Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: Essam Hamza who wrote (2116)	1/26/1999 7:59:00 PM
From: Rob Davis	Read Replies (1) of 4467

Hi Essam, I also talked to the President of Swifttrade in TO a few times. Mostly to ask when they'd be coming to Ottawa, but also to ask about franchises, etc. (Just out of curiosity.) You are right, it is US$25/1000 shares traded. The prez said the Toronto Swifttrade office was profitable its second month. US$25 (commish) x 2 (buy and sell) x 10 (conservative number of traders) x 10 (average number of trades per day - guesstimate) x 200 (trading days per year) ------ US $1,000,000 gross - still have to pay expenses However, I can see how it can be profitable in a hurry. Cheers, Rob PS. Supposed to be in Ottawa by the second quarter of 1999.

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