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Hi Hans,
I am just about to switch to LEOWEB and still trying to ask around and get as
many people's opinions as I can. I think you said that it is possible to have
a back up with ANOTHER BROKER ??
How would that be possible If lets say I bought 1 contract using my account
with LFG's (LEOWeb) and then say CUBS went down so I would call another broker
(?) to exit the position ?? How would that be possible ( I think I am confused
and didn't understand right ...) Please help me...
Also if You are using the LEO ( most of the time or occasionally ? ) what do
you think in general about it and with all its drawbacks.. Do you recommend
using it as a way to do the business better then calling direct to the floor ?
And just a hint from you. Is it possible and realistic to say that ...
If using LEO and puting an order to BUY AT MARKET , as soon as I got the TOPS
ID # back I would send my Stop -loss and My Limit order right away,
considering that if buying at MARKET, even though there might be some delay in
getting the actual fill report back, by "ANY MEANS" I should be filled
"somewhere around " where the market is trading in 30-40 seconds. (I
understand that it is not very precise way but still trying to find out if
that would work that way? )
If so, then I wouldn't worry very much about the eventual delay with the fill
report since;
1) I bought at MARKET ( supposely very fast filled )
2) My STOP (placed Immediately) is far enough not to be triggered to soon.
3) And my objective LIMIT order is way far away so that I feel somehow safe.
What is your opinion and would the LEO do the Job.
( the above idea come out of mouth of one trader in New York)
I would like to get some feedback from Traders from the list.
Big thanks.
Thomas ,CA
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