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01/20/10 8:26 AM

#13186 RE: jacktrades #13176

Jack,

There is much to be said about either one since Choicestream from Choice Trades is from a broker that can give you a better price if you are a semi-active trader (five trades a month =only 30.00, if not, only 44.95 same price as Quotemedia from Bloomfield). This is also an upraded version of that for the same price, I am not really sure still whether or not I like the upgrade. Charting is off the Choicetrade and on the broker page, but is much better if you use that in your determinations. but I did find that if you use the charting and want back to your regular Choicestream portfolio pages you find it does not work right (The first L2display change will not display and that is that, and you have to shut it down and restart it. That is a pain in the rear and even though it takes only a minute or two, it is an interruption that annoys me. And if I am watching a runner while trying to get quick info on it, well you can't take that much time not watching the action and chance losing profits quickly. If you miss the top end, which is a visual signal of the price suddenly stalling in increases and the lower bids start dropping fast. The reversal is usually a lot faster than the rise and in bigger chunks of price if not volume too. Catching it late is a tough sell when it is dropping as fast as it can record. You need a fast response from your broker's designated routing. Choice trade is pretty fast using UBSS, HDSN, AUTO, and NITE. Inputting trades is pretty fast and routing is immediate. Closure usually takes a minute or so to see it, depending on if you are still in the thick of the market and not above it already with a limit sell. Market sells are always dangerous but at times the only way for these runners. The big money will get theirs, you can only hope to sneak in with them. But that is off subject at hand, only points to the fact that was two trades by itself with the broker and you are on the same site you need for quick access to streaming and trading. Unsubscribing should be easy enough to do through CHAT or however it directs you. Closing the broker if you don't need him selling any stocks you hold, transferral likely costs more than it is worth. Like any low cost brokers, the costs to close one imposes good size fees.
Downside: After opening and viewing Choicestream, opening and using IHUB in the morning before noon, just viewing the boards in your favorites, opening one here and there seems to interfere with java and cause a problem that only restarting your computer will solve. That upsets me to no end. That is 7 to 10 minutes before I am back to realtime streaming. It could have something to do with the upgraded version of Choicestream. Charges for it can be anytime , no set schedule and it may not be correct the first time, but in a few days it may or may not be corrected the first time if you had 5+ trades. A few minutes on chat can easily enough clear that up. Anyway you must always hold enough cash to cover these charges. I have yet to speak with Chat (Chat is real quick access usually on most mornings) about this and they may have their own techs for Choicestream or as well send me to Quotemedia support, which would be fine by me.

Quotestream from Bloomfield Investment is a basic program, but I loved it. Great easy L2s, easy quick quotes for basic checking of a symbol's action today without adding to a portfolio to get it, quick addition to a portfolio for real L2 viewing of streaming realtime time and sales list and bid/ask list. Excellent support directly from Quotemedia. Quick response always asks you to clear your browser cache and then close and refresh your feed, I usually responded that was already done. Yor RAM and Virtual Reality limits can be a problem causer. But most other problrms are rare and easily resolved. (See note below). It is easy and free to set up a Paypal site to handle the debit or credit card you are using to pay for this service and cancelling a subscription is easy and no questions asked. Bloomfield often has stock picking contests (not meant or designed for daytraders. they don't usually deal with minor things like longer than a few days). With good cash prizes for 1st place for anyone that calls a stock from the first of the month till the 18th and is picked on the final trading day of the month. It was fun and free and I almost won a month with WNBD, (I think) I called at .0029, final .0195 was .5% below RGVD on the final day of that night (I made over 4500 profit on WNBD when I finally sold it in a few weeks for .049) Realtime convinced me this was the top when it stalled, went down to .041and back to .049 a couple of days in a row, no .05 and above action. The big sell off came 2 days later and boy did it go to fast, .035 in five minutes and .015 by 9 minutes. It went back to .027 then.035 but could not hold and finally melting down to triple zero. I never would have done it that well without Quotestream streaming.

Downside: Lousy charting that really tells me little facts i may want to know like how it really traded over the last couple of days like price stops and starts during the day. Bloomfield DOWN!! This is a monster problem, you can't get to Quotestream without the Bloomfield site, infrequent but time consuming to get them to respond. The first email that you ever get from one of the principals of the company is the address you will need to get quicker response with a site down problem. Quotestream itself had a three day meltdown because of something major happening but only once did it ever happen that I know of.
Note: This IHUB freezing up the whole computer problem has happened before in the mornings and I quit using it for a while. I quess I should talk to their support people about it first if I can get them to contact me, it may just be an issue with IHUB. I usually just open an extension to the browser that is open already and it may be opening a new browser will solve the problem and I may try that tomorrow to see if that stops all problems but I doubt it.

Anyway you have to decide to take 10-15 days to open a new broker. Penson controls when you get active status by notifying the broker you have an account balance and then a few hours to get signed in to subscribe to Choicetrade and get it up live and running and then understand how to put in info you want and how to use the modules and adjusting a lot of default settings that you don't want displayed, adjusting applies in either case. Joining Bloomfield and subscribing to Quotemstream realtime is easy and should see it available the next day on the Bloomfield site. If not, contact them and tell them you have signed up and paid and it will show as soon as they do something, Paypal does immediate payments without even waiting for your payment to clear. The link is usually accessable in a few minutes, that was my experience with them.
Hope this helps.