thus spoke joe moglia, ceo of ameritrade, who was on cnbc this morning. said: 1) the avg ameritrade customer does 14 trades a year. 2) he believes 95% of the people who daytraded in 99/00 blew themselves out. he said "daytraders make 200-300 trades *a day*". i can't think of one daytrader who'd be on ameritrade to daytrade. maybe the company they bought (datek), but definitely NOT ameritrade. i don't make anywhere near 200 trades a day, am definitely a daytrader, and would never, *ever* consider ameritrade as my broker.