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Amen!
I've never joined this discussion because I'm a broker. But with 31 years
experience I know that a qualified broker will save you more than the few dollars
you save with cut rate operations. If there is an order problem for one of my
clients, I fight for him. Through techniques learned over the years, I may be
able to get better fills than the average tourist (I mean trader).
I'm not soliciting business in this forum but agree with Jerry, "Don't be penny
wise and pound foolish."
Jdonato98@xxxxxxx wrote:
> It never ceases to amaze me, we as traders, especially Future and options,
> that we spend thousands of dollars on books, magazines, day-trading
> subscriptions, trading systems, software, real time and delayed quotes, and a
> host of other services to help us find the "Magic Trade", but we won't spend
> $20 to $30 to place a trade directly with a broker.
> Everyone is trying to get into the market for $5 to $10 and then complain
> about bad fills, delays in execution, and a loss of money because of it.
> Do you realize we are talking about less than 1 tick on the bonds or crude
> oil or any of the other commodities?
> A good broker with a reputable firm will save you more than that and give you
> your fill while you are on the phone and watch your trades and stops. Plus he
> will normally assist you with his own view of the markets.
>
> All the Best,
> Jerry Donato
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