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 : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: jaytee who wrote (12351)	2/12/2000 5:31:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 14162

Jaytee, I mostly lurk here, but enjoy the thread. I do CCs occasionally in my IRA, but don't work at it like many here do. I should say that I've been doing this a good many years and have gone through a number of brokers. Here's my take on them. I think Schwab is far and away the best out there. He is also too expensive. Even his new "deal" for traders doing more than 60 trades a quarter makes him double (or at least 50% higher) than other good discounters. Having said that, I settled on TRADING DIRECT in NYC for my trading account. IRA still at Schwab in Mutuals (free). I have been with TD for nearly two years now. Good executions, good confirmations online and an easy interface which is sometimes slow, but I blame that on my ISP. I've only had trouble with them once and it turned out to be my own careless fault. They are not for daytrading, however. I have done daytrades with them, but they only update the account on a daily basis, after the close. They offer margin, options etc. No stocks under a buck (although you can sell under a buck). Trades for $9.95 per ticket, any quantity and limits and stops are OK at the same price. Good option prices, as well. Take a look at www.tradingdirect.com Good luck, Ken