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Strategies & Market Trends : Befriend the Trend Trading
SPY 691.88-0.3%Jan 30 4:00 PM EST

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To: iceman66 who wrote (23762)1/26/2002 8:09:55 PM
From: Dr. Stoxx  Read Replies (1) of 39683
 
iceman,

Welcome to the BTTT thread! Glad to know we are helping your trading!

I am a big fan of IB. I do have an account with Datek (have been with them for nearly 5 years now), but only rarely use it. I find that Datek tends to have a larger inventory of shares to short; but IB has really improved in this area. I haven't had to put a short through Datek for quite a while now.

IB's "trader workstation" takes some getting used to. It has been vastly improved. But it is not user-friendly. Still, once you are used to it, it works well.

Commissions are cheap and there are not catches. Transaction times in liquid stocks are very fast. Limit orders stay put on the limit. There will be a small fee charged in a couple of months for data, but it is minimal.

Yes, if you are making 20 trades/month, by all means switch. You'll save money. Also, option trades are only $2/contract.

TC
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