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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: star56 who wrote (3741)	2/6/1999 10:53:00 PM
From: Wayners	Read Replies (1) \| Respond to of 7382

If ETrade is or was anything like Ameritrade (who I used to have) you will not regret going to a RealTick Broker as far as speed and reliability go. While I don't use MBT I use JPR another Real Tick broker. You know the stress of entering an order and then wanting to take profits but you can't because you still don't have confirmation. Or how about this: you place a trade at 3:00 you think its filled and no confirmation. At 3:15 the system goes down for the rest of the day so you are forced to take an overnite hold. You had a profit at 3:15 and wanted to sell but couldn't. Next day the thing gaps down 10%. This is trading with ETrade or Ameritrade. With a real tick broker you place the order at 3:00:00 and you have confirmation of the fill at 3:00:01 and I'm not kidding. Outages in the system last a few minutes like 3 to 5 minutes not the several hours stuff you deal with almost daily with E*Trade and Ameritrade. At JPR trades are $10 apiece up to 2,000 shares. The trading software with Nasdaq Level II is about $260 a month. Just avoiding that one example I gave above is enought to more than pay for the software and Nasdaq Level II. With Level II you can see bid and asks pile up at particular prices so you can gauge supply and demand better. You can trade both listed (NYSE/AMEX) and OTC stocks. Hope this helps you decide.