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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Gary E who wrote (27215)	7/9/1999 11:02:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

From the Omega List: First let me apologize for the cross posting I know it is bad manners as many of us are on all the lists but i felt it was important to get this message out to as broad a population of potential PMBe customers as possible . I have been a PMBe customer for about 4 or 5 weeks and twice have been faced with heart failure due to electronic trading problems and a lack of reliable back up systems between PMBe and timberhill ... On both occasions I was in the market ( i day trade the spoos ) with both a protectictive stop and a resting profit target limit order when i decided to exit the trade at the market and cancel the limit and the stop on or about the time the sytem went down . This resulted in my having no idea whatsoever of my postion in the market and having no way whatsoever to place offsetting orders through other channels to control my exposure. The periods of total uncertainty were about a half hour the first time and 40 minutes today . neither occasion actually cost me money fortunately but as i have personally lost over 10,000 dollars on a one lot in about 3 minutes ( last october when i shorted 30 seconds before the suprise rate cut) i can tell you that in a half an hour with no idea of your postion and no way to get out and no way to put on a spread in another account that electronic trading thru PMBe is a disaster waiting to happen and "murphy" will make sure it happens to you .... nuff said