P>Simon Townshend wrote:
<BLOCKQUOTE TYPE = CITE> <FONT color=#000000><FONT size=-1>I have
been using PMBe for some weeks now. I can't say I have ever
experienced the delay you speak of. The pages are set to refresh
at intervals from between 15 secs and 60 mins but you can always refresh
them manually by hitting F5. The orders appear to hit the floor
within a couple of seconds and the fills come back within 30 secs,
usually quicker. Maybe the refresh rate is putting you
off?</FONT></FONT> <FONT size=-1>Also switch to ISDN it seems much
faster than a 56k modem, dont know why. Also it saves me a huge
phone bill. I used to be logged on all day to avoid the 60 secs it
takes to log on when you want to place a trade. ISDN logs you on
in about 5 secs (not the 2 secs claimed!). By keeping your browser
on the screen when you disconnect it saves you having to go
through the PMBe login screen the next time you connect. So in a
nutshell you should be getting your order to the floor well within 10
secs of deciding to pull the trigger if you are offline at the
time.</FONT> <FONT size=-1>One other thing, PMB recommend you keep
a separate screen just for your browser. I agree and have just
bought a new PC just for that purpose. As I am sure you know they
are so cheap nowadays it is well worth it. Actually I had a couple
of 17" monitors surplus to requirements so I got away with just
buying a new box. Biggest problem is where to put the darn thing,
I just realised that crammed onto and under my desk are 5 PCs! No
wonder it seems to get warm in my office!</FONT> <FONT size=-1>Good
luck.</FONT> <FONT size=-1>Simon</FONT>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"><B><FONT
face=Arial><FONT size=-1>-----Original
Message-----</FONT></FONT></B> <BR><FONT face=Arial><FONT
size=-1><B>From: </B>Josh Taifer <<A
href="mailto:taifer@xxxxxxxxxxxxx";>taifer@xxxxxxxxxxxxx</A>></FONT></FONT>
<BR><FONT face=Arial><FONT size=-1><B>To: </B>RealTraders Discussion
Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>></FONT></FONT>
<BR><FONT face=Arial><FONT size=-1><B>Date: </B>24 November 1998
10:14</FONT></FONT> <BR><FONT face=Arial><FONT size=-1><B>Subject:
</B>GEN: Electronic trading</FONT></FONT><FONT color=#000000><FONT
size=-1>Hi All:</FONT></FONT> <FONT color=#000000><FONT
size=-1>I've been using LeoWeb and putting up with the headaches
well known</FONT></FONT><FONT color=#000000><FONT size=-1>to us
all.</FONT></FONT> <FONT color=#000000><FONT size=-1>I've heard
good comments re: PMB's system, but my reservation about
this</FONT></FONT><FONT color=#000000><FONT size=-1>is the time it
takes for a web page to download. I trade the S&P and
need</FONT></FONT><FONT color=#000000><FONT size=-1>to enter orders
very quickly--I like to put in my entry order and
the</FONT></FONT><FONT color=#000000><FONT size=-1>protective stop
at the same time. Waiting for the new page to
download</FONT></FONT><FONT size=-1>when a trade isn't working
sounds expensive to me.</FONT> <FONT color=#000000><FONT
size=-1>I'd like to hear from you PMB users if web page download
time is a</FONT></FONT><FONT color=#000000><FONT size=-1>problem and
if not what kind of connection you have. I use a
56k</FONT></FONT><FONT color=#000000><FONT size=-1>modem but almost
never get better than a 28.8 connection.</FONT></FONT> <FONT
color=#000000><FONT size=-1>Has anyone used FTG? I have their
software and it looks very good--but</FONT></FONT><FONT
color=#000000><FONT size=-1>no one seems to be a customer. Is
there a reason for this?? They</FONT></FONT><FONT size=-1>seem
to be a reputable outfit.</FONT> <FONT color=#000000><FONT
size=-1>Reply privately or to the group in
general.</FONT></FONT> <FONT color=#000000><FONT size=-1>Good
trading to all,</FONT></FONT> <FONT color=#000000><FONT
size=-1>Josh Taifer</FONT></FONT><FONT color=#000000><FONT
size=-1><A
href="mailto:taifer@xxxxxxxxxxxxx";>taifer@xxxxxxxxxxxxx</A></FONT></FONT></BLOCKQUOTE></BLOCKQUOTE>
</BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Nov 26 09:12:38 1998
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Date: Thu, 26 Nov 1998 08:33:10 -0500
Reply-To: knight@xxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Walt Downs <knight@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Gen: Losing Psychology.
