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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (2516)1/17/1998 1:13:00 PM
From: Richard Estes  Respond to of 12617
 
You are right on 2nd, I bow to your knowledge on 1st. I just use a plain old broker. I would rather be sure my money is in safe hands. Just leaves commissions and fees, The dentist of article while not a "real" daytrader makes his broker smile.



To: TFF who wrote (2516)1/17/1998 2:59:00 PM
From: xstuckey  Respond to of 12617
 
Hi irby,

As a position trader who is short about 50% of the time, I can assure you that margin must be a significant source of income for online discount brokers.

Even though I carry a small cash balance when I am long, my margin costs in 1997 were about 2 1/2 times my brokerage fees. The two together amounted to just over 5% of profits.

I wonder if this is fairly typical?

Best Trading, X


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