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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (4993)	2/6/1999 3:38:00 PM
From: sandman	Respond to of 13953

No problems here with E*Trade after reading Bob Duncan's account of his trading practices, I can understand how things get so bogged down and get out of control at e-trade. You have to be really naive to believe that your limit price order was executed just because your "real" time quote showed an ask below your limit price. The so called "real" time quotes are not that real especially in a fast furious trading stock like an Internet stock. I never attempt to buy an Internet stock by setting a limit price since, you have no idea on the amount that will be traded at your price. Imagine getting 100 shares of something that you are trying to buy 5000 of, now you are barely trying to beat commissions. Set a market price for a fast furious stock, remember the new adage - buy high and sell higher... With all the limit order and subsequent cancellations and short sell are a result of people getting ahead of the system. Lets not fault the system without taking a look at our own mistakes. I have traded with e-trade for over a year and had no significant problems, before that I was with Waterhouse and pretty much had to set my price the night before as I could never be able to get in during peak trading hours.