References: <002a01be1905$cb12f260$203c31cf@xxxxxxxx>
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Ramon and Brent,
All weil put. In addition, the subconscious mind
deals not in terms of rational thought or time, but in *images*.
Just thinking the thought, "I will win", does not work.
Imagining the entire episode in your head much as you would in
a dream, does.
I use imagery a lot. I imagine myself not as a "bull" or a
"bear", but as a tiger. Tigers don't care where the market
is going. They spend their time observing the bulls and bears.
A Tiger looks for places he knows they hang out at, and then he
waits for the critters to be careless. At the right moment, he
pops up, whomps a few beasties on the head, and then disapears.
If the situation does not turn out as he planned, he doesn't
stop to think, he just makes tracks!
Thus the subconscious is used to progarm a superior mind-set in
which the trader becomes an *active* rather than *reactive*
market participant.
There are those who seem to feel that such uses of imagery are
not "serious" forms of trading psychology. I'll refer those
individuals to an intellect greater than mine:
"In the search for knowledge, we must at times forget that
which we know or have been taught. We must invent our own
games.... in effect we must learn to play like children."
-- Galileo Galilei
Walt Downs
CIS Trading
http://cistrader.com
>
> RT's,
>
> I have not read Elders Book but tend to agree with Ramon about the positive
> decision making process.
>
> Some years ago the book Psycho-Cybernetics was very popular and although I
> never read it at the time, I actually inherited a copy of it. After reading
> it, it made sense to me that you can, to some extent, program your
> subconscious mind to work for you by envisioning yourself doing and
> succeeding at what ever you have in mind.
>
> I have always thought that there is a fine line between so called "positive
> thinking" and self delusion. However, the way we learn is often a process of
> envisioning ourselves doing something and then actually practicing doing
> that until we have the confidence that we can do it. So I don't see this
> kind of rehearsal as self delusion if done properly and completely. Meaning
> that it must be done with the follow up planning, study, practice and the
> actual gaining of experience.
>
> Seeing oneself as being able to be successful should not IMHO prevent a
> person from seeing the business as something that must be carefully done in
> order to be successful. That may mean to many that they should think of an
> individual trade as a loser until it proves to be a winner.
>
> I cant believe that for example a quarter-back going into a football game
> would be helped by saying "I am a loser".
>
> Brent
>
> -----Original Message-----
> From: ramon <rbarros@xxxxxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Wednesday, November 25, 1998 6:40 PM
> Subject: Re: Wrong Lessons for trading.
>
> >Hi Guys
> >
> >Interesting thread here.
> >
> >There is no doubt that the psychological aspects of trading
> >are critical to a trader's success. For me what is important
> >is that a trader possess a set of empowering beliefs that
> >translate to actions which lead to success. While the
> >empowering beliefs may be universal, the actions tend
> >to be trader specific.
> >
> >Elder's approach works for him. It may or may not work
> >for others. It wouldn't work for me as my decision making
> >process gravitates towards the positive rather than the
> >negative.
> >
> >regards
> >
> >ray
> >
> >R Barros
> >101/25 Market Street
> >Sydney NSW 2000
> >Australia
> >
> >Voice: 61 2 92673470
> >Fax: 61 2 92673478
> >E-Mail: rbarros@xxxxxxxxxxxxxxxxxx
> >
> >----------
> >: From: Dennis L. Conn <dconn@xxxxxxxxx>
> >: To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> >: Subject: Re: Wrong Lessons for trading.
> >: Date: Thursday, November 26, 1998 12:14 PM
> >:
> >: Hi Dave,
> >:
> >: When I first read it, it seemed to be exactly the opposite of the
> >approach
> >: I would take to trade. But the thinking behind it begins to make sense if
> >: you can equate losing with alcoholism; according to Dr. Elder, your focus
> >: should be on transcending the behavioral patterns that cause you to lose
> >: consistently. If you have demonstrated a pattern that will inevitably
> >: destroy your account, he advises using the same approach as AA - instead
> >of
> >: standing up and introducing yourself as an alcoholic to a group of
> >people,
> >: he recommends 'introducing' yourself to your computer each trading day in
> >: the same way, substituting the word loser for alcoholic. By reminding
> >: oneself of the tendency, one can avoid it - at least that's what I get
> >from
> >: it.
