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The beauty of daytrading firms= 10x leverage magnifying your percentage returns 10 fold.

According to Don and Rob, their firm's commissions are capped at $25 on one single order, even if that order results in several partials.

Got it. Thanks for the replies.

So the max is $25 on one order no matter how many shares I take it. So i assume if you put another order an hour later for 10,000 shares, that's another commission of $25?

Rob,thanks for your reply. So when does the commission on listed orders stop being a max of $25,when you do what?

In my opinion, i think it would be better for the trader to get the Island rebates. Starting March 1 , the ISLD rebate will be .0011 per share,an increase from .001 per share. So if you trade on ISLD,provide liquidity, and trade 1,000,000 shares per month, you'll get a check from Island for...

RTharp, how is it that Echo can charge ECN fees and Bright doesn't?

RTharp, i see that Echo charges a max of $25 per NYSE/AMEX trade. My question is: what if your order for 10,000 shares gets filled 4 separate times of 2500 shares each. Do you pay $25 total or would you pay a total of $100 if you are paying .01 a share?

Don, when you say you have a direct link to ISLD, do you mean that your traders can actually post a bid or offer to the ISLD book and show up on Level 2 under ISLD or does it mean that they can just trade with ISLD, as well as all the other ECN's,by taking their offers and hitting their bids via...

MSFT,QCOM,EBAY,VRSN,QLGC,NVDA,BRCM,VRTS,BRCD,and EMLX all offer excellent volatility.BRCD being the least expensive in the above list,second to VRSN, trades like stocks double its price most of the time.

So if you have to put up 10k to get 5x leverage at Echo, how much do you have to put up to get 10x leverage. And does the firm hold your initial deposit for 1 year before you can withdraw it?

FYI, REDI trading hours are: QQQ,SPY, DIA and NASDAQ stocks: 7:30am-8:00pm Listed stocks:7:30am-9:15am and 4:00pm-8:00pm I know ISLD, ARCA and INCA all trade listed during normal market hours, in addition to pre and post market as well. I'm not sure if MKXT,NTRD,BRUT,BTRD and ATTN trade...

Jem, what have you heard about trading in San Diego?

I used to only trade NYSE stocks where on that market you could only short on a plus tick or a zero plus tick. So it looks like from what i have read and learned, it is much easier to short a Nasdaq stock where you only need a plus tick bid to short at or below the bid.

Does the short sale uptick rule(like in the stock market) apply when shorting calls and puts? Does it matter if they are stock,stock index,interest rate or foreign currency options?

here is the correct link...http://www.hardrightedge.com/work/orderrouting.htm

DAT, you mention: "If the sell is below the bid, a normal ARCA order will try to hit the highest (inside) bids first using its normal routing sequence (internal match, direct ECNS, etc). If it does not get a match for the entire order, it will hit sucessively lower bids down to your limit price...

I heard that BRUT,BTRD,MKXT, and NTRD are proactive ECN's like ARCA and REDI from each of their websites listed at...http://daytradingstocks.com/ecn.html

Thanks for your replies. I understand Island much better now. Correct me if i'm wrong, if i'm now using ARCA to short a stock at a price below the bid , i understand that if the bid is an upbid, ARCA will hit all the ECN's and market makers at that upbid and then offer your remainder a penny...

So if the buyer gets price improvement by buying at your originally entered price when the current bid is a downbid, doesn't that violate the Nasdaq uptick rule since you are shorting the stock during a downbid? I would have figured that your short sale order that is now tracking a penny above...