Richard, I still have my back-up brokers, and I think it is a MUST. Datek has been better the last few months, and I can't complain... but maybe that is because I'm using them less, and it is less critical that they perform extremely well. Thursday, I did a few trades w/ Datek and they did well. I use Cyber (believe me, not the ideal broker either) for the bulk of my trading, but I do use Datek for 3-4 trades a day, however only for the more leisurely swing-type trades, where exact enty/exit points are not as important. Lack of the capability for order routing by customers is a drawback. I do use Datek for NYSE and AMEX trades quite a bit, and I've never had a problem - as a matter of fact, I do almost all my NYSE/AMEX trades with Datek rather than my other brokers - come to think of it, the majority of my trades w/ Datek are listed issues (mostly because while 90% of my trades are Naz, I do use Cyber for most of my trading). All in all, while I have no experience w/ Etrade, I suspect Datek is the better broker.
All IMO.
Morgan |
