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Re: JLSegal post# 148702

Sunday, 09/07/2003 11:31:13 AM

Sunday, September 07, 2003 11:31:13 AM

Post# of 704041
TrackTrade is really just MyTrack (product of Track Data) under a new name, and with a different fee structure. MyTrack has been around for a while. I used MyTrack (they call the trading platform MyTrade) for several years before switching over to TrackTrade about a month ago.

I think their product is excellent (I use, or have used, Fidelity, Datek, IB, Schwab, Merrill, E-Trade, and Harris). MyTrade had a problem in that they forced brokers to take 100 shares in order to "claim" a trade (after which they could play it, I presume). This sometimes resulted in the $15/trade fee being paid for just 100 shares. Now, with TrackTrade, this would only cost $1.

So, nowadays, I use TrackTrade for the great majority of my trading (about 15 trades/day). I use IB for shorting really cheap stocks, and use Datek (for its fixed fee) when trading large quantities of shares.

Hard work often pays off over time,
but laziness always pays off right now.

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