Replies to post #5171 on The Next Online Brokerage - Built By You

[Paulie Cashews]

That may all be true, but how can anyone NOT join OCS and miss the opportunity to ride a few laps with Kenny in the OCS funnycar?



Does your monthly brokerage statement make you do more double-takes than the Marx Brothers at a Hawaiian-Tropic thong competition?

[LG]

WTMHouston: You left out of your conclusory analysis that the $39.95 or less base price also includes 600 free window trades a month. For many folks who have no need to hit a precise price to the penny at a precise moment and for whom a few cents one way or the other makes no difference, this would be extremely beneficial and far exceeds anything else that appears to be available from anyone else.


Window trades are trades that get executed at the market at the next earliest execution time of either at 11am or 2pm Eastern Time. So if the bottom begins to fall out of your stock (position) at say 2:01pm Eastern Time, your next available window trade would be at 11am Eastern Time on the next trading day.

Heck a delay like that could easily cost you a years worth of commissions (using E*Trade for example) for a moderate trader and a decade worth of commissions for a light trader. I just don’t see the attraction.

Could you help me out here and provide me with an example or examples of who would benefit from these window trades?

Thanks in advance...

Regards,
LG

PS: IMO, low commission don't mean anything unless you get consistently good to great fills and someone with authority easily accessed in person when something goes wrong.