Comments on: Get 20 Free Stock Trades With Zecco – Special Promotion Ends September 13 http://genxfinance.com/get-20-free-stock-trades-with-zecco-special-promotion-ends-september-13/ Helping a unique generation achieve financial independence. Fri, 10 Feb 2012 01:03:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Goran Web | Net Age http://genxfinance.com/get-20-free-stock-trades-with-zecco-special-promotion-ends-september-13/comment-page-1/#comment-121725 Goran Web | Net Age Thu, 03 Sep 2009 07:01:53 +0000 http://genxfinance.com/?p=1716#comment-121725 C, you raise a very pertinent point. You are right, there truly is no such thing as a free lunch! C, you raise a very pertinent point. You are right, there truly is no such thing as a free lunch!

]]> By: Title Insurance Florida http://genxfinance.com/get-20-free-stock-trades-with-zecco-special-promotion-ends-september-13/comment-page-1/#comment-121699 Title Insurance Florida Wed, 02 Sep 2009 06:46:15 +0000 http://genxfinance.com/?p=1716#comment-121699 I would say Zecco giving great deal 20 free stock trades is an outstanding offer and still ever not found such beneficial deal. I would say Zecco giving great deal 20 free stock trades is an outstanding offer and still ever not found such beneficial deal.

]]> By: C http://genxfinance.com/get-20-free-stock-trades-with-zecco-special-promotion-ends-september-13/comment-page-1/#comment-121655 C Mon, 31 Aug 2009 17:14:00 +0000 http://genxfinance.com/?p=1716#comment-121655 Hi Jeremy If I may, let me offer something to keep in mind whenever you see "free trades" offers. Disclaimer - I trade my own funds for a living (not a day trader), so I may have a different perspective than most. I never (repeat, NEVER) shop around for a broker for commission rates. I am more concerned with the fill price of my orders. Imagine if you and I are buying 100 shares of IBM at the same time. If my order gets filled at $99.50 and you get filled at $99.55...that extra 5 cents equates to $5 on our overall cost. Imagine if we're both buying 200 shares - then that difference is $10...and if we're buying 1000 shares, then that difference is $50. Which wipes out any perceived benefit of getting the commission-free trades! Does this happen? Hmmmm.....well, let's put it this way....I have two separate internet connections in my office and have multiple brokerage accounts. About every six months or so, I do a test where I place a market order for x # of shares of IBM with one very well-known brokerage...and simultaneously place the identical order with another very well-known (among traders) brokerage. I press enter at the same time for the orders. One would think that the NBBO would ensure that the price paid would be very very close....however, 9 out of 10 times, the very well-known brokerage gives a higher buy price...and a lower sell price whenever I run this test. Keep in mind - there is no free lunch. Hi Jeremy

If I may, let me offer something to keep in mind whenever you see “free trades” offers.

Disclaimer – I trade my own funds for a living (not a day trader), so I may have a different perspective than most.

I never (repeat, NEVER) shop around for a broker for commission rates. I am more concerned with the fill price of my orders. Imagine if you and I are buying 100 shares of IBM at the same time. If my order gets filled at $99.50 and you get filled at $99.55…that extra 5 cents equates to $5 on our overall cost. Imagine if we’re both buying 200 shares – then that difference is $10…and if we’re buying 1000 shares, then that difference is $50. Which wipes out any perceived benefit of getting the commission-free trades!

Does this happen? Hmmmm…..well, let’s put it this way….I have two separate internet connections in my office and have multiple brokerage accounts. About every six months or so, I do a test where I place a market order for x # of shares of IBM with one very well-known brokerage…and simultaneously place the identical order with another very well-known (among traders) brokerage. I press enter at the same time for the orders. One would think that the NBBO would ensure that the price paid would be very very close….however, 9 out of 10 times, the very well-known brokerage gives a higher buy price…and a lower sell price whenever I run this test.

Keep in mind – there is no free lunch.

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