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To: Jeffrey L. Henken who wrote (12861)6/27/1999 10:40:00 PM
From: Daniel Miller  Read Replies (1) | Respond to of 13776
 
Nope. I'm using ABWatley... People seem happy with Mytrack though. Watley has been working fine for me. I like the hot keys feature...



To: Jeffrey L. Henken who wrote (12861)6/27/1999 11:16:00 PM
From: SgtPepper  Read Replies (2) | Respond to of 13776
 
Regarding Mytrack, I will repost my message about ongoing problems from a few weeks ago. I hope others have had better luck.
________
That was my comment about myTrade a few weeks ago Wayne. Now things have gone from bad to
worse. I now cannot trade any stock electronically, and myTrade has not been able to figure out the
problem. At first, my "broker" said it was because I was trying to buy/sell OTC-BB stocks that
HRZG did not handle. Now I find that explanation was bull, and the account was not set up
correctly from the go. Since Wednesday, when this was discovered, no progress has been made.
And it's almost impossible to get thru on the phones to trade or check on the problem, as they now
have more customers than ever.

At this point I'm ready to forget the whole thing and transfer the account to NDB. Luckily it was
only a small account, with buy and hold stocks. I would be interested to hear other's experiences
with myTrade.

_____

Sad to say, nothing has changed in the past two weeks! They say they have figured out the problem but I still can't trade BB stocks electronically.

Since then, myTrade been approved for trading in California, and I hear they are now activating new trading accounts again. So phones got slower.

I have had some good fills when I submit a BB order over the phone, but only IF I can get thru to Scott Chevalier, who seem to be their ONLY telephone broker.

I like the myTrack data feed a lot, but I can only say I wish I had never tried the brokerage account. They're new at it, and having big problems as far as I can see.

Other little annoying things:

Telephone system I rely on was swamped for days by response to some stupid ad/offer they ran in a newspaper somewhere. Seems to me they should have run a different 800 number in the give-away ad. Another example of PPP (xxx poor planning).

I get two emails for each trade: one showing advertised commission rate, the other follows a short time later, sometimes with a several hundred dollar commission. I've been told to ignore the higher one, but seems weird they are still doing it. They don't seem to be able to fix anything.

A few weeks ago I missed selling MAMH and ARET at their peaks because I could not get thru on phones, which accounts for my venting that I reposted above.

I coukld go on and on, but won't bore you.

Lately I only use myTrade for trading regular NASDAQ stocks that have the dynamic realtime level 2 display, and it works fine.

I only transferred a small IRA account from Waterhouse to try someone else. Lately, I'm trading BB's only in my other Waterhouse account, which has improved a lot since earlier this year. Quick, cheap, honest, and of late, even quite dependable. IMO, Waterhouse is a much better choice than myTrade, but you need separate data feed because Waterhouse quote system still doesn't give realtime quotes on OTC-BB stocks. But they're great at trading them.

If you want to daytrade OTC-BBs - BEWARE of myTrade. I recommend waiting until it's clear they're ready to get out of their diapers, or their mess may become your unwanted problem, like in my case.