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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (4529)	10/1/1999 11:16:00 AM
From: Dan Clark	Read Replies (1) \| Respond to of 18137

2MAR$, The problems that you've noticed are pretty well known. That's why active traders hammer on the on-line brokers. I left Fidelity for Datek. Then left Datek for CyberCorp. All for these reasons!!! Yes, I like CyberCorp a lot. I have little good to say about the other two. Fidelity's fees are higher than CyberX (last time I looked). Datek's fees are lower, but I had so many problems especially with cancellations. One time, I lost $300 on one trade because of rotten cancellations. Bought EGGS at $20 and it dropped like a rock. I missed the bid twice while trying to sell and each cancellation took 2-3 minutes. By the time I got out, I was hammered! CyberX's cancellations take 1-5 seconds (except for SNet, which is 10 seconds). I like to slam on-line brokers every chance I get. They cost me mucho bucks. Regards and good trading, Dan.