Bill,
I haven't traded in the past few days, but I can comment on your question.
Generally, most orders on CyberTrader have been executed for me in seconds, often 1-2 seconds, usually within 10 seconds, if market order or marketable limit order.
However, on a few really fast stocks I traded recently, a couple of weeks ago, I was stuck, found it impossible to get filled with limit orders and finally used SOES market order, but on a few occasions it seemed like 1-2 minutes before I got out. On a fast-moving market, that can cost a lot of money.
I don't think CyberTrader is bad in that respect, certainly better than the experience you mention with Waterhouse. I think the important thing to remember is that it's important to pick stocks with the kind of action your equipment and broker can handle the way you want. Personally, I don't want to trade stocks anymore that are that volatile. The potential rewards are very high, but the accompanying risks are beyond what I personally want to experience.
Bottom line, though, is that you really can't daytrade stocks like that with brokers like Waterhouse. With all due respect, I don't think they are intended for that kind of trade.
Bill
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