> >:
> >: Since a lot of our problems in trading stem from ingrained behavior that
> >we
> >: have to transcend, and from habits of thought that we need to change,
> >maybe
> >: there's some merit to his approach. Maybe it's an intermediate step on
> >the
> >: path to becoming the person one needs to be in order to be consistently
> >: successful as a trader. Whether it works for everyone, I don't know; I do
> >: know that when I started trading, I dismissed the psychological aspect as
> >: unimportant. But these days I find myself more interested in that than in
> >: any possible profits, and see as much need to examine and learn more
> >about
> >: myself as I once saw to examine charts and learn analysis - maybe more.
> >:
> >: Regards,
> >:
> >: Dennis C.
> >:
> >: -----Original Message-----
> >: From: David Hunt <adest@xxxxxxxxxx>
> >: To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> >: Date: Wednesday, November 25, 1998 19:28
> >: Subject: Re: Wrong Lessons for trading.
> >:
> >:
> >: >I must say when Dr Elder said in his Psychology Video say to yourself "I
> >am
> >: >a Loser" each day before trading, he lost me. Did anyone else have this
> >: >effect from the book?
> >: >
> >: >David Hunt
> >: >http://www.adest.com.au
> >: >
> >: >
> >: >----------
> >: >| From: RAY RAFFURTY <rraff@xxxxxxxxxxx>
> >: >| To: tesla@xxxxxxx; RealTraders Discussion Group
> >: ><realtraders@xxxxxxxxxxxxxx>
> >: >| Subject: Re: Wrong Lessons for trading.
> >: >| Date: Wednesday, November 25, 1998 11:35 AM
> >: >|
> >: >| Elder's book is quite good, but contains only about 3 chapters
> >: >about
> >: >| the psychology of trading. The rest is devoted to descriptions and
> >: >methods
> >: >| of using some of the more basic and readily available indicators. He
> >: >then
> >: >| develops these into trading systems and presents some risk management
> >: >| techniques. After reading it you will probably want to go to some
> >more
> >: >| detailed texts on the subjects that interest you. For an excellent
> >book
> >: >on
> >: >| the psychology of trading try "The Disciplined Trader" by Mark
> >Douglas.
> >: >|
> >: >| Good luck
> >and
> >: >| good trading,
> >: >|
> >: >Ray
> >: >| Raffurty
> >: >|
> >: >| -----Original Message-----
> >: >| From: Terry S. Smith <tesla@xxxxxxx>
> >: >| To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> >: >| Date: Tuesday, November 24, 1998 11:11 AM
> >: >| Subject: Re: Wrong Lessons for trading.
> >: >|
> >: >|
> >: >| >Have never read Elders, Trading for a Living, but I have heard great
> >: >things
> >: >| >about it, maybe I will add it to my trading library. E-mail me
> >privately
> >: >in
> >: >| >this matter.
> >: >| >-----Original Message-----
> >: >| >From: Mike Campbell <mcampbell@xxxxxx>
> >: >| >To: tesla@xxxxxxx <tesla@xxxxxxx>; realtraders@xxxxxxxxxxxxxx
> >: >| ><realtraders@xxxxxxxxxxxxxx>
> >: >| >Date: Tuesday, November 24, 1998 8:54 AM
> >: >| >Subject: Re: Wrong Lessons for trading.
> >: >| >
> >: >| >
> >: >| >>Terry S. Smith writes:
> >: >| >>
> >: >| >>> The best book I have found to unlearn basic human nature is
> >MINDTRAPS
> >: >| >>> UNLOCKING THE KEY TO INVESTMENT SUCCESS By Roland Barach. Before
> >: >| >>> reading the book it did not occur to me that I needed to shift my
> >: >| >>> perspective 180 degrees to be successful. After reading it I
> >began
> >: >to
> >: >| >>> realize why I was struggling to making any money in my investing
> >: >| >>> persist. It lists 88 psychological snares or Mindtraps that we
> >must
> >: >| >>> unlearn to become successful in this business. The ISBN is
> >: >| >>> 0-935219-07-2. Happy trading,
> >: >| >>
> >: >| >>How would you rate this book with respect to Elder's "Trading for a
> >: >| >>Living"? I'm reading that now, and it's an eye-opener for me.
> >: >| >>
> >: >| >>
> >: >| >
> >: >|
> >: >|
> >
|