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

To: TraderAlan who wrote (8318)	5/6/2000 1:01:00 PM
From: Cormac	Read Replies (1) \| Respond to of 18137

Alan - Would you agree that the cost associated with transactions are of secondary (not to imply indifference) importance/concern to an efficient trader regardless of style of trading? Regards, Cormac PS. hope book is going well...

To: TraderAlan who wrote (8318)	5/6/2000 2:31:00 PM
From: Dan Clark	Read Replies (1) \| Respond to of 18137

Alan, Regarding, "There is a strong conflict of interest between the direct access broker and their customers.", I agree with you completely IF you eliminate the words "direct access". In terms of conflict of interest, this applies to all brokers. Encouraging customers to churn has always been a problem with brokers. The only difference that I see is the amount of profit for the broker per trade, the number of orders and the methods of entering orders. The churning problem is NOT limited to direct entry brokers. Regards, Dan.