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Non-Tech : CYBERTRADER

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To: Suntzu who wrote (2611)6/8/1999 5:25:00 PM
From: Sir Francis Drake  Read Replies (1) of 3216
 
<<........if your not happy then exercise your right to try another. I have and will remain here.>> And I will excercise my right to express my opinions without asking for your permission, thank you very much. You've expressed your opinion - great. I will express mine.

<<How is today any more critical than another? >>

When the market is staging a very strong move (up or down), as it did today - I call it a critical day, because the consequences of being caught in a bad trade are far more dire than on an "ordinary" day. Are you aware of the fact that there are days when a stock, in keeping with the market, can go up/down by a hugely greater % than on most other days? Today, was such a day. I care far less, when Cyber collapses on an "ordinary" day. And so, your statement <<in the scope of the Market it was just another day>> is false on the face of it - check the indexes, this was emphatically NOT "just another day".

<<Ultimately if you choose to take the risk you did with 4 lots then you better be ready to absorb that risk!>>

I accept risk - if I make a bad trade, I blame no one but myself. If my trade goes bad because of my broker, I get understandably PO'd. There has to be some assumption of basic competency when you are using services that you PAY for. If GM makes a defective car, it is not OK, to simply say - gee, par for the course. I pay to trade with Cyber. When I don't perform, I absorb the cost. When Cyber fails, will they compensate me? I didn't think so. The least I can do is express my extreme displeasure.

Morgan

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