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<DIV><FONT color=#000000 size=2>RT's,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I've never delt with an internet broker before
and have reservations about potential downtime. </FONT><FONT color=#000000
size=2>I'm considering opening a separate trading account with Xpresstrade to
take advantage of their onscreen live charts but have reservations about
potential downtime.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Have those of you with accounts at Xpresstrade
experienced any downtime problems? Thanks for your input.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Pete Hallock</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Nov 13 07:19:58 1998
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Date: Fri, 13 Nov 1998 07:37:24 -0700
Reply-To: tesla@xxxxxxx
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From: "Terry S. Smith" <tesla@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Interesting story
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Do not be concerned with First American I traded with them for about a year
and had no problems. How about this for scare tactics from brokers, when I
moved my account from ZAP futures to PMB my broker got very belligerent and
told me that when ZAP goes down PMB will be down and there will be no one to
call to get out. He also said as a common courtesy he would leave the
account effectively open so when I came back it would just be a matter of
wiring the money back into my account.
-----Original Message-----
From: Gary Kramer <gmkramer@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, November 13, 1998 6:08 AM
Subject: Interesting story
>Thought I would pass this along. My friend, Craig, is just getting started
>in trading and was using the brokerage firm affiliated with the "guy in the
>cowboy hat." He was paying $100 RT and getting nothing for it. I
suggested
>that he switch firms to a lower cost place if he was not getting the
service
>that supported the high priced commissions. The story below follows:
>-----Original Message-----
>From: Craig Noble <CraigNob@xxxxxxxxxx>
>To: 'Gary Kramer' <gmkramer@xxxxxxxxxxxx>
>Date: Thursday, November 12, 1998 12:52 PM
>Subject: RE:
>
>
>>I didn't ask him to match or lower commissions because he had already gone
>>into his 'canned' response to customers calling to close their account.
He
>>said the commissions at Main Street are higher because 1)he and his fellow
>>brokers work 14hr days 2) if he executed a trade incorrectly, it would
come
>>out of his/Main Street's pocket 3) he watches my back and lets me know
when
>>a trade is not a good idea, and/or calls to tell me the market is moving
>>against me and to get out immediately 4) he is always available to talk to
>>me about trading. I didn't think it worth it to object to any of his
>lines,
>>because I didn't want to categorically explain why his reasons were not
>>important to me, except...
>>
>>Although I understood that he needed to say these things, and I was going
>to
>>close the account anyway, I still went ahead and told him that he was
>>contradicting himself by mentioning #3. According to him, the basis for
me
>>to continue trading was that the most important thing to remember is the
>>risk to reward ratio, and the Corn trade that I executed was not a good
one
>>to get into. So, after hearing this 3 times, I asked why he didn't "watch
>>my back" and recommend that I not trade that formation. I think he then
>>understood that with that kind of service he wasn't worth his expensive
>>commissions.
>>
>>How about that for a story?
>>
>>> -----Original Message-----
>>> From: Gary Kramer [SMTP:gmkramer@xxxxxxxxxxxx]
>>> Sent: Thursday, November 12, 1998 11:21 AM
>>> To: Craig Noble
>>> Subject: Re:
>>>
>>> Definately not! have you ever broken up with a woman and had her try
to
>>> convince you that there is no one out there like her??
>>>
>>> For position trading, First American should be fine, I think. If you
>>> havent
>>> done so, you also may want to call jack Carl futures. They have a
policy
>>> that if you are not happy during the first 30 days, they will return any
>>> commission charges which are discounted to begin. forget about your old
>>> broker. he is just trying to scare you. did u ask himn if he could
>match
>>> the rates and if not, what were you paying such a huge premium for??
>>>
>>> Good luck
>>> -----Original Message-----
>>> From: Craig Noble <CraigNob@xxxxxxxxxx>
>>> To: 'Gary Kramer' <gmkramer@xxxxxxxxxxxx>
>>> Date: Thursday, November 12, 1998 10:00 AM
>>> Subject: RE:
>>>
>>>
>>> >Last night I spoke to my broker about closing my account. He got
>>> emotional
>>> >about it during the 10 minute conversation - I, of course, remained
calm
>>> and
>>> >rational. I felt like I was firing someone, because took it personally
>>> and
>>> >acted rejected. He also told me to beware of discount brokers. Should
>I
>>> be
>>> >concerned about First American?
>>> >
>>> >
>>
>
>
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