Re: [CANSLIM] Trade Fee

From: "Robert Gammon" <rgammon51@yahoo.com>
Subject: Re: [CANSLIM] Trade Fee
Date: Tue, 15 Jul 2003 13:02:18 -0500 (CDT)

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Tomas,
   E-Trade charges different commissions depending on how many 
trades you make with them per quarter.  Frenetic traders who make 
several trades every day may be able to qualify for that 
$9.95/trade figure.  Most of the rest of us will pay that $22.

Robert Gammon
Houston, TX

On Tue, 15 Jul 2003 10:58:55 -0700 (PDT), Tomas wrote:

>Marc,
>
>E-Trade advertise the fee as a flat fee of $9.99. 
>What do you mean by Market trade is $19.99 plus $3? 
>market trade = market order?  Are you saying that a
>regular trade will cost you $22.99 instead of $9.99?
>
>tomas
>
>--- Marc Deiter <dites@yahoo.com> wrote:
>> Tomas,
>> 
>> I currently use E-Trade, but am looking to switch. 
>> SmartMoney
>> magazine in it's August issue reviews the Basic
>> Discount Brokers and
>> Premium Discount Brokers.  For the Basic Discount
>> category, E-Trade
>> is stated as having "the highest fees of the bunch".
>>  Market trade
>> commissions at E-Trade run $19.99 plus a $3 fee,
>> total of $22.99.  TD
>> Waterhouse was ranked #1 in the Basic Discount
>> category, even with
>> the $17.95 market trade commission.
>> 
>> The article commented on Firsttrade
>> (www.firstrade.com) as "cheap
>> trades and great execution, but that's about it". 
>> The listed
>> commission for a market trade was $6.95.
>> 
>> Marc
>> 
>> --- Tomas <tomas986@yahoo.com> wrote:
>> > Hi All,
>> > 
>> > I just noticed that TDwaterhouse (my brokerage)
>> jacked
>> > up the trade fee from $12 to $17.95.  So, just
>> > curious, what do you guys pay for your commission
>> fee
>> > (what brokerage).  I know that you get what you
>> pay
>> > for, but using CS I do not use any of the
>> brokerage
>> > services (research,...).  I have all the tools I
>> need
>> > already.  I am only interested in good execution
>> and
>> > low fees from a brokerage.  Or maybe I am missing
>> out
>> > on some of the services that the brokerage is
>> > providing.
>> > 
>> > inputs?
>> > 
>> > Thanks,
>> > tomas
>> > 
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Robert Gammon
Houston, TX


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