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Lazarus

08/28/20 3:36 PM

#29 RE: WHITTENHALLJR #26

I think Fidelity charges a foriegn settlement fee, not sure about other brokers.

I'm never as concerned about fees, as I am the prospect of being right and making $$$. That's partly due to the fact that in the 90's when I was trading pennystocks the commissions were $29.00 per trade, but with pennystocks they had a surcharge per share -- so my commissions going in and out of trades was sometimes between $200 - $250ish -- which was in and of itself enuf to steer one away from penny stocks.

That said, with ridiculously high commissions back then and no level2, along with the fact that pink sheet stocks were not quoted on a trading platform -- you had to go to pinksheets.com to get a quote (because the orders were filled by brokers over the phone) I still managed to make a shit-ton of $$$ trading them.