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

To: Rene Madsen who wrote (9015)	7/9/1998 12:46:00 PM
From: Larry Voyles	Read Replies (1) \| Respond to of 16892

I've done my research on other e-brokers, but I'm convinced that there's no "best solution" out there. You have to choose from the lesser of evils. Datek doesn't do options, so I have to use another online broker for that, but the "other" online broker plays games with margin and doesn't work well for daytrading. Cheap, good or fast. Pick two of the three.

To: Rene Madsen who wrote (9015)	7/10/1998 12:38:00 PM
From: gbh	Read Replies (2) \| Respond to of 16892

Rene, hopefully your still holding the EGGS. But what makes you think you were entitled to a fill at the ASK? Unless there was an ISLD "limit buy" at 16, AND you were at the top of the queue, you weren't necessarily entitled to a fill. If other MMs were sitting on the ASK with you, they would be preferenced by any SOES sales. Nasdaq rules states an ECN, like ISLD, can not be preferenced for a market order if another MM is at the same bid/ask. I believe that is the rule. Unless you have an L2 display, you can't really know if you were entitled to a fill or not. Gary

To: Rene Madsen who wrote (9015)	7/10/1998 7:26:00 PM
From: Spots	Respond to of 16892

>> I will change to another broker as soon as I find the right one to go with. Aye, there's the rub.

To: Rene Madsen who wrote (9015)	7/16/1998 12:29:00 AM
From: Michael Turner	Read Replies (3) \| Respond to of 16892

IMHO, the only way to go is direct access trading with a professional trading platform. Using a web browser to route orders to a broker is slow...very, very slow, and will cost you a bundle in the long run if you actively trade. The $300+/- per month that you will pay for one of the services that offers real time data, real time account management, direct order routing to the market makers, specialists and ECNs will be FAR less than you are losing/leaving on the table with a web-browser based discount broker. Michael Turner Author DayTrading into the Millennium tradersresource.com