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

To: Kevin Hamlin who wrote (1054)	11/4/1998 9:21:00 PM
From: Wizzer	Read Replies (2) \| Respond to of 4467

What are the advantages you find with E-trade Canada besides the faster execution time? Any other perks?

To: Kevin Hamlin who wrote (1054)	11/4/1998 9:47:00 PM
From: Wizzer	Respond to of 4467

You owe them nothing and you'll be doing yourself a BIG favour. Really, it appears to be roughly $10 more on each end of the trade for E-Trade Canada. Many times I end up having to call Greenline and execute a SELL ORDER at $43 because that 5 minutes for confirmation can be scary. I'd rather be told right away and relax. The other day, I got confirmation of my sell in 5 seconds on the phone. The rep. seemed stunned that I actually wanted confirmation on the phone, but I insisted. The other sell for the day was already trading at the BID price where my SELL order was, and still showed as an OPEN ORDER. Even the rep. at Greenline had to call around to find out whether it was sold. Finally, I found out it was sold, and I was relieved. Both trades were on the VSE, in high volume trading.

To: Kevin Hamlin who wrote (1054)	11/5/1998 1:02:00 AM
From: trilobyte	Read Replies (1) \| Respond to of 4467

Kevin , i could sound stupid what i say now ,but when i was reading your post i have a question . i don't trade us stock and us exachanges and never did , which means i don;t have idea about how to get account with a us based company -- and if i good remember someone mentioned here a while ago that canadians can't go to us trading company ( sorry didn;t pay much attention at the time) -- but if this is correct what is restricting Us trading company to run acounts for canadians ???? there is a free trade NAFTA and if a big company can use this provision why a trading company can not ??? any explanation for that ??? tlb

To: Kevin Hamlin who wrote (1054)	11/5/1998 8:58:00 AM
From: the Chief	Read Replies (2) \| Respond to of 4467

Chief...and others..in NO WAY am I trying to dampen your enthusiasm for making things better. I absolutely applaud it. I'm only suggesting that each of you/us take a look at your current brokerage and assess the possibility of them changing. If the answer is something akin to "ya, if I live that long", then ditch them. You owe them nothing and you'll be doing yourself a BIG favour. So that's my comment. Hope I haven't offended anyone along the way! Not at all! However let me give you an example of "Canadian complacency"! I had just moved to a community in Ontario. The big bitch on the street was "we were promised sewers on this street 9 years ago, and still don't have them"!! I talked to everyone on the street, all of them said they had gone to "town council" raked them over the coals, called their councellor, bitched to him/her. Appeared at ton council meetings and demanded satisfaction! Wrote letters and generally made life miserable for the "establishment"! So I talked to present and past councillors and present and past mayors! They categorically stated "it was something they knew about...but nobody really complained"!! I checked the towns minute registry for all council meetings back many many years! NOT one agenda item reflected "the concern" or even "the topic"!! I placed it as an agenda item for the next town council meeting! I spent hours working out costs. I wrote the Ministry of the Environment because these homes are on the river, and received from them an "environmental advantage letter". I put so much pressure on the council that 11 months later we had sewers!!! Whats my point!! For as long as we (Canadians) believe we are a lesser species and deserve inferior performance because of our lack of size.........we will get what we deserve. I don't care that Citibank is xxx zillions times bigger than the Royal Bank! Primarily because the Royal Bank is "OUR CANADIAN" bank, as are all the others. "If we consistently expect less from them, they will consistently provide it, while ever increasing the appropriate fee" Ask yourself this. If e-trade provides you opportunity to trade for XX dollars and executes the trade in 20 seconds. The Canadian Banks provide you with an opportunity to trade for XX dollars and execute the trade in 14 minutes. If "XX dollars are the same, is one facility overcharging?? Its your money! I do not accept mediocrity from myself, and I sure as hell won't except it from Canadian Banks!! Thanks for getting my adrenalin going again!! the Chief