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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: marilyn who wrote (4854)	8/5/1998 4:24:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

Marilyn: Check out this link which will give you info on daytrading brokers. Also read most of this thread and you will find all the answers you are looking for. Subject 20613

To: marilyn who wrote (4854)	8/5/1998 5:20:00 PM
From: Eric P	Read Replies (2) \| Respond to of 12617

Marilyn: See Irby's link for a wealth of information on daytrading, including the links for most of the daytrading brokers I mentioned. For some reason, I didn't see the link for Castle Securities listed anymore (Irby?) but it is: castleonline.com I would strongly caution you against any hope to be profitable by daytrading with a $3500 account. That may be a reasonable account size to learn with, expecting to pay for the education. With that account size, I would not suggest using any of the daytrading brokers I mentioned. Instead, I suggest finding a daytrading broker that charges commission on a per share basis (i.e. 1000 shares = $25, 100 shares = ~$5, etc.). I believe some brokers do this, but I cannot recall which brokers do this (Anyone?). In the alternative, I would suggest going with a firm such as Datek. They are not as fast, or flexible as the firms I mentioned. But their commission rate of ~$10 will not chew up your capital as fast. However, my best advice: Do not daytrade with less than $20,000 minimum. => And $100k+ is definitely better yet. Otherwise, you are forced to buy less than 1000 shares per stock, which makes it very difficult to cover your fixed commission cost. Good Luck, -Eric