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Non-Tech : Datek Brokerage $9.95 a trade

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To: Keith Lenart who wrote (11618)4/13/1999 6:37:00 PM
From: Sir Francis Drake  Read Replies (1) of 16892
 
Keith, I sympathize totally - I know this scenario so, so, so well. I've experienced stuff like this many times. It really makes you feel like sh*t - when your "winning" trades turn to lossess of thousands of $, not because the issue is "volatile" (this is an additional risk), but simply because of problems at your broker (the very same "volatile" stocks had no problem executing at TradeStar today). The fact is, that you are taking your (financial) life into your hands when you trade with Datek.

As to closing your account... well, today people had problems at Etrade, Schwab, and other brokers. I'm not saying "don't close" your Datek account. Just, you may have to adjust your trading to Datek's weakness - which is tragic, knowing how good Datek CAN be. The solution, in my view, is to have at least 3-4 brokers.
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