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Gold/Mining/Energy : Day trading in Canada

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To: Brian Diggle who wrote (1899)12/26/1998 9:58:00 PM
From: BradC  Read Replies (1) of 4467
 
Greenline vs E*trade

I use both, here are a few things I've noticed:

1. E*trade does NOT have stop loss orders, Greenline does

2. Both E*trade & Greenline have electronic Cancel and CFO orders. (Not sure what your problem is with these, they work fine for me)

3. E*trade does NOT have short selling. Greenline shorts have to be called in.

4. E*trade web site is usually much faster than Webbroker.

5. Greenline restricts out-of-range orders. Very annoying when trading micro-pennies.

6. Greenline is the largest discount broker in Canada, which can be an advantage when competing for fills. Also Greenline provides access to IPO's. (It's been a while since I've seen anything hot though)

In summary until E*trade gets stops and short-selling I don't see them being a big force for daytraders. Greenline really needs to do something about the performance of their Webbroker. I don't have an account but I've also heard a lot about Priority Brokerage. It will be interesting to see how things develop with Schwab at the helm.

Happy trading,
Brad
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