DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (46)	6/7/1999 12:47:00 PM
From: Robert O	of 18137

I think people on this thread are getting confused between 'direct access daytrading' and what they are used to which is the 'typical' retail account for like a Schwab or Fidelity e.g. $10-15 a trade. Many don't even realize there is more going on than the PATHETIC service Fidelity offers over the 'Net. But I'm not bitter or anything '-) RO ps I believe I personally was able to change an amazing omission on Fidelity's site. We were in a dispute regarding a limit order GTC sell order I made one minute before the market close. They claimed it came in one minute after the close and filled me the next day. At that time, no time stamp was on the order on the web page for trading!!! Incredible, they will always win the argument since only they know what the time stamp really was... time stamp finally was added. The idiot at Fidelity actually said 'well if you wanted out of the stock does it really matter if it's end of day or next day?' Unreal, I said are you shitting me? Turns out that 'trade' was profitable for me but I would have waited to see a downturn during next day's session which never came. Lost point and a half upside from gap up in morning. Great site and info. thanks!

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