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Strategies & Market Trends : Rande Is . . . HOME
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To: Joe Smith who wrote (15544)11/23/1999 10:59:00 AM
From: Rande Is  Read Replies (1) of 57584
 
When market tanks. . . too many brokerage houses are unreachable!! The SEC should ALWAYS be notified, when this happens.

One thing I will be coming out with is a subjective rating system for brokerage houses. I mean . . . what is the single most important function a brokerage serves?

It is giving you access to your money and/or stocks when you need it.

Many brokerage houses tend to ALWAYS bog down on heavy sell-off days. . . and post alerts that their phone service will be down most of the day, due to problems at the PHONE COMPANY. . . "hello, DLJ? . . . did you know that Tokyo Joe's entire site is boycotting your services? Now I think I know why!"

Who cares about commission? and who cares about research that is availabe elsewhere on the net?. . . .when just one time being unable to make sells when you need to can cost you hundreds of times more than you think you saved by going with a discount broker. .

If you pay double or more per trade, but can always get through when you need to, you are definitely better off than putting up with a brokerage house that cannot handle its volume!!

It is hard to make the gains we make. . . . NEVER Be willing to give them up. . . especially to the brokerage house that generally makes markets against you. Take your time and money and find one that doesn't!

Rande Is
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