Hi, Morgan
I think it's obvious that CyBerTrader is not the invincible "Humvee" you and I want it to be. Nor is any other daytrading platform. Frankly, I think that, due to competitive pressures, they have made it so "robust" as you call it by adding too many bells and whistles. That's my opinion. But there are a lot of features, not all of which I use or need. And that may partially contribute to the problem.
Unfortunately, however, even if CyBerTrader (or any other trading platform) could be as robust and perfect as you and I want, that would still not solve the problem. Risk would still be high.
Let's say that CyBer's entire in-house system were totally, completely, undoubtedly perfect. Never a technical problem. Not ever. Would there be no risk? Nope.
There is the "internet" factor built in. ISP problems, overcrowded or screwed up backbones, telephone companies and lines, data connections, your ISDN modem, your computer, Windows 95 or 98 or whatever, your hardware, etc, etc, etc. Any of these pieces can fail at any time. We all know that. And, when and if any one of them fail, regardless of whether or not CyBer is running perfectly on the servers, well.....you are screwed. I don't know how else to say it.
One can improve the connection, get a frame relay line, or whatever. But there are always factors that cannot be controlled, and the internet is only one of them. CyBerTrader cannot control all these factors, nor can any other online broker. And for that very reason, short term trading (especially VERY short term daytrading) makes one subject to tremendous potential losses.
Like I have said, risk is always high, and one should not daytrade more money than one could write off without major pain. I believe it will be that way for quite some time to come. I hate to sound like I am defending online brokers, but I must note that we never question the dealers at a casino for allowing us to enter. It is our own decision whether or not to enter, which games (stocks) to play, how much to put in one hand, and how long to stay. And we are responsible for our own actions. Greed is the enemy. And, if you ask the DOJ, Bill Gates is bad, too. (I know your favorite stock!) :-}
Bill |
