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and change speeds. The advice is easy to give but hard to execute. While execution risk is seldom discussed on Wall Street, I believe that DAET has to a very great extent diminished execution risk. |
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No One Trades Without A Perceived Edge |
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What makes Direct Access Electronic Trading a better opportunity than other types of trading? Why have people who have never traded before had such tremendous success trading through DAET? The answer is quite simpleDirect Access Electronic Trading levels the playing field for the individual trader. The elements present in Direct Access Electronic Trading are unique to the financial markets. While other day trading opportunities exist, to my knowledge only Direct Access Electronic Trading combines the use of the free flow of trading information and speedy execution. The availability of trading information and the ability to act on it is the essence of successful day trading. No matter what one trades, success will depend on identifying opportunities via analysis of available information (both technical and fundamental), making a conclusion (a trade decision), and then executing the trade. |
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Another benefit of Direct Access Electronic Trading is the virtually unlimited number and variety of stocks that can be monitored for movement and therefore for trading opportunity. For example, a person involved in day-trading a commodity such as gold or heating oil will be very disappointed or even bored if that particular commodity is not being actively traded at a particular time. Even if one is actually working on the floor of a commodity exchange itself, a dead day is a dead day. |
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Direct Access Electronic Trading, on the other hand, potentially involves monitoring hundreds of active Nasdaq and listed stocks. With rare exception, there is something going on somewhere in Nasdaq or the NYSE market. The Direct Access Electronic Trader goes to where the action is with the flick of a keystroke. It is unlikely that a commodities floor trader will |
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