DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Jon Tara who wrote (7111)	3/4/2000 8:08:00 PM
From: Dave O.	Read Replies (1) of 18137

< Free Level 2 ain't "free", though > Gotta disagree ... no cost = free IMO. Higher commissions are meaningless to me and part of the game. I'll gladly pay $25 a trade and know I am filled immediately. Further, I can bail in a timely manner if the market turns against me. With a traditional discounter you can wait for minutes for your order to get to the broker and then more time waiting for a fill. TIME = MONEY. And splitting the bid/ask by even 1/32 on 1000 to get a fill more than offsets the discount brokers lower cost commissions. In the end one has to go the route they feel best about. I trade for a living so a discounter is not an option for me. I can't (won't) let a fast moving market potentially cost me hundreds or thousands of dollars that would be at risk with an online broker. Dave

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