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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Mark Davis who wrote (8222)	5/4/2000 8:48:00 PM
From: Dan Clark	Respond to of 18137

Mark, I BELIEVE, based on my own trading records, that what I said is true. Works for me. Regards, Dan.

To: Mark Davis who wrote (8222)	5/4/2000 9:51:00 PM
From: E. Davies	Read Replies (2) \| Respond to of 18137

What's the real story here The real story is as described. Any consecutive orders on the same side within 5 minutes are a single commission. A trade on the other side (buy-sell-buy) in theory starts the counter over again, but there have been times when I've seen the second buy also has free comission. I can't begin to describe what a benefit to my trading the ability to scale in and out has been. It's not at all uncommon for me to sell a position in 3 or 4 seperate trades over a period of a couple of minutes. In a trade where the profit is $300-$400 saving the price of a couple commissions in each direction is a huge deal. Eric