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Not to disagree but finding a good broker can be as easy as finding a good
gold mine. More money doesn't always get you a good broker either. Having
only one person handle all of your trades is not so good when he is sick or
in dispose. Also if your broker gets mad at you for any reason my suggestion
is to withdraw your money pronto.
Brent
-----Original Message-----
From: Steve McGuire <netvest@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, May 27, 1999 10:59 AM
Subject: Re: On-Line Trading & Commissions
>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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