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Non-Tech : TD Waterhouse Group (TWE)
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To: Tom Caruthers who wrote (1109)3/8/2000 11:27:00 AM
From: OldAIMGuy  Read Replies (1) of 1413
 
Hi Tom, It's like working on your car with an adjustable wrench when you know you should be using a socket. If you round off the bolt head then it's your own fault.

Misapplication of the tool.

People seem to think that perfect execution in the market place is easy. They feel they "deserve" it even if they aren't willing to pay for anything but discount service. This is a "cake and eat it too" thing.

I both own and use TWE. My success rate is higher than yours in that I use their Good for 60 Day Limit Orders that fill automatically when the price target is achieved. This happens whether I'm here at my computer, working on my old cars, playing golf or helping my kid with homework. I was alive and happy before computers and OLB's and I'm still alive and happy.

I can feel the anxiety and stress of these folks that have "problems" with TWE and the other OLB's. It does seem to me that the methods of "investing" being used are not appropriate for the system with which they are attempting to trade. Many are attempting to use arbitrage methods and petit percentage profits for very short term trades. Their goals are so small and so tight that any momentary error in execution is cause for grief. If their goals were set at 20% or 50% or 500%, a moment's miss would NOT turn to disaster. Thomas Phelps said, "The reason people don't make more money in the market is that they set their goals too low."

I hope for TWE's sake and mine as a stockholder that TWE continues to improve their system and infrastructure while remaining profitable.

Best regards, Tom
PS: If anyone's interested in how my personal investment in TWE is going, take a look at
execpc.com
It's not my most profitable venture yet, but it is in the black.
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