Best & Worst Daytrading Broker? Message Board

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Non-Tech : Best & Worst Daytrading Broker?

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To: Kevin who wrote (110)	5/29/1999 11:35:00 PM
From: Stinkie	Read Replies (1) of 126

Obviously commission free trades directly from ProFunds, plus your cut-off time is 3:50 EST instead of Fidelity's earlier cut-off time. I trade in and out of UOPIX with about $750,000. Have been with them since the beginning...So I either have really good or really bad days...It seems like I checked Daytek about 6 months ago and they had ProFunds listed. However, the only benefit I could see of going with a broker would be the ability to margin Ultra OTC after a big correction...However, they had it listed as non-marginable. Thus, I see no benefit to trading it with a broker. My money is in an IRA, thus I can't margin anyway. UOPIX was my way around the inability to margin retirement accounts. However, please let me know if you find a cheap broker, who will allow margining a leveraged mutual fund with a cut off of at least 3:30.

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