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Non-Tech : CYBERTRADER

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To: jebj who wrote (2406)5/1/1999 1:33:00 PM
From: William W. Dwyer, Jr.  Read Replies (2) of 3216
 
jb, I agree. Beyond a certain point, the commissions are irrelevant. If one's trading profits are low or marginal to the point where a change in commission rate would be significant, probably the trading is not going well. Something more than the commission rate is wrong. And, as you intimated, I suspect this pertains to the vast majority of daytraders. To justify the time, expense, trouble and risk involved, one's daytrading profits should be way way greater than the commissions, whether they be in the range of $10, $20, or even $50.

By the way, rather than discuss this kind of stuff at her big-deal trading seminars, Robin Dayne will charge you $5,000 to hear her off-the-wall psycho babble mumbo jumbo. If she could, I'm sure she'd be on the Home Shopping Channel with her buddy, Tony Robbins. Anyone who's willing to throw away better than five grand on something like that surely cannot complain about a twenty dollar brokerage commission.

Bill

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