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


To: Green Receipt who wrote (5089)2/10/1999 11:22:00 AM
From: redbird  Read Replies (1) | Respond to of 13953
 
Normally you would could phone for the conformation, but after the Etrade system went down, the phones were packed. Nothing but busy signals. I explained this to etrade, but they insisted that they have no proof their phone lines were busy after the system went down. What a crock.

Redbird.



To: Green Receipt who wrote (5089)2/10/1999 4:31:00 PM
From: j_b  Respond to of 13953
 
<<if you are trading in a fast market, its usually quite difficult to confirm a order under those circumstances.>>

My most recent statement from Waterhouse included a detailed caveat, warning people that a volatile market can result in errors on quotes, delays in getting confirmations, and delays in getting orders filled, even market orders.

It's not just E*Trade.

Of course, the problems that daytraders have are directly related to the type of trading they do. If they would only buy and hold, the timing wouldn't make as much of a difference <g>. If the accuracy and timing are THAT important, they should use a regular broker. You get what you pay for.