Quote from coolweb:
I do use a $6.99 broker as well, Heres what I noticed
a) when I ( MKT order) , It takes awhile, sometimes badly filled, espically when its very volatile.
b) I would also (LMT order + 5 ticks) , this would keep my orders limited, but doesn't work great during volatile times, might get filled 1/2 partially.
c) The orders are delayed about 20 -30 seconds.
selling my flow?
If I'm trading $5 stocks X 30,000 stocks , the $6.99flat trade is well worth it.
At IB, I'd pay up the nose just for buying $150k of stocks, commissions would be $150 for 30,000 shares , $5 each.
Who also has this problem and moved to a $7.99 per trade mode? Could save me a lot of money like that.
