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Hi Attilla,
E-Trade is rapidly becoming the AOL of the investment world.
I have been trading stocks and options with Dreyfus for about a year
now at http://www.edreyfus.com/ In that time they have been down once for
half an hour. I called and immediately connected with a live broker. HE
offered to make any trades at the lower Internet rate until the system came
back (I now have his name and extension number taped to me computer). Their
service has been excellent and the commissions are very low. One drawback
is they provide almost no information on their web site as does E-trade, not
even real time quotes. They do give 15 min. delayed and end of day for
position traders.
Anyone trading on line should have a back-up plan in place. Try to
get to know one or two brokers at the trading desk by name and extension
number. Call and ask to speak to a broker, ask them some general questions
about trading or investing to get to know them. Ask what the procedure for
FAXING trades to them is. Make up a fax sheet with the necessary headings
and the words "URGENT, TIME SENSITIVE MATERIAL - DELIVER TO TRADING DESK
IMMEDIATELY" in large bold letters at the top. Include account information
and add instructions to phone you back as soon as the order is placed. Have
a dozen or so available. If you can, put their phone number on the fax's
speed dial. I used this method during the Crash of '87 to place buy orders.
Anybody else have any "emergency" tips?
Good luck and good trading,
Ray Raffurty
-----Original Message-----
From: Attila Antal <attila_antal@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, February 04, 1999 11:19 AM
Subject: alternates to Etrade
>Good morning group, Etrade is down again and I think I had it. Like to know
>some alternates.
>
>Thanks
>
>
>
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