Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (1153)	6/20/1999 8:18:00 AM
From: Jim	Read Replies (1) \| Respond to of 18137

Being in Canada, I started trading on the TSE. After a year of losses using ETrade, I switched to a U.S. real-time broker, and only trade NASDAQ stocks. I discovered that in Canada, when you place a trade using any kind of broker (including ETrade), your buy order must first be approved by a registered broker to ensure that your trade is in line with your trading "objectives" when you opened your account. For example, if you declared yourself to be a "conservative" investor, and placed an order for a penny stock, your order could be rejected. (Can you imagine if it then skyrocketed!). I found it was impossible to "day-trade" with this time delay. I am curious to know if the same rules apply for U.S. citizens trading on the Canadian exchanges. Jim