No overnight posisitions with Cybertrade Futures

SCH is not going anywhere.
I agree Cyber is about 2 years late on there E mini venture.
For less active swing traders, guys that trade 10-20 X a month they are perfect. Their $249 PRO platform fee is a bit steep.
 
Hee Hee, Even Chuck knows it's time to bail.:D


Related Company News


Charles Schwab Sells 2.6 Million More Company Shares (Correct)
August 5, 2003 17:11 EDT -- Charles Schwab, who resigned three months ago as co-chief executive officer of the discount brokerage he founded, sold 2.6 million shares in the company for $26.2 million in the past week.
 
Quote from ebo:

sch is not going anywhere.
I agree Cyber is about 2 years late on there E mini venture.
For less active swing traders, guys that trade 10-20 X a month they are perfect. Their $249 PRO platform fee is a bit steep.
More...

How do you swing, if they close your "unintentional open positions" at 3:05 PM CST. sch has invented Swung Trading!!! sch is "not going anywhere," is the truth!

Lobster:D
 
Quote from candletrader:

The people at Cybertrader have once again shown what a bunch of unaccomodating jerks they are... Cybertrader was, not too long ago, a market leader in the trading game... but they lost their edge when other brokers started doing per share pricing and Cyber didn't budge from what was, at the time ridiculously high commissions, something like 20 bux each way + fees, as I recall... and this was in addition to the platform charges they were making if your monthly volume wasn't high enough...

These jerks are now looking increasingly like a has-been... it's pretty laughable that they are only just getting into the eminis... talk about a lag time!

And talk about being restrictive when it comes to their "new" futures offering... by having cut-off times at which point they liquidate your positions, they are cutting you off from keeping your positions exposed for lucrative after-hours movement... Cybertrader really have little idea on customer requirements...

Unless Cybertrader changes its policy on its Futures trading, I just cannot see how it can compete with what is already out there...
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DITTO!


How these guys remain in business is a million dollar Q.

Ice
:cool:


b.t.w like your new signature/slogan, bro
 
Quote from iceman1:




DITTO!


How these guys remain in business is a million dollar Q.

Ice
:cool:


b.t.w like your new signature/slogan, bro
More...

It's all a matter of sales. SCH has tons of phone retail brokerage
customers they can hand over to CYBER.
Anyway, CYBER sucks.
 
Doesn' t make the money, everything else does. Just from what I have read here, it sounds like Charlie is bailing becuase yes he does see the writing on the wall. And I am pretty sure he doesn't have the patience to deal with traders and the whole business. He made a lot of money as his edge was one of the first discount brokerages. The acquisition of cybertrader, as evidence by their high fees and lame overnight policy, is certianly no "edge."
 
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