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Don't know what Broker you're using, but you might try Datek or Dreyfus. I
run 4 monitors and always keep an active order-form window for closing each
position that I'm currently in. I generally have the exit form set for a
Market Order, but can change to a Limit Order in about 5 to 10 seconds, then
hit the "Submit" button. Execution on a Market Order is generally no more
than a couple of seconds on Dreyfus.
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At 09:24 AM 11/15/98 -0800, you wrote:
>
>Let me give you an example of what I mean by unacceptable execution. On
>Fri., Nov. 13, I was long INTC and MSFT and was nicely up in both trades
>when I decided to exit at 11:30. First I needed to move to the order entry
>page and that took several seconds as the server response was sluggish. I
>entered the INTC sell order, hit the send button and got the message "server
>unavailable", try another. That required another login and a re-entry of
>the sell order. In short, it took 3 1/2 minutes to get out of that trade
>and then I had to repeat the process for MSFT. It took about the same amount
>of time and combined, these delays cost me over 1/2 point and compared with
>previous similar occurrences, that's not bad. The previous week, I lost 7/8
>of a point on INTC alone in the same fashion. It is happening to me at
>least once a week.
>
>Correcting this problem alone will pay the difference between $10 and $20 in
>base commissions, but what about the fees?
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