Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: watcher who wrote (1082)	6/4/1998 1:32:00 PM
From: LAWRENCE C.	Read Replies (2) of 2120

watcher, it depends on the size of the trades you do. I'm a small fry so I try to get the best price on a stock that I can. The basic DLJdirect commission structure is $20 plus 2 cents per share for every share over 1,000 bought during a day. The same applies for sells. There is no extra markup for limit trades which is what I use most of the time. So the number of shares you trade makes a big difference in commissions. Another SI member said NDB works the same way but their initial commission is for the first 5,000 shares which is a lot better. Lucky Lawrence

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