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Strategies & Market Trends : Take the Money and Run

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To: Jorj X Mckie who wrote (2455)	6/8/2002 5:07:05 PM
From: GraceZ	Read Replies (1) of 17639

Good for you, you should walk if they treat you that way. I use Scottrade, TD Waterhouse, Datek and Schwab, I used to use Etrade and a full service broker. In my opinion you can't do better than Scottrade at this point. I used to think Datek was the best, but I've gotten some pretty lousy executions when I went market, although their options trading might be better and their AH trading is great. Schwab screws you commission-wise on orders over 1000 shares. Maybe their pro interface and commish structure is better, I don't know. Also I find the order entry for TD Waterhouse and Schwab extremely painful and slow. On TD Waterhouse I've never been able to figure out what my cash level is, the interface is designed by a madman. With Scottrade I can do one click orders from the Streamer (sometimes a benefit, sometimes a curse) but what blows me away is the speed of their executions and confirms, $7 for market and $12 limit and there's no size limit so it still costs you $7 even if you are buy 10k shares. I find myself using market orders more and more just because I always seem to get the inside B/A. I only use limit orders for high or low ball offers and thinly traded stocks.

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