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

To: JDTrader who wrote (2240)	3/30/1999 9:16:00 AM
From: William W. Dwyer, Jr.	Respond to of 3216

"While the paid mob continues to re-live the memories of the glory that never existed, marching around and claiming victory for conquering imaginary battle grounds at the expense of denying the truth as well as their own financial loss" JD, don't you have anything better to do at 4:08 in the morning except bash CyBerTrader? Amazing!!! Your display of arrogance and ignorance continues to amuse us. Isn't it funny how you never seem to respond to anyone (especially me) and even try to have comments that you don't like removed from view? Your rude and confrontational remarks show your lack of class. You could be a bit more gracious. When will you ever get a life of your own? You obviously are not a CyBerTrader user, so your relentless pursuit of "your" version of the truth appears to all as more of a personal vendetta. You look juvenile, stubborn, closed minded. While others work to increase their understanding of trading, investing, and all that goes with it, you, on the other hand, seem intent on trying to do battle with a company for which you obviously have ill feelings. You can see that no one cares for your agenda or your attitude. You could spend your time more productively, I'm sure. When will you ever learn? How many "personalized" threads do you need on S.I. before you satisfy your need to destroy what others create and work for? You are truly a unique (and pathetic) individual. But, while the market surges forward and we all make money, you are kind enough to offer us a small bit of humor, putting a smile on our faces as we go to the bank. Thank you, JD. I look forward to continuing our discourse on the "other" thread. :-} Bill

To: JDTrader who wrote (2240)	3/30/1999 11:27:00 AM
From: Stryker	Read Replies (2) \| Respond to of 3216

Hello JD, This example seems nearly identical to the previous one. Your example: "You are trying to sell 1000 shares of Amazon and THE LEVEL II WINDOW SHOWS: 125 BID BY 125 1/8 ASK The Island book look like this Bid ** Ask $120 300 $122 600 $118 500 $123 1000 $117 1/4 600 ** $124 5000 This is what all programs allow you to do. You enter an Island order to sell 1000 shares at 117 for example. The Island book will start at the top of the book and fill you as following: 300 at 120, 500 at 118 and 200 at 117 1/4. You are OUT of your position. Cybertrader, however, will reject your order and says that you were locking the island book because your selling price is lower than the inside bid." The important aspect to remember is that Island is an order matching system. When an order is submitted Island looks to match the order with those existing on the book. If a match is found, the order, or a portion thereof, will execute. If no match is found, and the order is a Display order, AND would cross or lock the inside Level II quote the order would then be rejected. So currently, if you were trying to execute against the Island book at levels that would cross or lock the inside Level II market there MUST be size (orders) existing on the Island book at or above your limit order price, if you are offering, or at or below your limit order price if you are bidding the stock. CyBerBroker would attempt to get the execution for you exactly as you have described in this example. Again, the execution would take place only in the event that the shares were actually available at the time the order hits the book (this is very important in high volatility issues). On another topic, the Top 10 and New Highs and Lows DO NOT, under normal conditions and with normal customer connection quality, lag behind "4 to 5 minutes", as you have asserted. Both of these modules are calculated directly from the Level II feed and the calculations are performed as fast as the feed is received from the quote provider and/or the markets themselves. Updates for new highs and lows (http://www.cyber-corp.com/demo_hilo.html) occur in real-time as received from the feed. Updates to the Top Tens are staggered to update on six-second cycles. This is done in order to minimize the bandwidth (these use a VERY large amount) for the more mission critical modules. The exception to this is when a new stock makes its way into any of the lists (Top Ten Gainers, Top Ten Volume, or Top Ten Decliners). These updates are sent as they occur. I hope I have been able to provide some clarity on these issues. I appreciate the opportunity to post. Sincerely, Mark K. Stryker CEO CyBerBroker, Inc. cybercorp.com

To: JDTrader who wrote (2240)	3/30/1999 2:33:00 PM
From: kaz	Read Replies (1) \| Respond to of 3216

James, James, James, "While the paid mob continues to re-live the memories of the glory that never existed, marching around and claiming victory for conquering imaginary battle grounds at the expense of denying the truth as well as their own financial loss..." Paid mob? Glory days? Having a hard time honoring your pledge to stick to the issues, I see. Well, if it's not perfectly obvious to absolutely everyone, the only person in this thread who has responded to you and who is paid by CyberTrader is Stryker. Just by reading through this thread even you would see that serious, critical issues have been raised by those who have and continue to use CyberTrader (and as I've made perfectly clear, they are not my broker). So what interest could anyone on this thread have for responding to your error-laden attacks? Just a basic need for balanced opinions to be heard. Attacks on any broker are fine if they're accurate. You have continued to spread misinformation in a particularly offensive manner (and, you'll notice, no one has tried to have you silenced). I'm sure CyberTrader welcomes the opportunity to answer your accusations since, so far, you've only shown your own ignorance and lack of ability. We are all capable of losing. In fact, I don't find any particular shame in doing poorly in the market even if the 97% failure rate isn't true. No one here has ever asserted that using CyberTrader will automatically lead to profitable trading (though you seem to be assuming that since you lost money and have threatened law suits against the broker). The real traders on this thread know what they're up against when they put their money at risk, and would, therefore, never put somebody down for not doing well. Trading is difficult, at best. You don't seem to know this. If you don't know that, you have no business blaming anyone or anything except yourself for your losses. And any winnings you snag will be due solely to luck which is, I'm sure you also haven't learned, most tenuous. It is clear to me that any knowledge anyone on this thread has gained through experience is wasted on you, so I'm posting this with the hope that someone else may benefit now or in the future. If you do happen to have problems in the future, I think you'll find most people here still willing to help. Paul Kaz

To: JDTrader who wrote (2240)	3/30/1999 7:28:00 PM
From: Louis Riley	Respond to of 3216

Ummm, it's been a long day, so maybe I am just too fried to think this through, but isn't your example unrealistic? How could the ISLD book have an offer 3 points below the best L2 bid? That would be arbed and picked off in a nanosecond. As for not being able to trade sloppy and whack bids below the best - is there really ever that much size to hit on ISLD anyway? Why not just do what I do when panicked? Whack an MM down a level or two on Selectnet? I have never been declined when I preferenced down a 1/4. << I have to say that you have left out a very important part of my example. My example also provided for the following fact: You are trying to sell 1000 shares of Amazon and THE LEVEL II WINDOW SHOWS: 125 BID BY 125 1/8 ASK The Island book look like this Bid ** Ask $120 300 $122 600 $118 500 $123 1000 117 1/4 600 ** $124 5000 >>