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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: LzzrdKing who wrote (4003)5/6/1998 1:00:00 PM
From: Robert Graham  Read Replies (2) of 12617
 
There is a term that is used for an order that is placed with a broker that allows for some discretion on the brokers part. I do not remember this term off-hand, but I have come across it multiple times before. From what I can see, this is a SEC "legal" type of customer order which has its place. I am surprised you have not come across it before. Do not forget the arrangement some brokers have with their clients where they are given full discretion by the customer in their managing of the customer's money with respect to making the entire buy and sell decisions on the stock that is traded with the client's money.

Is this an issue driven post of yours, or are you attempting to make a contribution by being informative? Hmm...aren't you the one who on his thread challenged Jeff Cooper to a duel in trading? I think I am starting to see a pattern here. I do not think your post to Steve really had anything to do with him "mishandling" the customer's order in an unprofessional and even illegal way, an act on his part that needs to be turned in to the SEC, which is what you implied in your previous post.

Sincerely, your posts are starting to come across rather obtuse, Lizzard. This does not represent you well. Why not take your individual success at trading as evidence enough of your trading prowess and leave it at that. Why do others need to be challenged and invalidated in the process?

Bob Graham

PS: I know this is going to get me some flack...oh well! I juts cannot see a person like this invalidating others like Steve who are very knowledgeable and have contributed allot to others here at Silicon Investor.
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