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Non-Tech : CYBERTRADER

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To: William W. Dwyer, Jr. who wrote (625)5/18/1998 12:05:00 AM
From: Darren  Read Replies (1) of 3216
 
When I started, they had a nice training room and a nice trading room. Now, they have neither. What does that tell you? Where are our priorities?

Well, let's be honest. As far as their priorities, I would suspect they are in business like every other business -- to make money for their shareholders.

I am surprised that the trading room no longer exists. What happened there?

Sure, people can learn software on their own. We have all done that. But it's one thing to slowly plow your way through a well-written word processor manual, and an entirely different thing to "play" the stock market, learning features from an inadequate and poorly written manual, from an internet chatroom, and learning from phone calls, all the while one's capital is at risk.

I don't know the answer to your problems, Bill, and in a certain sense I understand your complaints. But, I maintain that it is easy to get upset if everything in the world isn't perfect, but I have yet to see you put forth the effort to show them how it could be done better.

You can't really sell me on that "capital at risk" stuff. I get into a car and I am taking a bigger risk with my wallet than if I buy 100 shares of stock. And as far as the market and your role in it as a trader, I must ask. If you go open a Schwab account today, are they going to teach you how to invest? Are they going to do something special to show you how to use their web site, other than give you a phone number and a manual? If you want to learn about a specific type of investment, like say for example IRA's, are you going to rely on Schwab for the details, or are you going to go to an accountant?

I really don't want to get in the middle of this argument, but I probably already am. What I do know is that CyberCorp is experiencing some growing pains, like any growing company and they are trying to fix things as they come up...you for one could always go back to Block. Block training consisted of sitting me down in front of a trader who had traded three weeks and was losing his ass...I was supposed to watch him and learn something. And I had to beg for a copy of the CT manual...frankly, I don't think there is a good way to train traders en masse. I think if you want to become a good trader, you learn what works for you. And you don't instantly become an expert, you learn through persistence...

Isn't it a pity, though, that some people are risking their capital without fully understanding the software they use? Yes, it certainly is.

Whose fault is that? CyberCorp? I don't think so. If a trader is not comfortable with the software they are using to trade with, then they shouldn't trade. Something about a fool and his money, I believe.

Like I said, I don't want to be insulting. But I would suggest that if something bothers you with CyberCorp, you offer them possible solutions and stick to a constructive method rather than just ranting on SI. I take losses all the time. I am having a very hard time myself right now trading remotely because I was much more successful in a trading office. But I cannot blame the service provider for my errors, if you get my drift. You control your own destiny. Make the best of it and keep working at it...

See ya in Cyberchat...
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