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mrmag123

02/07/04 7:39 AM

#14196 RE: Georgia Bard #14195

Try
TradingDirect - they let you trade all day long - anything for $9.95 pinkies, otcbb, amex, nasdaq, etc. One problem, max trading limit per trade 500,000 shares. if you need a million shares or more, just keep adding to the 500,000 - you will just have to pay $9.95 each 500,000. They also have great customer service
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Cytotekk

02/07/04 8:03 AM

#14198 RE: Georgia Bard #14195

Hi, I already set up my Scottrade account a few weeks ago, I am leaving Etrade as well. That is three business days that they hold your cash, weekends and holidays do not count. They old make interest on your cash ruse.

The transfer of these POS pennies is a pain, might as well sell and move cash. People here seem to love Freetrade, btw, very cheap AND good.

Thanks for the long post, takes time.


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Casprs1

02/07/04 9:18 AM

#14201 RE: Georgia Bard #14195

Georgia....

I've been with e-trade for 5 years now and haven't had a problem. I pay 9.99 per trade +$3. I've never had a problem with executions. There is a simple solution to your problem. Convert you acct to margin and keep over 25K in it. Then none of the day trading rules apply to you. You don't have to use the margin and if you don't, you pay no extra. Plus, if you make over 26 trades per quarter power e-trade is free. A very nice perk.
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MsPenny4

02/07/04 2:11 PM

#14233 RE: Georgia Bard #14195

Also want to add that they will charge commission for every order evenif you modify your order because of partial fill.

For example, if I want to sell a stock for .15 , 50k shares, and only 5k shares go through then I wait and modify the order to rest of 45k shares at .14, I will have to pay another commission and say only 5k shares went through at .14 and I have to modify the 40k shares left at .13, that is another commission.

Etrade is really bad for filling full order so you end up paying for alot of commission.

I had an order for 100k shares at .017 one day and only 5k shares was filled and I ended up paying commission on that!