DAYTRADING Fundamentals Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Adams who wrote (9)	6/5/1999 4:51:00 PM
From: -	Read Replies (2) of 18137

Ken, I'd also encourage you to stick with your discount broker if that works for you. I used to trade the same way. Going to a direct-access broker adds a lot of new hassles and complexity. However, there are definitely some major advantages which you can benefit from if you want to put in the effort for the transition and learning curve. By having Level II quotes and being able to route your order selectively to ECNs, you can time your orders much better, get better fills most of the time, and (a big one) stay more nimble - it's easier/quicker to jump in and out of stocks. There is little reason to be clipped for more than a point (in most stocks) if you trade this way; you can get in and out much quicker. Commissions tend to go up, but so can profitability. And there is no reason you can't swing-trade and position trade using direct access, I do that all the time. Just gives you better entries/exits for those trades; icing on the cake. -Steve

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next