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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Melissa McAuliffe who wrote (473)	2/8/1998 2:48:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 2120

Melissa, I'm also relatively new at this. As for your first question, both E*Trade and Datek charge a commission for all trades of a given security (there are some exceptions). What broker are you using? As for weekly profit, if I were to trade full time then I'd want to make at least $1k-2k per week (otherwise, I have no reason to quit my day job). Everyone sets their own personal goals. And rather than use points, why not use an absolute dollar amount or a percentage? ...tai

To: Melissa McAuliffe who wrote (473)	2/8/1998 5:06:00 PM
From: dpl	Respond to of 2120

Most of the newer internet firms charge a comm for each trade.Some of the older discount firms like Fidelity lump the trades for the day together. I.E two buys of INTC for 500 shares each will be the same comm as 1000 shares. David