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PureBytes Links
Trading Reference Links
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Yup. Friend of mine opened one of these when it was first announced (over a
year ago?). They cut him off after he reached a number of trades that about
equals the single bulk amount. You can bet that when a program like this has
been around awhile and it's not being used by lots of people, there's a catch.
In a message dated 9/10/01 12:12:29 PM US Mountain Standard Time,
tagteam@xxxxxxxxx writes:
> >If your a very active trader your saving tens of thousands of dollars in
> >commissions every year. Whats the catch????? Is there one??
>
> Yes, read the fine print which states that the service is not for
> daytrading or other excessive securities or option trading activity.
>
> Somehow, I have this sneaking suspicion that the definition of
> "excessive trading" is that amount of trading which will save you
> "tens of thousands of dollars in commissions every year".
>
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