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To: TCGNJ who wrote (2609)9/23/1998 12:25:00 PM
From: Sonny McWilliams  Respond to of 3424
 
TCG. Re: Comments on ML warning about online trading.

The fact that they are offering online trading should tell it all. Really makes sense to trade online at full commissions. I wonder if that makes it safer. gg.

SAP is on a roll again.

Sonny



To: TCGNJ who wrote (2609)9/23/1998 12:40:00 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 3424
 
Although I find their move to set up an online service hypocritical, their view on internet trading is 100% correct. Few people are qualified to make such transactions on their own. But most online investors have all the answers and know it all, just ask them. The bottom line is this: If paying 14.95 or 125.00 in commission makes the difference in a profitable trade or one that is not 1 of 3 things is a fact IMHO:

1) You don't have enough money to be a trader
2) You have purchased the wrong stock
3) You did not hold it long enough

1 and 3 are the most common mistakes made by online investors