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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (7973)	2/6/1999 8:05:00 AM
From: NewKit	Read Replies (1) \| Respond to of 43080

OT. For you own safety, short term and day traders, NEVER use ETrade. As ETrade can come back 1 or 2 days latter to reinstate orders executed (account transaction and position were updated). Consider someone shorted SIEB@60s and covered @50s, happily think that he made 10+ pts, but towards the end of next trading day, ETrade sent him a message to reinstate the short order. Now he is long SIEB@50s and down 20 pts! It would be worst if someone shorted SIEB@40s and covered @60s. Now he is long SIEB@60s and down 30 pts!!! I think this is something very serious. Please remind your friends if they are using ETrade.