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Strategies & Market Trends : Trader J's Inner Circle
NVDA 179.99+1.7%3:59 PM EST
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To: snerd who wrote (11048)3/12/1999 8:51:00 AM
From: wlcnyc  Read Replies (2) of 56535
 
Snerd *OT*

Re your comment about Web St....


"Broker said I confused the computer!"

I have been using Web St for about a year now and they haven't used that one on me....yet! However, I also use DLJ and I DID hear that same statement from a broker there. I received that response under a very different situation, one that I find very frustrating. It happened to me again yesterday. I am only mentioning it because I am curious if it happens with other brokers as well. I had a sell order in for my total of 200 shares. I replaced this with a sell order for 100 shares. Once the 100 shares were sold, I tried to enter a new sell order for the balance of 100 shares and the "computer" would not allow it. I get an error message that I cannot sell more shares than I have in my account. It was in this situation that I got the response about confusing the computer because I had "changed the order too many times." It seems that even though the original 200 share order was confirmed as cancelled, the computer "thinks" I am still trying to sell it plus another 100! Sorry for such a long explanation.....but has anyone ever experienced this problem?

In any event, Web St is far superior to DLJ for trading. At least Web St updates your buying power (and other balances) immediately after a sell (or buy). DLJ doesn't update it until settlement. Which brings me to another question, which is more common...updating immediately or after settlement?

Thanks

Bill
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