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Non-Tech : E.Schwab problems -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (634)9/19/1999 12:23:00 AM
From: caly  Respond to of 1401
 
If anyone else got a PM from "sundevil94" promoting Merrill Lynch, please let SI Bob know.

Message 11292691



To: Judy who wrote (634)9/21/1999 11:00:00 PM
From: Dave Triplett  Read Replies (1) | Respond to of 1401
 
Judy in Maine will be taken to the cleaners

I'm two years into daytrading and had to learn the hard way that most all brokers are
not there to help you but to help themselves.

Most brokers sell order flow, therefore their loyalty must be first to the market makers
who pay the brokers 1 to 3 cents a share for your order. Then the brokers soak you a
commission on top of your poor fills. It all comes out of your pocket.

The market makers make money
The brokers make money

The money must come from your pocket.