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Microcap & Penny Stocks : Trading 101

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To: Frank Summers who wrote (279)5/29/1998 1:01:00 PM
From: Tod C   of 406
 
I use National Discount Brokers (NDB) and recommend it without
reservations. 1-800-888-3999, ndb.com

Give it a test drive: ndb.com

In order to open a NDB account, you must have a US address so
they can mail your material and confirmations. They do not
require US citizenship, just US address.

They do NOT have an 800 # for people outside the US.

I have no affiliations other than satisfied. Here's why:

Excellent website
Website is very reliable. I'm on the website daily and have
only not been able to log in twice. Tried again in two minutes
with no problem.

Website has auto-timeout of 10 minutes. So if your PC crashes,
you'll have to wait 10 minutes because you will technically
still be logged in (can only log in once).

You can have one frame or three frames on your screen! Multiple
frames is AWESOME. The three frames are trading, quotes, and
account balance. The setup is easy.

Trading screen - you can use decimals!!!!!
For all stocks (includeing OTC BB) you pay one commission per day for same side trades.
Website limit order $19.75
Website market order $14.75
Phone-in limit order $27.75
Phone-in market order $24.75

Listed stocks (NYSE, NASDAQ, AMEX) same price as above up to 5000 shares plus .01 per share over 5000.

You can specify GTC, Day order, marker or limit. Great preview of
order (with current RT Ask figured in) plus verification before it
sends. If you already own the stock, it will let you know.

Multiple accounts
Easy account switching and account window updates.

Free real-time quotes screen
You can specify BB stocks, i.e. DGIV. You can specify single
quotes or up to 3 lists of 10 quotes each. You can also specify
which 7 of 23 indicators you want displayed. You must manually
update the quotes in the quote window (no real-time updating).
However you can have the last trade quotes from your current
quote list scroll by at the bottom of your window. Neat feature.

Also, full quote info is available for BB stocks. For every trade
you make, they give you 100 more real-time quotes. And I don't
think they do the subtraction right. I think I actually use more
than they subtract from my total. With any modest amount of
trading I don't think you'll ever run out. You get a bunch to
start out with too.

Account/portfolio balance screen
This one is kewl. It shows your previous day's balance, as well
as your current day's portfolio with RTQ's and daily value.
Keeps track of your average buy-in price and calculates your
total return in real-time.

Technical Analysis screen
You can even ADD indicators like moving averages, ...

Zack's screen
Show me the numbers. Little or no info on BB stocks.

Links screen
Plenty to do research, but too many links to list.

Can trade options and mutual funds.

Account summaries each month are legible and the end of year
is adequate.

Confirmations
NDB confirmations have been excellent. Better than expected
price sometimes and fast executions. I say almost always
eventhough I've rarely been disappointed. You can get
confirmation by email or automated phone call (you can
change confirmation type through their website or by phone).
You will always get a confirmation through the mail.

Regards,
Tod
Rocketeer Co-Commander

Long DGIV, INFE, ICVI
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