Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Essam Hamza who wrote (2116)	1/26/1999 7:01:00 PM
From: IdiotJed	Respond to of 4467

<<Are they profitable in Toronto yet?>> Look at this article: swifttrade.com There is a waiting list. I guess they are doing well. IdiotJed

To: Essam Hamza who wrote (2116)	1/26/1999 7:59:00 PM
From: Rob Davis	Read Replies (1) \| Respond to of 4467

Hi Essam, I also talked to the President of Swifttrade in TO a few times. Mostly to ask when they'd be coming to Ottawa, but also to ask about franchises, etc. (Just out of curiosity.) You are right, it is US$25/1000 shares traded. The prez said the Toronto Swifttrade office was profitable its second month. US$25 (commish) x 2 (buy and sell) x 10 (conservative number of traders) x 10 (average number of trades per day - guesstimate) x 200 (trading days per year) ------ US $1,000,000 gross - still have to pay expenses However, I can see how it can be profitable in a hurry. Cheers, Rob PS. Supposed to be in Ottawa by the second quarter of 1999.