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

To: Tracker who wrote (686)	3/15/1998 4:27:00 PM
From: TraderRick	Read Replies (2) \| Respond to of 2120

I looked at their page and it appears to be similar in concept to MB Trading, they use Southwest Securities and Terra Nova trading, along with Real Tick and Real Trade. The way I read their information you have to pay the 63.25 per month NASDAQ fees no matter how many trades you make, but you get the 175 dollar feed free if you make 40 trades. Their commissions are based on 1K shares with 2 cents per share over 1K. MB trading costs 300 per month for feeds and fees, reduced to 100 with 20 trades and free with 50 trades. Their commissions start a few dollars higher, again on a sliding scale so with over 100 trades they are basically the same and at 150 they are a little less expensive. It would seem if you did 40 trades with 1K shares they might work out about the same, over 50 trades (25 round trips, about 1 per day) MB Trading will be less expensive. MB Trading has a good following here, and I can assure you they will do everything in their power to make you a satisfied customer. They have done more than I expected to make me happy with their service, and the executions, I was 8 for 10 positive trades last week, (my first week on the system) one out flat and one loss, Never did that with Datek. They are adding new T-1 lines I didn't have one loss of data or dropped connection all week. Good Luck Rick