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

To: 246810 who wrote (1083)	6/4/1998 9:43:00 AM
From: Philip R Berber	Read Replies (1) \| Respond to of 2120

Many confuse low commissions with low transactional costs They are not one of the same Transaction costs include "slippage", the difference between the price that you wanted to be executed at compared to the price the broker eventually told you he filled you at On a 1000 share ticket, if you missed your entry or entry by say just an 1/8th, that'll cost you $125. So such a trade with a say $20 commisssion costs has a transaction cost of $145 Many think that the solution to on line trading is WEB based or browser based technology. Its not - its slow, and little more than an email system You do have a choice You can have lower transaction costs as well as higher execution speeds Earlier this year CyBerBroker, Austin, TX began offering CyBerTrader to professional, active electronic traders CyBerCorp has a WEB site plus there is a CyBerTrader thread on SI PRB CEO CyBerCorp Inc www.cyber-corp.com