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To: Blue h2o who wrote (2163)10/16/2000 9:34:47 PM
From: bobby is sleepless in seattle  Read Replies (2) | Respond to of 8046
 
kurt,,,i'd suggest going thru all the posts,,,there are pro/cons...a no frills approach, yet very ez to use platform.

my trading habits have changed, averaging in, typically involved with more stocks and less shares,,,the unibomber lurks too much these days and takes absolutely no prisoners...therefore, the savings are something else...

sticking with liquidity is the key,,,and i mean highly liquid...

I will no longer trade the tmwd's, mrvc's, inrg's thru IB for now....perhaps I will go thru the posts as well for brushup and find best preferencing methods,,,I have found isld to be most efficient...best execution has yet to perform to my standards...

Subject 32122

of the multitude of on-line services tried, i find Datek to be the most reliable with fills, liquidity not really an issue,,,generally speaking.



To: Blue h2o who wrote (2163)10/16/2000 10:08:17 PM
From: HoodBuilder  Read Replies (1) | Respond to of 8046
 
I just opened my futures account with IB. I understand they are excellent but check back in a few weeks if you haven't already bitten the bullet. I trade stocks through CyberCorp and for the most part have had no problems.



To: Blue h2o who wrote (2163)10/16/2000 11:27:44 PM
From: nokomis  Respond to of 8046
 
<where'd everyone go?> ...oh probably back to their lives, now that they have the eyes of their trading buddies working WITH them during the day <g> ..more hands, less work, deeedum deeedum...

(Seriously, think SI was down for a few minutes as I had trouble logging on too)



To: Blue h2o who wrote (2163)10/16/2000 11:52:10 PM
From: Susan G  Respond to of 8046
 
Hi Kurt, I use Cybercorp for datrading now as well as DLJ Direct. Cybercorp I like for those fast moving momo stocks, as I can set my own stops - and trailing stops online. No waiting for a broker on the phone like at DLJ. But as far as commissions, they are not cheap, I think it's 12.95 or 15.95 a trade. DLJ is 20 but if you plan to add to a position, DLJ will do it gratis - buy all you want all day for 20 bucks, and sell it in chunks for 20 bucks total. Whereas cyber gets you for a commission on every buy and sell - EVEN if you have a limit order and the only do a partial fill. They get you for another commision to fill the rest....

Also if you use margin, Cybercorp lets you margin any stock. DLJ has a long laundry list of non marginable stocks, most of my favorites included. They recently took BEAS off the list though <g>

Cybercorp finds you the best price out there with instant executions, much faster than anywhere else I've tried. Market orders take about 5 seconds.

I'm currently looking for another broker for two reasons - I'm trading in and out quite a bit and would love cheaper commissions, as they are taking a bite out of my profits. And second, my Cybercorp interface gets the data feed from Qcharts - which has been awful lately - slow, down or with incorrect quotes. So if you do try Cyber I would go with their feed and interface, NOT the Qcharts hookup.
Hard to find cheap brokers that alow you to place tyour own stops. Scottrade does, but the $8 trades become $12 trades as the stop sells are considered limit orders. Hope this helps! So far, I am still in search of the perfect broker...