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To: Chris who wrote (27958)8/18/2000 10:57:47 PM
From: sam_o  Read Replies (3) | Respond to of 42787
 
CHRIS

(i think this thread is ideal for everyone because we need to look at the markets regardless if one trades stocks.)

QUESTION:
I need help locating a trading account where you have direct access to the traders...
Is there one around???

I've tried a big brokers approach.... to my financial dismay.
Where or where does one go for respectable high service when you want ot trade ten trades a DAY????, reasonably of course AND Not the twenty nine I've paid.

<<<How do you get them to take responsibility for timely orders/trades???>>>

Is there another brokerage account, (with software), designed to where you can 'connect' by hitting 'send' when you're ready with the order/position you want and have it go directly to the floor trader?? 'Not hung up trying to connect input data on their page which may or may not accept it?? esp. WHEN YOU NEED IMMEDIATE ACTION??
I've been having 'all kinds' of problems, AND then when I complain, they deny their receipt. Well, I manually record each and every # order time, etc.
Well "they say their software "isn't" recording my request, or it "wasn't" showing such a request, and then they offer to do it manually.... chit? By then my turning point is lost, and in a few cases big dollar losses. This has happened on three seperate occasions, today being the last. How can I retreive a copy of my 'actual' from their site {which should be in my history right?}
in order to <prove> my point to overcome their denials on everything.
Hell, that's all I'm going to take..
This Website just is not reliable, and sure isn't set up for daytrading, and then to twist the knife, the site keeps dropping the connection from trade to trade, without recording each transaction request consistantly.

SO I will be changing brokers >>>> Obviously, and I need suggestions from all of you, who have been there done that!

Maybe it's <<MY>> 500MHZ PC, with nineteen inch screen and 16meg video that isn't working fast enough?

?/@#%&^ is nice compared to what I really said to them!
Post Me PM if you like.

Thanks
Sam
HELP

Sam O



To: Chris who wrote (27958)8/19/2000 3:22:31 PM
From: adcpres  Respond to of 42787
 
Thanks Chris for your input. Visitors to this site undoubtedly will find some information they can use to augment his or her knowledge or use as a tool. However, I am definitely not a day trader and also I am not a position trader -- maybe some day but not yet. I am in and out for the short haul and do not get married to any particular security. TA may help one spot oversold or overbought positions. However, I tend to be more concerned with the surprises the market faces from day-to-day news events, announcements, etc. and the movements these can cause in the positions I am trading at the time. TA for example can't help you when AGILENT(A) closes at around 73 and an earnings warning is issued by the company and it opens 25 points lower the next day (see July 21-22). If you had a long position, your toast and no TA could have predicted this wonderful shorting opportunity. So TA is just another "tool" to hopefully help us poor outsiders have a chance at the brass ring. Thanks again Chris

PS As for one-line trading, I use DREYFUS (edreyfus.com). These people are very professional and generally get me 1/4-1/2 point better than my limit but this could be due to the volatile nature of the stocks I trade. Still, they seem to fight to get me the best price they can. Only once out of possibly 200 trades can I say that an order was not completely filled. But if you are a day trader, you may want to go with the lowest commissions you can find so the overhead doesn't eat up your profits. DREYFUS charges $15 per trade regardless of size which for me is very cheap as I tend to trade blocks.