Re: [CANSLIM] Trade Fee

From: Marc Deiter <dites@yahoo.com>
Subject: Re: [CANSLIM] Trade Fee
Date: Tue, 15 Jul 2003 11:14:07 -0700 (PDT)

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Tomas,

The number of trades to get the lower commission is 26 per quarter, I
believe.  E-Trade also list's a price of $14.95 for market orders but
I'm not clear on what this is for.  I do not trade often enough to
get the lower rates, all of my trades have been $22 and change, each
way.

Marc

- --- Robert Gammon <rgammon51@yahoo.com> wrote:
> 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
> >> > 
> >> > __________________________________
> >> > Do you Yahoo!?
> >> > SBC Yahoo! DSL - Now only $29.95 per month!
> >> > http://sbc.yahoo.com
> >> > 
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> >__________________________________
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> 
> Robert Gammon
> Houston, TX
> 
> 
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