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Everyone has a different opinion of brokers as everyone has had different
experiences. In my experience, and I have been on both sides, a broker
is a salesperson and nothing more. Some are more intelligent then
others and some are more savvy then others and some are more honest then
others. There are those that are sarcastic, impertinent, and smart a--.
If possible, I found it better to go directly to the floor with my trades.
I prefer a broker that takes my order, knows what the order means and keeps
his mouth shut. Every time I have listened to a well intentioned
broker with a great research staff, etc., it has cost me money.
<p>If you find a broker and his/her input invaluable to your trading, use
them. You can also blame them when things go wrong, because it has
to be their fault.
<p>Everyone should seek what makes them more profitable, not what someone
else says to do. In trading, and in seeking someone to execute your trades.
Ira
<p>Daniel Bardol wrote:
<br>
<p>Daniel Bardol wrote:
<blockquote TYPE=CITE> <b><i><font face="System"><font color="#000080"><font size=+1>
Bravo Jerry! I think it's a case of Forest for
the Trees syndrome. Also in America we are always looking for a bargain.
Cheaper is better. Well, cheaper is not always better.</font></font></font></i></b><b><i><font face="System"><font color="#000080"><font size=+1>The
best firms are in the business of providing the best service. But it is
a business, and the best sometimes costs a little more. You wouldn't
walk into a Jaguar dealer expecting them to supply you with their car at
Hyundai prices and then storm off indignantly when they</font></font></font></i></b><b><i><font face="System"><font color="#000080"><font size=+1>could
not. Or 'cleverly' proclaim that they were trying to cheat you and
that you know better.</font></font></font></i></b><b><i><font face="System"><font color="#000080"><font size=+1>Yes
it amazes me that some traders do not value it as an intrinsic part of
their basic cost</font></font></font></i></b><b><i><font face="System"><font color="#000080"><font size=+1>of
doing business, and that it is money well-spent.</font></font></font></i></b><b><i><font face="System"><font size=+1><font color="#000080"> As
George Sorros once said," Pay peanuts...Expect Monkeys. - D.B</font>.</font></font></i></b> <font face="Arial"><font size=-1>-----Original
Message-----</font></font>
<br><font face="Arial"><font size=-1>From: Jdonato98@xxxxxxx
<Jdonato98@xxxxxxx></font></font>
<br><font face="Arial"><font size=-1>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx></font></font>
<br><font face="Arial"><font size=-1>Date: Thursday, May 27, 1999 9:40
AM</font></font>
<br><font face="Arial"><font size=-1>Subject: On-Line Trading & Commissions</font></font>
<br> >It never ceases to amaze me, we as traders, especially Future
and options,
<br>>that we spend thousands of dollars on books, magazines, day-trading
<br>>subscriptions, trading systems, software, real time and delayed quotes,
and a
<br>>host of other services to help us find the "Magic Trade", but we won't
spend
<br>>$20 to $30 to place a trade directly with a broker.
<br>>Everyone is trying to get into the market for $5 to $10 and then complain
<br>>about bad fills, delays in execution, and a loss of money because
of it.
<br>>Do you realize we are talking about less than 1 tick on the bonds
or crude
<br>>oil or any of the other commodities?
<br>>A good broker with a reputable firm will save you more than that and
give you
<br>>your fill while you are on the phone and watch your trades and stops.
Plus he
<br>>will normally assist you with his own view of the markets.
<br>>
<br>>All the Best,
<br>>Jerry Donato
<br>></blockquote>
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</x-html>From ???@??? Thu May 27 15:32:25 1999
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Date: Thu, 27 May 1999 16:35:50 -0400
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From: "G.John Boggio" <boggio@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: MKT S&P CASH 5/27/99
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Realtraders,
Just to give you a short take on my analysis: 60 minute charts are now
over extended. Oscillator and indicators are beginning to give divergent
buy signals and price action seems to have found support at the 62% Fib
level of the March 3rd low. As well as the 38% Fib level from the December
14th low. Therefore, I am looking for a rally to develop soon. Based on
the fact that we appear to be closing near the lows of the day (3:30pm as I
write this), I would look for a capitulating selloff to occur on the open
tomorrow followed by the rally. If we should happen to rally before the
close, then the selloff on the open will probably not occur.
Finally, this ensuing rally very well could be a dead cat bounce and
opportunities to reenter short at higher levels appear extremely
reasonable. Right now, I am anticipating a bounce back to the 1320-1340 on
the S&P CASH.
Just some thoughts,
John
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