DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Wayners who wrote (10044)	9/2/2000 3:59:33 PM
From: Apakhabar	of 18137

Wayne, $10 a trade is not necessarily the cheapest for a direct entry broker, unless you're always trading 1000 shares or more, in which case it probably would be. I pay per share, plus various ECN/SOES/SNET/cancel fees, all of which (for me) works out to about 2.2 cents a share, which is a good deal for me since the vast majority of my trades are in 100-200 share lots. If I were to pay $10 a trade 1000 shares would end up costing me $60-80 instead of the $22 I average now. The commission I pay is 1.5 cents a share; some brokers charge as little as a penny a share, and others may advertise one price but will negotiate with very active traders.

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