SI
SI
discoversearch

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.
Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?


To: Jack Zahran who wrote (5799)11/5/1997 11:34:00 AM
From: jim A  Read Replies (4) | Respond to of 16892
 
Does Datek allow you to trade NYEX stocks?
Seems like this is a great deal with the 9.95 fees
and the unlimited real-time quotes.
How would you compare to Etrade or other larger
on-line broker.
Comments?



To: Jack Zahran who wrote (5799)11/6/1997 8:42:00 PM
From: Esteban  Read Replies (1) | Respond to of 16892
 
<<Off Topic: So you are saying 2.5 cents a share? Sounds expensive.>>

Jack, I realize 2.5 cents a share is expensive, but can you trade 100 shares for $2.50 on a transparent system on AB Whatley or anywhere else? I thought the minimum charge is $20 plus. One of the successful daytraders I was chatting with trades 30000 to 10000 shares a day in 1000 share increments after only 8 months. He says whenever he starts trading badly, he goes back to 100 share trades to get back in the groove.

I hesitate to go to a system like AB Whatley because I don't know if I can manage the overhead of $1000 a day in commissions.

E