|
PureBytes Links
Trading Reference Links
|
First let me apologize for the cross posting I know it is bad manners as many
of us are on all the lists but i felt it was important to get this message
out to as broad a population of potential PMBe customers as possible . I have
been a PMBe customer for about 4 or 5 weeks and twice have been faced with
heart failure due to electronic trading problems and a lack of reliable back
up systems between PMBe and timberhill ... On both occasions I was in the
market ( i day trade the spoos ) with both a protectictive stop and a resting
profit target limit order when i decided to exit the trade at the market and
cancel the limit and the stop on or about the time the sytem went down . This
resulted in my having no idea whatsoever of my postion in the market and
having no way whatsoever to place offsetting orders through other channels to
control my exposure. The periods of total uncertainty were about a half hour
the first time and 40 minutes today . neither occasion actually cost me money
fortunately but as i have personally lost over 10,000 dollars on a one lot in
about 3 minutes ( last october when i shorted 30 seconds before the suprise
rate cut) i can tell you that in a half an hour with no idea of your postion
and no way to get out and no way to put on a spread in another account that
electronic trading thru PMBe is a disaster waiting to happen and "murphy"
will make sure it happens to you ....
nuff said
Dale
|