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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Robert Cohen who wrote (574)	7/25/1998 3:54:00 PM
From: FishbackJ	Read Replies (1) \| Respond to of 7382

Hi Robert, I just opened an account with MBT and have an old account at Datek....I've been thinking about this very subject. If a 30 day "reduced commission for low shares" plan had been available, I would have opened an MBT account months ago. It may seem trivial, but it's psychologically hard to know that you're either going to have to risk higher shares while learning the interface, or lose money, even if you get the trade direction right.(because of 100 share lots and 40buck round trips....even 1/4 point scalps still lose money.) Paper trading just builds confidence, not executional competance. I'll betcha they do it. Everyone I've talked to at MBT KILLS themselves trying to satisfy their customers. I don't know if they're the best, but they sure try to be. Dick

To: Robert Cohen who wrote (574)	7/25/1998 4:04:00 PM
From: spotter	Respond to of 7382

Please post a followup if he does implement your recommendation. I would bet that there are a lot of people like me, sitting on the sidelines, thinking about taking the plunge. If the price of entrance was lower it might make people a little more comfortable with trying it out. Good idea, I hope they take you up on it! spotter

To: Robert Cohen who wrote (574)	7/26/1998 10:02:00 AM
From: Windseye	Read Replies (1) \| Respond to of 7382

Yes, I agree with the idea of cheap trades for a month! THis last week has been the first actively trading with MBT and the constraint of always making 46 bucks on the round trip is very hard to live with... it forces a screening of candidates to either high prices/low vol/bigmoves, or low prices/big vol/small moves. The latter is preferable but less common given the market conditions (nifty fifty absorbing lots of attention). So yes, 2 cents per share trades for the 1st month and I'll go nuts and become at least better if not an expert! Doug