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Quick Question

bigmike said: "When a broker says that you have to make at least 10 trades per month to get a certain rate does 1 trade count as a buy and sell or just a buy or sell?"

Rbreb13 said: "Maybe? Ask the broker."

bigmike said: "My broker is eTrade if that helps anyone."

dumaman said: "I use Etrade, and I have too make 30 trades a quarter too keep etrade pro statis.. each trade counts as one.. So if i buy abc stock.. and sell abc thats 2 trades.. ext.."

thezster said: "[QUOTE=dumaman]I use Etrade, and I have too make 30 trades a quarter too keep etrade pro statis.. each trade counts as one.. So if i buy abc stock.. and sell abc thats 2 trades.. ext..[/QUOTE] Duma is right on.. buy = 1........... sell = 1......"

bigmike said: "ok. thats what I thought but just wanted to check because I was thinking of finally upgrading to get a cheap price per trade but just wanted to make sure I would meet the requirements that eTrade had set."

thezster said: "If your considering switching to E-Trade.. be sure to check out their introductory offer.... I don't know the details - and there is probably a minimum deposit - but I read somewhere they are currently offering 100 free trades to new accounts.. Maybe I should close one of mine and re-open it??"

bigmike said: "Nope, I have had the basic account for the past 2 years now and I was thinking of going for something that gave me cheaper prices for the amount of trades I do so I wouldn't lose so much each time I trade."

thezster said: ""Going for something" is nothing more than increasing the number of trades/quarter. I have to requalify every quarter for my level - though, the rare times that I haven't met the minimum - they grant me status as a favor to my years of sticking with them."

bigmike said: "as of right now I am almost making the amount of trades that are required per quarter so I thought if I took some of the smaller trades that I have found I could qualify for the next step up."