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

To: William W. Dwyer, Jr. who wrote (5302)	9/22/1998 7:25:00 PM
From: peter michaelson	Read Replies (3) \| Respond to of 12617

I'll chime in here with a vote for Datek. I'm using Datek and MB Trader simultaneously right now, but thinking of going back to Datek exclusively. My style is short-term trading, but not scalping or daytrading. Confirms are almost always within 15 seconds, I would say. Shorts are very available. The price is very reasonable, especially for low priced stock if you trade more than 2000 shares. I have good success with beating my limit price, on NASDAQ and NYSE. I never phone them, which helps one feel better about them since they're pretty poor on the personality/service end. They don't sell order flow. It's very quick to enter an order. Not as quick as MBTrader, but not much slower. My problems with MB Trader are that somehow I feel that I'm supposed to trade more actively with them, so I get tempted to do trades I might not otherwise do. The commission price is high. The portfolio reporting is not too great. Maybe I'm just more familiar with Datek. Have done probably 500 trades with them. I guess I really like $10 commissions because if I want to back out of a trade it's psychologically easier for me to have blown $20 than $45. Not 100% sure why, but I do like Datek a bunch. EOM peter

To: William W. Dwyer, Jr. who wrote (5302)	9/22/1998 7:29:00 PM
From: Manican	Respond to of 12617

dgiv looks like a good short term trade.

To: William W. Dwyer, Jr. who wrote (5302)	9/23/1998 8:53:00 AM
From: steve goldman	Respond to of 12617

I guarantee you this...for active traders, when you have a trader of mine on the phone as they are executing your trade, you'll have a report in the amount of time it takes to say , "You bot 2000 ABCD at xyz, fills." You pay a second or two calling in, etc., but net net, results speak for themselves. Regards, Steve@yamner.com