DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (97)	6/6/1999 4:40:00 PM
From: Dave O.	Read Replies (1) of 18137

Having traded with both direct entry and web brokers, another advantage of web based (or disadvantage of direct access) is that you don't end up paying the extra ECN fees. Depending on the direct access broker, you can pay 1.5 cents per share for INCA and/or some of the others BTRD, ATTN, BRUT ...., extra charges for Selectnet, etc. I had trades in the past cost up to $80 for entry + exit (on 1000 shares) if I bought and sold using INCA ($25 commission + $15 INCA - each way). If you're trading for 1/8, 3/16 these extras costs can erode net profits. Dave

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