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[realtraders] BEWARE OF ONLINE TRADING! {01}



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In a message dated 11/17/99 4:51:48 PM Eastern Standard Time, 
Jdonato98@xxxxxxx writes:

<< Gary
 My sentiments exactly.
 I have mentioned, more than once on this forum, that the only way to trade 
 futures and index options is through a live, intelligent, responsive broker.
 More often than not, a discount is more expensive than retail.
 If you can't pay to play, you should not play this game.
 If $10 or $15 is going to make or break your trading profit, something is 
 definitely wrong. You are talking less than a tick in most markets.
 Also, R. J. O' Brien is one of the best.
 
 All the Best,
 Jerry Donato
 
 
  >>
hi
i have the same broker at first American for years
trying to save  20-50 a day is  going to cost   20-50K  in the long run
i can not count how many times  my broker saved me of disasters
(forgetting to cancel GTC orders,,)
forgetting to  cancel  stops
getting me better fills
calling me to ask  why  i am still in  Sep contract  and that time to roll 
into Dec etc.
we all do  our homework
but forget that we are playing with fire
making a mistake in futures cost tons of money
this way you have  somebody watching over your shoulder
believe me  it pays to pay more
YOU GET  MORE IN THE LONG RUN
and i am here for the long run
Regards,
Ben