Re: [CANSLIM] Trade Fee


From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] Trade Fee
Date: Tue, 15 Jul 2003 12:19:24 -0600

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I've got a WH account.  They now also charge account fees below a =
certain level.  Their fees are based on number of trades per quarter.  =
Seems like it takes a lot of trades to get below $17.95.   WH has great =
customer service, but since I rarely need it, I've toyed with closing =
WH.

I've been using Scottrade as well for about 9 months.  $7 trades or $12 =
for stop or limit orders.  They do have a nice alert system that WH does =
not.  All in all,  executions have been just as good as WH and I've been =
happy with Scottrade.

I've got accounts for IRA, Roth IRA, and after tax, so no trade is that =
big in terms of dollars.  I agree with Robert - the almost $20 round =
trip difference in commission is noteworthy, especially if trying to =
stick by the 7-8% max loss rule when initially in a stock.

 Rolf
  ----- Original Message -----=20
  From: RWElmer@aol.com=20
  To: canslim@lists.xmission.com=20
  Sent: Tuesday, July 15, 2003 11:42 AM
  Subject: Re: [CANSLIM] Trade Fee


  Hi Tomas,

  I use Firstrade. $6.95 for market orders. Few frills, but I don't need =
them. I trade small enough amounts, as I build up my portfolio, that =
those commissions make a big difference. Have been happy with the =
service and have been there a couple of years. FWIW.

  Robert W. Elmer
  Coldwell Banker First Shasta
  2837 Bechelli Ln.
  Redding, CA 96002
  RWElmer@aol.com
  221-9556 or 1-800-348-7939 ext.156
  www.robertelmer.com=20

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<BODY bgColor=3D#fffcf0>
<DIV><FONT face=3DArial size=3D2>I've got a WH account.&nbsp; They now =
also charge=20
account fees below a certain level.&nbsp; Their fees are based on number =
of=20
trades per quarter.&nbsp; Seems like it takes a lot of trades to get =
below=20
$17.95.&nbsp;&nbsp; WH has great customer service, but since I rarely =
need it,=20
I've toyed with closing WH.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I've been using Scottrade as well for =
about&nbsp;9=20
months.&nbsp; $7 trades or $12 for stop or limit orders.&nbsp; They do =
have a=20
nice alert system that WH does not.&nbsp; All in all,&nbsp; executions =
have been=20
just as good as WH and I've been happy with Scottrade.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I've got accounts for IRA, Roth IRA, =
and after tax,=20
so no trade is that big in terms of dollars.&nbsp; I agree =
with&nbsp;Robert -=20
the almost $20 round trip difference in commission is noteworthy, =
especially if=20
trying to stick by the 7-8% max loss rule when initially in a=20
stock.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;Rolf</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DRWElmer@aol.com =
href=3D"mailto:RWElmer@aol.com">RWElmer@aol.com</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 15, 2003 =
11:42=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Trade =
Fee</DIV>
  <DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial=20
  size=3D2></FONT><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 =
face=3DArial=20
  size=3D2 FAMILY=3D"SANSSERIF">Hi Tomas,<BR><BR>I use Firstrade. $6.95 =
for market=20
  orders. Few frills, but I don't need them. I trade small enough =
amounts, as I=20
  build up my portfolio, that those commissions make a big difference. =
Have been=20
  happy with the service and have been there a couple of years.=20
  FWIW.<BR><BR><B>Robert W. Elmer<BR>Coldwell Banker First =
Shasta<BR>2837=20
  Bechelli Ln.<BR>Redding, CA 96002</B><BR></FONT><FONT lang=3D0=20
  style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#0080ff =
size=3D2=20
  FAMILY=3D"SANSSERIF"><B>RWElmer@aol.com</FONT><FONT lang=3D0=20
  style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#000000 =
size=3D2=20
  FAMILY=3D"SANSSERIF"></B><BR></FONT><FONT lang=3D0=20
  style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#0000ff =
size=3D2=20
  FAMILY=3D"SANSSERIF"><B>221-9556 or 1-800-348-7939 ext.156</FONT><FONT =
lang=3D0=20
  style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#000000 =
size=3D2=20
  FAMILY=3D"SANSSERIF"></B><BR></FONT><FONT lang=3D0=20
  style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#800080 =
size=3D2=20
  FAMILY=3D"SANSSERIF"><B>www.robertelmer.com</B></FONT>=20
</FONT></BLOCKQUOTE></BODY></HTML>

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