Best website to day trade small amounts of money?

I am confused by this response.

I will pretend it didn't happen.

Anyone else have any suggestions? I didn't think playing around with small amounts of money in the stock market as a hobby would make me go crazy.

many sites have "model" portfolios if you just want to play around.

In general, get rich quick does not work long term.

Take your money and invest it for the most part.

I dabble in individual stocks and options, but most of my money is in diversified ETF's, etc.

you really can't make $50 trades and have a chance to make money. Absolutely lowest commissions will be $5/trade. In and out will cost you 20%.

I use Fidelity ($8/trade) and like the site very much. There are cheaper ones out there, but they won't offer research, yield tracking, etc.

Nothing wrong with you getting your feet wet and learning about investing. Just know the odds are stacked against you in a big way. There are thousands of people paid big bucks using big computers to find the deals. If you think you can beat them all, go for it.

And yes, you can do it. I've beat the market consistently for the last 10 years, but that will probably result in me becoming overconfident and getting wiped out this year

Also, I've got a Schwab account. They have a lot of commission free ETFs. That may be an option for you.

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FWIW, you can't day trade small amounts of money without getting a letter from the SEC and getting your account frozen.

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Woops, sorry SEC, and thank you for giving me a reason to quit before I lose all my money.

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you can't day trade small amounts of money without getting a letter from the SEC and getting your account frozen.

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Nice point, I did not know that.

But just as with anything else, trading isn't free and if you play penny ante poker you will be entertained for awhile but eventually the cost of trading will eat you up.

There isn't honestly. I'd say the minimum reasonable trade to where commissions aren't a factor is at least 500. If you want to day trade I'd say more like 2000+

I agree with all of the points in this thread. That said, I use Sharebuilder and it's $6.95 per trade.

I did about a week's worth of research on the Dow, picked 3 stocks to get in on, and put $500 in an etrade account. I bought Alcoa, Bank of America, and something else. Maybe HP. I don't remember. Either way, I looked at how they rolled, and picked them based on being down and expected them to rise. They were like $8 to $11 a share, and one eventually hit the number. The Bank ofAm stock eventually was pulled off the exchange, and I'm still waiting for Alcoa to get there. So long story short, if you're patient or don't care about sitting there on money, you'll eventually make like a dollar or two.