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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: iceman66 who wrote (23762)	1/26/2002 7:43:31 PM
From: Ken Adams	Respond to of 39683

Jeff, I'm sure TC will jump in here with his comments. But I wanted to let you know there are no "catches" with IB. They are low priced and offer no frills. If you need hand holding, this is not your broker. If you're confident of your methods, this can certainly be your broker. Personally, I have nothing but praise for the way they handle my trades. Both options and equities. I do pretty "straight" stuff and it always works well. Ken

To: iceman66 who wrote (23762)	1/26/2002 8:09:55 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

iceman, Welcome to the BTTT thread! Glad to know we are helping your trading! I am a big fan of IB. I do have an account with Datek (have been with them for nearly 5 years now), but only rarely use it. I find that Datek tends to have a larger inventory of shares to short; but IB has really improved in this area. I haven't had to put a short through Datek for quite a while now. IB's "trader workstation" takes some getting used to. It has been vastly improved. But it is not user-friendly. Still, once you are used to it, it works well. Commissions are cheap and there are not catches. Transaction times in liquid stocks are very fast. Limit orders stay put on the limit. There will be a small fee charged in a couple of months for data, but it is minimal. Yes, if you are making 20 trades/month, by all means switch. You'll save money. Also, option trades are only $2/contract. TC