Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: Dave Triplett who wrote (9767)	9/25/1998 7:43:00 AM
From: Rene Madsen	Read Replies (3) of 16892

I think if you're really into daytrading you're better off with one of the brokers specializing in that. Just be sure you understand that you're getting what you're asking for. I've used MB Trading for a week now, and I must say I was surprised to find how different it is. Compare it to driving a car: Datek is an automatic (maybe one of the better ones - nothing negative implied), MBT is a Ferrari. The Ferrari will do 0-60 is 3 secs flat (quick entry, fills, confirms and cancels), Go 250MPH (integrated quotes and L2 display) -- but if you're stuck in the traffic you have a lot of work to do: You need to use the clutch and the gearbox (the margin system requires quite a bit of manual paperwork as there is no automatic balance during the trading day), there's no cruise control (no stop-loss functionality except for NYSE OTC stocks), costs are higher (higher brokerage fees, extras for things like L2) -- and if it starts raining you find out the wipers don't work (several bugs in the interface). Pro and cons on both sides, depends on what you use it for.

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