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Started By
Message
stacked some cash for trading..what website do yall use?
Posted on 2/7/12 at 9:37 pm
Posted on 2/7/12 at 9:37 pm
Ameritrade, e-trade, etc... anyone have any opinions? Tips? Im looking to get into some trading. I've been setting up my retirement and.moving money within my company but am.looming to branch out slowly. I've put together some cash in a separate checking account specifically for trading online. Any ideas or opinions are more than welcome. I am anodic to The worldnof e trading.
Thanks
Thanks
4
Posted on 2/7/12 at 11:39 pm to thejudge
I have accounts with fidelity, etrade and scottrade and etrade is the best, IMO.
Scottrade is the cheapest per trade, but it's not enough to make a big enough of a difference.
Scottrade is the cheapest per trade, but it's not enough to make a big enough of a difference.
Posted on 2/7/12 at 11:43 pm to TheHiddenFlask
I use etrade and it has a really awesome iphone app.
Posted on 2/8/12 at 5:23 am to reb13
i use scottrade, and have no complaints, also has a nice mobile app
Posted on 2/8/12 at 7:47 am to thejudge
I have a Scottrade account but I only have one holding at this time with no activity, so for me this is the best deal (no inactivity fees).
Posted on 2/8/12 at 8:05 am to thejudge
i use sharebuilder it's ok but dont trade enough to warrant changing...i have friends that really like interactive brokers, you can trade as low as $1 per trade with them.
Posted on 2/8/12 at 8:44 am to thejudge
Fidelity
But Im a long-term mutual fund guy so I dont know about daily trading.
But Im a long-term mutual fund guy so I dont know about daily trading.
Posted on 2/8/12 at 9:25 am to Hung like Mule
I use td ameritrade $10 a trade, they use a lot of 3rd party research which helps quite a bit no complaints here
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
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 ?
Posted on 2/8/12 at 11:45 am to TheDirty1
quote:
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 ?
Exactly what I was thinking because if you say invest 2000 you take off half a percent when you buy and when you sell. So you have to clear at least 1 percent to make a gain. The more you invest the lower your break even percentage is.
Posted on 2/8/12 at 12:30 pm to reb13
Ill have to pry him on the specifics. Thanks for all The input. I am new to this and figured the only way to really study and learn is to put a little money in it. Much like football pools on the super bowl. Wasn't going ti watch the game until I put $100 down.
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