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Non-Tech : CYBERTRADER

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To: William Ford who wrote (2093)3/21/1999 1:03:00 PM
From: Gary Wisdom  Read Replies (1) of 3216
 
Bill, re: your question on how do I run both systems.

I had both on one computer with 2 monitors for a while. Then my system crashed and couldn't get the system back up. So, I use two computers with two different ISPs (one is a cable modem).

Cybertrader has a non-internet alternative that costs you $2/hour. I think MBT has one too. It's nice to know that you can get through even if the internet gets bogged down with Schwab traders. <ggg>

Having both MBT and Cyber is great too for one other reason. Due to the margin requirements for daytraders, if you don't know, if you buy Stock A on Monday and hold it overnight and then sell it on Tuesday, you might very well get a margin call. However, if you have two brokers, you can buy it back in the other account with no problem. Trust me, this is a very big benefit of diversification.

Good luck.
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