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


To: Henk Kruisbrink who wrote (6295)12/23/1997 9:34:00 AM
From: pae  Respond to of 16892
 
the right choice

Without knowing much more than I want to about you or anyone else, I would not recommend Datek, e.Schwab or any other broker as the one and only right choice.

For someone who is unsure of the difference between a limit vs a market vs a stop order, Schwab or Fidelity might be on target. For a mutual fund type of person, the same may be true. For someone with a few hundred trades under their belt who tires of the same answer (an explanation of limit vs stop orders) to all questions a more performance-oriented choice makes sense.

Bear in mind that significant dynamics of the business paint you and your broker as adversaries. You may find, as I have, that your choice of broker is best regarded as a work in progress. Datek is a New York firm, and having dealt with people all over the globe, I suggest that retaining an objective attitude is essential. For example, while Datek has been very consistent is promising check-writing, options and Level II quotes, the dates attached have been remarkably fluid.

Hope Datek works out for you. Whether or not they do, keep an eye on Datek and another eye on their competition. Use your third eye to trade. Good luck!