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 Post subject: Day Trading
PostPosted: Tue Aug 02, 2005 12:32 pm 
Not a Newbie I just don't post much!

Joined: Fri Jul 29, 2005 3:06 pm
Posts: 58
Mi nuevo Amigos,

I have been attempting to manage my own retirement fund for the last couple of years. Currently i use Direct Access for executing my trades. High speed is a must. My executions take roughly 2 to 5 seconds. Is it possible for me to do this in Costa rica or Panama for that matter.
Would love your help.

Thank you.

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PostPosted: Tue Aug 02, 2005 3:05 pm 
PHD From Del Rey University!

Joined: Wed Oct 06, 2004 10:04 pm
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Plenty of high speed internet in Costa Rica but my day trading is limited to Ticas, Nicas & Colombianas depending on the market conditions.

Zippy


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PostPosted: Tue Aug 02, 2005 3:12 pm 
Not a Newbie I just don't post much!

Joined: Fri Jul 29, 2005 3:06 pm
Posts: 58
Good one Zippy,

I amtrying to kill two birds with one stone.

p.s. Do you reallly need high speed to trade chicas??

Thanks for the laugh

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PostPosted: Tue Aug 02, 2005 3:38 pm 
PHD From Del Rey University!
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Joined: Sat Sep 27, 2003 2:34 pm
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Location: Pits of Jax
YO Day Trader:
All I can say is that you are walking the high wire. I day traded 1998-99 and can say it is not for the faint at heart. I still trade somewhat but more like week by week or month to month......no more 2 to 15 minute rolla coaster rides.

Good luck.

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PostPosted: Tue Aug 02, 2005 6:09 pm 
Not a Newbie I just don't post much!

Joined: Fri Jul 29, 2005 3:06 pm
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Circus,

I know exactly what you mean. I am a bit more conservative. I would hold a position anywhere from 15 mts to 20 days.

The reason for my querry is simly this. Based on some of the posts(Mexpat) I inferred that the speed and reliability may not be the same as we are used to back home.
Is that correct? I dont want to hold the bag on a security that is going downhill and i cant enforce the trade in 5 to 10 seconds.

I am a technological moron. I dont know the various terms to describe speed ,transmission and reception.

Any assistance in this regard will be much appreciated.

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PostPosted: Tue Aug 02, 2005 6:21 pm 
Not a Newbie I just don't post much!

Joined: Fri Jul 29, 2005 3:06 pm
Posts: 58
Circus,

I know exactly what you mean. I am a bit more conservative. I would hold a position anywhere from 15 mts to 20 days.

The reason for my querry is simly this. Based on some of the posts(Mexpat) I inferred that the speed and reliability may not be the same as we are used to back home.
Is that correct? I dont want to hold the bag on a security that is going downhill and i cant enforce the trade in 5 to 10 seconds.

I am a technological moron. I dont know the various terms to describe speed ,transmission and reception.

Any assistance in this regard will be much appreciated.

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PostPosted: Tue Aug 02, 2005 6:46 pm 
PHD From Del Rey University!
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There are tons of what they call "high-speed" internet places. They are really not. I don't work in the industry so I don't know what the standards are, but I studied computer science in college so I know a little about it. In the US, I think broadband (high speed) usually begins at about 1,000 kbps (kilobytes per second) download. An average DSL line gives you about 1,500. Then you can go up to cable modems which usually run at over 3,000 kbps. You can get many different types of service, up to 6,000 kbps.

I ran an online test in one of the internet places in SJ and got a download speed of like 800 kbps. So it's much less than what we usually call high speed in the states. This is only one place and there were noticeable differences between the various places we used. I don't know what the upload speeds were, and this is probably more importnat for trading since you are sending info to others. Some of the CRT brothers who work in the industry would know better.

As far as reliability, I did notice that the more people that sat down, the slower it became. Sometimes speeds seemed to change for no reason. A couple of times in SJ places, the power just went out with no warning. It would suck if you were trying to place an order and the power goes out for a while. Think about what can happen.

I wouldn't count on being able to trade in CR. Go have some fun for a few days and the market will be here when you get back. The speed at Sportsmens Lodge (SL) was actually pretty good. They have 3 stations in the lobby for guests' use. And the have wireless throughout, I think.

-Orange


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PostPosted: Tue Aug 02, 2005 8:14 pm 
Not a Newbie I just don't post much!

Joined: Fri Jul 29, 2005 3:06 pm
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Orange,

Thank you. Thank you Thank you. I guess I will put the idea of living in C.R. for 6 months in an apartment and trading on perpetual hold till things clear up.

I do appreciate your help. I will check out Panama and see if the service is comparable to here.

p.s. I apologise for the double post.

