DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Dustin who wrote (8235)	5/5/2000 10:48:00 AM
From: brec	Read Replies (2) of 18137

I have used Cyber for about a year now and believe your interpretation of the 5 minute rule is wrong. You can not place seperate orders within the five minutes. The 5 minute rule means that when you get a partial fill you can let your order sit there, and if the rest gets filled within five minutes there is no extra commission (I'm an MB Trading customer.) Are there actually brokers who charge a separate commission for each partial fill of a single order? E.g., bid for 1000 on ISLD, get 23 partial fills and -- regardless of time taken -- get charged 23 commissions? I've never encountered a broker who does that, so I'd be interested to know if I've just been lucky.

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