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re: stacked some cash for trading..what website do yall use?
Posted on 2/8/12 at 9:40 am to b-rab2
Posted on 2/8/12 at 9:40 am to b-rab2
Thanks y'all. Is it best to trade small amounts often? A buddy of mine swears he will stop a couple grand on something and once it pops anit, pull out and repeat. Told me he keeps $5k in his online account and everything over goes.to his checking account for this only. Its become his.hobby. in and out like the hokey poker. I will say he bullshits alot so im not sure if I believe all this crap. He's the type to win a bit at the boats but claim he was "way up" and just missed but always comes out ahead....so he says. I do like the phone app on etrade
1
Posted on 2/8/12 at 11:33 am to thejudge
I use Interactive Brokers and am pleased with it. I also have an Etrade account and would recommend you going that route. The whole Etrade site is geared more toward what you are trying to do. It's easy to navigate and do your research. Be careful though its easy to lose money in the market. I suggest setting up a paper money account (simulation account) until you get a feel of how everything works.
As far as your buddy's method... In theory that sounds easy to do. What is he calling a pop? 5%? 10%? How long is he typically in a trade? And how much do you mean when you say small amounts? $5,,000 ?
As far as your buddy's method... In theory that sounds easy to do. What is he calling a pop? 5%? 10%? How long is he typically in a trade? And how much do you mean when you say small amounts? $5,,000 ?
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