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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading:
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To: Arthur Tang who wrote (599)4/23/1998 6:04:00 AM
From: Arthur Tang  Read Replies (1) of 769
 
How to trade when internet brokerages bogged down due to transmission capacity or their clearing house could not buy or sell to another market maker quickly. You have to find a brokerage that has the stock you want to buy, with certificates already in street name. Sometimes only the largest brokerages can handle the volume without going out. Small stocks without future, even the big brokerages would not like to have them in street names. Then you have to be dealing with the small underwriter. If all the internet brokerages call the small underwriter; the price will really shoot up (blowout). On a first come first serve basis, your daytrading will be very risky indeed. Unless you are the one that pick the stock and bought in. You also have to be at the gate to get out during the blowout.

If you are a beginner daytrader, you will be paying tuition. Hopefully, you still have some money left to explore the big brokerages and find the broker who can handle your business.
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