quote:
Russian - Who is your online broker? How much commission do you pay per trade? Do they give discounts (or other benefits) to high volume traders like yourself?

I use the trading platform provided by Charles Schwab, StreetSmartEdge, for most of my accounts.

Awhile back I put my largest account with TDAmeritrade just so that I would not have all of my eggs in one basket, so to speak.
TDA provides a platform called "ThinkOrSwim."

Schwab's standard fee is $8.95/trade, buy or sell. They charge me $6.95/trade.

TDA is $9.95/trade. I pay $7.95/trade. While TDA has my largest account, that account is part of my non-frequent trading portfolio so the slightly higher fee by TDA is not important since I do so few trades in that account.

quote:
(or other benefits

Well, when I moved my one account to TDAmeritrade they had a promotion at the time giving gift cards based on the balance amount transferred to them.

I got $2,500 in gift cards ($1,000 to Home Depot and $1,500 to Best Buy.) That's the only benefit I got for moving the account to them.

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Posted by Vrai

Baton Rouge

Member since Nov 2003

3898 posts

Posted on 7/17/13 at 8:08 pm to LSURussian

I bought a bunch of silver when it was $13.69
I've still got it
I kick myself in the arse daily

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Posted by Zilla

Member since Jul 2005

10599 posts

Posted on 7/17/13 at 9:21 pm to LSURussian

So Russian, if it hadn't moved up .8%, what would your sell strategy have been? If it opened .8% lower tomorrow what would you have done? is it just you like it at the price for a hold of some period, but if you happen to make 1% in an hour you go ahead and trade it?

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