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PostPosted: Tue Aug 02, 2005 10:11 pm 
PHD From Del Rey University!

Joined: Tue May 18, 2004 10:35 pm
Posts: 1030
Location: ann arbor,mi
I've traded since 99 and can not imagine doing so in CR. Up here I have had cable connection with a DSL backup and have still experienced problemos..It would seem to me that CR, even with it's new hi speed service would be a nightmare---translate that as potential money losing situations. It's hard enough trading without adding equipment/ service connection malfuntions


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PostPosted: Wed Aug 03, 2005 1:25 am 
Masters Degree in Mongering!
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Location: UK
Orange wrote:
There are tons of what they call "high-speed" internet places. They are really not. I don't work in the industry so I don't know what the standards are, but I studied computer science in college so I know a little about it. In the US, I think broadband (high speed) usually begins at about 1,000 kbps (kilobytes per second) download. An average DSL line gives you about 1,500. Then you can go up to cable modems which usually run at over 3,000 kbps. You can get many different types of service, up to 6,000 kbps.

I ran an online test in one of the internet places in SJ and got a download speed of like 800 kbps. So it's much less than what we usually call high speed in the states.
-Orange


I don't know what you are looking for but there are many places that claim to be high speed and are not, they are just somewhat faster than modems maybe only 128K. I've had DSL and cable and performance has been mixed you can get anything from 300K on a DSL and going up. It all depends on the quality of your connection and the proximity to the local phone exchange. Some cable providers will max out at 768K and the best will top out at 3000K. You can get higher speeds for a premium but these would be adequate. In Costa Rica, it's probably a lot lower especially at an internet cafe that will share high speed line(s) amongst all the computers there.


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PostPosted: Wed Aug 03, 2005 4:37 am 
PHD From Del Rey University!

Joined: Wed Oct 06, 2004 10:04 pm
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Pablitho53

Yes I do need HIGH SPEED to trade Chicas as I am a quick little squirter. It's kind of embarrassing but 3 seconds & I am looking for the Tabasco. I usually spend more time fukking with the Tabasco than anything else. Hey now there is a stock we should buy once word is out that this is the best way to control unwanted DNA spills that stock has got to move!!!

On a serious note the so called High Speed cable modems are full of lag compared to the US so be careful!

Zippy


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PostPosted: Wed Aug 03, 2005 8:23 am 
Not a Newbie I just don't post much!

Joined: Fri Jul 29, 2005 3:06 pm
Posts: 58
Gentlemen,

Thank you for taking the time to respond to my querry. I was fantasising about moving to C.R. for the winter (6 months), doing my trades in the morning and mongering in the afternoon and night. I saw a few apartments advertising High speed Internet(included)in tico times and such. Now I know better. It's best to monger and have a nice vacation.

Zippy, you may be on to something. We can come up with a sauce called"no cumsoon". Apply it on the pinga and forget about"high speed transfer of bodily fluids" a.k.a.premature ejaculation.

Muchas gracias

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PostPosted: Wed Aug 03, 2005 9:11 am 
PHD From Del Rey University!
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Joined: Wed Aug 27, 2003 11:26 am
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Location: Medellin, Colombia
I have lived and worked online for almost 4 years now from CR. WHile the speed of access is not as "broad" as US standards, it generally has been quite reliable. For trading, I dont think you'll find much difference in reponse and verification time. I know a couple guys that day trade down here with no reported problems. I assume you would have a phone number to call for backup incase the internet went down. That can happen ANYWHERE. I am in Miami area right now...and last night the broadband went down for over an hour.

I also must point out that Panama's connectivity is generally higher speed and better service so far. I am now operating out of both countries...and Panama's infrastructure in my opinion is more solid and reliable if you are comparing for internet related business or online trading.

THe new DSL service in CR is cheaper...and some report faster...but many outages have been reported lately, so for now I am sticking with my cable modem service from Amnet.

Good luck...


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PostPosted: Wed Aug 03, 2005 9:51 am 
PHD From Del Rey University!
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Joined: Wed Aug 27, 2003 6:59 pm
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Location: Tampa Bay
Tman...I'm just curious, who is running/providing the DSL service in CR...RACSA or ICE?

Another thought or question...is RACSA controlled by ICE?

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PostPosted: Wed Aug 03, 2005 10:05 am 
Not a Newbie I just don't post much!

Joined: Fri Jul 29, 2005 3:06 pm
Posts: 58
TMan,

Thanks. Intutively, I felt that Panama , based on the infrastructure, is better.

If, at all possible, could you please pm me the names of those folks who are tradin in C.R.

Gracias.

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