|
PureBytes Links
Trading Reference Links
|
I disagree completely!!! People have every right to change their mind at ANY
moment -- at any time. If he wanted to cancel -- he should be able to. Nice
and simple. What other firms have such a rule? None that I know of -- and
for good reason. You say it's good for bandwidth? Well, if the firm is
doing that well, then bandwidth isn't an issue. They should get MORE of it
and MORE servers. And, in fact, bandwidth problems kick up big at and after
the open, not at 9:25am. In fact, this could cause a bandwidth problem in
itself. Anyone who tries to cancel and can't will be pull up every page on
the site they can while waiting on hold on the phone trying to figure out why
they can't cancel or how to get through faster. There is absolutely NO
advantage to this practice except to throw people off guard and take their
market orders off the open. Imagine a Market Maker having a 5 MINUTE WINDOW
to execute the trade! From your response, I can only assume that you've
never changed your mind at the last moment before a purchase because you
thought at the last moment you should either wait for a better price or some
other factor was identified to make you hold back a bit. If you're ever in
such a position, I believe you will quickly change your opinion. As a
trader, it is a necessary requirement for mere survival.
|