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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who started this subject3/30/2002 7:08:05 AM
From: ToTradeWell  Read Replies (3) of 4969
 
Hello Steve,

A couple quick questions about Yamner:

For some reason I am just discovering Yamner. I like what I have read, but I would have to get used to doing trades over a phone. Could you comment about this for us quiet types who feel more comfortable pushing buttons?

I would feel comfortable about calling in an order to buy/sell and then a 2nd order (stop order) at the same time over the phone.

But often I will move my stop order, or change my mind and pull a limit order when I don't like the way the stock is behaving. Some days I might even seem indecisive.

This can result in several calls to the broker that results in his work yet no order is filled. I may even cancel an order and quit for the day.

Is this a normal part of taking orders over the phone? Are your traders used to adjusting your client's orders, moving stops, canceling orders, etc? Is it ok for a trader to call in as much as is needed?

I am not a very active trader but I do like to work my position rather than letting the market work on my position.
I am more of a position trader than a daytrader.

Another question: Would you consider your short availability to be the same as that of CSFBdirect, since you both clear through Pershing, or is there an advantage with Yamner? I have an acct with CSFBdirct. I do know that CSFBdirect has been bought out, but I don't know if this will affect anything.

Thanks!

TTW
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