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I've used internet exclusively for 3+ years with futures and longer with
stocks. Bottom line is pay for a broker with strong phone support!!! I have
used LFG (futures) for years and I could cut my commissions by 2/3 switching
to cheapest broker but LFG always picks up the phone when my internet
connection or software breaks and I can always get my order taken care off
.. WELL WORTH THE FEW DOLLARS EXTRA!! Also, I always have stops in the
market when I have a position (never know when the connection might break)
and I also have exit orders working when appropriate ... in short I assume
that I will lose my ability to trade electronically any time I have a
position working. Thus the importance of knowing I can reach a phone broker
to cancel or cancel/replace my working orders.
Earl
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, August 02, 2001 8:09 AM
Subject: [RT] GEN: NOVICE: INTERNET
> co-Beginner notice:
>
> internet is slow and unreliable for me with broker server going off line.
> one of the little discussed aspects of electronic trading is the risk
> factors associated with internet stuff out of your control. it is healthy
to
> have a way to benchmark your connection at all times, with this variable a
> concious part of your risk management plan. scalping from my location
right
> now would qualify for a segment of Suicide Missions on the History
Channel.
>
> which introduces another questions to beginners: you DO have a second
> account where you can trade if #1 goes down, or hedge acct #1 if you get
> stuck without access, RIGHT?
>
> Obviously this 'helpful hint' is not directed to any of the Real
realtraders
> on the forum.
>
> Michael
>
>
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
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>
>
>
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