Forum Archive Index - September 2003

[Phaedrus <Phaedrus@techemail.com>]

T100,
     It sounds to me as though you have quite a "tight" system with few stocks 
making it past the initial screen, leaving you with a shortage of trading 
candidates. You obviously know the answer though :- "Following my approach 
means that I need a far bigger universe of stocks."   Right, and you know where 
they are.
 I suggest you open an account with Ameritrade - they give excellent service 
and have the best online facilities I have found anywhere. It's easy - all info 
is online at www.ameritrade.com. They charge $10.99/trade (market or limit) and 
have a $2000 minimum initial deposit. What you get and what you are charged 
depends a lot on your account size. For example, if your acoount drops under 
$2000, they charge you $15/quarter. If your account is over $100,000 you get 
free live Level II quotes, streaming charts, etc. 
 Currently, the US market closes at 8am NZ time. In the summer it closes at 
10am NZ time. It is therefore easy to monitor the last hour or three without 
turning your life upside down. In any case, the market takes an hour or two to 
settle, and this period is best avoided, in my experience. 
 All other things being equal, the higher the volume traded, the better TA 
works. Your system should work better in Aus than NZ, and better in the US than 
Aus. 
 I think you are ready to play with the big boys. Take care though, they can be 
rough.

                 Phaedrus.
 

_____________________________________________________________
Are you a Techie? Get Your Free Tech Email Address Now! Visit 
http://www.TechEmail.com

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/