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: Dan Clark who wrote (8325)	5/6/2000 3:05:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Dan, Don't think my comments imply that discounters are angels. Just think we're talking about different types of conflict and the discussion was focused on direct entry. Most discounters don't profit from selling you expensive, high tech trading software and I suspect they incur lower individual client acquisition costs. They benefit from payment for order flow and I also believe they can use their very high cash flow more profitably than direct-access brokers. Seems they have also been more upfront about trying to slow down their customers from fast flipping. I have paternal e mails from Schwab and Brown but all I have from Cyber is the rules of margin calls. It appears that discounter would be hurt more by a new 25K account minimum for day trading than direct access who already have a better customer profile in that regard. But they all support it, at least publicly. Alan