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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Alexander Kran who wrote (573)10/21/1997 4:20:00 PM
From: nshul   of 12617
 
=reply, but off subject=

It depends on several factors. If the price dropped quickly, you probably will have a tough time with them. Their executions are fine in a slow market, but when the demand is up, you may end up with a much less satisfactory execution. For example, if you set a trigger for 70 and the stock started to drop through that level, you may not get the sell at 70, but 69, 68, etc.. It depends on how well they execute. This is why the execution perf. of a brokerage becomes so important - how they perform in a tight pinch.

If the action was slow, it becomes harder for them to say that they just couldn't sell your stock at the trigger price. Especially, if about 100 other people (from other brokerages) sold theirs at the price.

good luck
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