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I agree with all that has been said. And it all depends on where you are
in your trading.
For someone just started to learn about following the markets and
trading, it would be crazy to go out and pay for data. Money would be
better spent in other areas as far as learning about trading and the markets.
But, for a real time trader who puts money on the line all the time, it
would be crazy for them to depend on free data. They need the best data
they can get and be willing to pay for it.
So I guess it works both ways. It just depends on who you are and what
you need.
Some people need to spend over $3,000 on more than one computer, over
$3,000 on trading software, over $3,000 on the great holy grail code to be
used with the great trading software, over $3,000 on books about trading,
over $3,000 on courses and methods on trading and even more money on many
other things to do with trading. Then some just need a chart and a
telephone and can do just fine.
People will find that just because they spend a lot on trading doesn't
mean they will make a lot trading.
When learning, it may be best to be a little tight with your money.
At 11:32 AM 7/15/01 EST, jfh230@xxxxxxxx wrote:
>Boy, there is just some flat out nastiness going around. Not just this
>exchange but on a number of other lists as well. When people start giving
>it to Clyde then you know something must be in the air. Clyde has to be
>one of the more generous posters on this list in sharing his time,
>ability and methods. Quite frankly he is one of the dozen or so pieces of
>glue that keeps this list as one of the best.
>
>As I read Clyde's response it appeared to me that his response to Ketayun
>was from his point of view, as a trader and system developer. If you
>can't afford the data, you can't afford to trade. Couldn't agree with him
>more. But what about the other end, the person trying to learn. Certainly
>shelling out hundreds a month for data is a drain on the pocket. Nothing
>wrong with looking for free data to use while learning. Perhaps the
>question could have been phrased slightly differently - What is the
>cleanest free eod for the s&p to use for learning? The more information
>you can provide in the question, the less chance there will be a
>misinterpretation in the answer.
>
>I doubt many people on this list know one another or what their personal
>situation is. The personal attacks on this list are minimal compared to
>other lists. If you (and this is a general suggestion not specifically
>directed to Ketayun) feel that you were attacked then why not respond in
>private to that person first. Find out if it was just a misunderstanding.
>Just because this is a public forum, doesn't mean that everything has to
>be public.
>
>To answer your eod question I would do a search on the yahoogroups
>realtraders archive for "free eod" and look at past respones to see if
>there is anything of value for you. I have also found the qcharts site
>useful in that you can call up a chart and save the data in ascii format
>for use in your software.
>
>
>Jack
>
>
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