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"I asked and they told me that the only way to exit or enter a position is
when they came back on line. Third time in the past few weeks. That may be
acceptable for a position trader, but not for a day trader."
Not acceptable for any trader. Third time in recent
weeks...one gets the impression that these brokers forget the fact that real
money is at stake. Since it's not theirs, guess no incentive to even care.
It seems to this layman that at least a cursory investigation by either
the CFTC or the NFA is warranted. Placing that kind of money at risk with no
chance to protect one's position smacks of civil, and to some extent,
criminal negligence.
Perhaps this century's version of "churn and burn".
Simply unacceptable. Thanks for the heads up.
Jim
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