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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: tide who wrote (647)	10/4/1998 12:23:00 PM
From: Kevin Hamlin	Read Replies (2) \| Respond to of 4467

With regard to different brokerages, it really depends on what your purpose in the market is. I was with Greenline for years...not as a trader...just an investor. They were fine and reasonable with regard to commissions. Execution times were anywhere between 1-5 minutes. Now that I am trading for a living, execution time and commissions are so much more important. For this purpose only, Greenline just wasn't working for me. I want executions done in 30 seconds or less....preferably much less. Etrade's execution time is almost always within this timeframe. My only beef with them is their server has been kinda wonky the past few weeks....gone down 3 or four times for about 20 minutes or so. In those cases, there's always the phone...touchtone or real person. Their commissions are a bit better than Greenline's but still not great. The reason I'm looking at Priority is that their commissions are substantially lower. As for their execution time (which is most important to me), I'll have to see. I've talked to them a number of times about different issues. So far, the talk is good. We'll see if "the walk" is just as good. Kevin

To: tide who wrote (647)	10/4/1998 1:36:00 PM
From: HiStakes	Read Replies (3) \| Respond to of 4467

Tide, Just wanted to add my comments re on-line brokers. I have been using Greenline and I was satisfied until I started day trading regularly. As an example, last week I was trading K. Everything was going nicely (up) when all of a sudden the buy signals were showing. I put my sell in and then had to wait for the Greenline 'approval' process. This only took a few minutes but during that time, K traded .05 over my ask and then dropped like a stone. If I didn't have to wait for the approval, I would have sold for a $800 profit. As it turned out, I finally sold at a $400 profit. Greenline cost me $400 in the space of five minutes. At the time this was happening, I was chatting on line with Kevin Hamlin. He was doing a trade with Etrade that was executed in 12 seconds. For other reasons I may not be day trading for the next six months, but when I come back, I will be looking for something else. The other thing about Greenline is that you need to keep fiddling with your accounts or whatever to keep the site active. It times out otherwise and then you have to waste more valuable time signing on.