Best Online Brokerage for a Daytrader??

[BaboonGuy]

Right now I'm signed up with Schwab, and I really want to get into some daytrading to make some money. However, the other day I made a little purchase of ATI and I made about 15%. I didn't invest much and after the $60 commision by Schwab I only had made about $100! That really pissed me off, so I'm lookin for a new brokerage. I really need something with low commisions and fast/guarenteed order executions. All you traders out there help me out!

 

[Hector13]

Originally posted by: BaboonGuy
Right now I'm signed up with Schwab, and I really want to get into some daytrading to make some money. However, the other day I made a little purchase of ATI and I made about 15%. I didn't invest much and after the $60 commision by Schwab I only had made about $100! That really pissed me off, so I'm lookin for a new brokerage. I really need something with low commisions and fast/guarenteed order executions. All you traders out there help me out!

jeez, people still day trade?? If it's for "fun", I can understand, but what makes you think you can beat all the other "big players" in the game who will probably have access to much better/timelier information that you will? I gotta believe that your long term expected profit has to be negative (you know, that whole "effecient market" nonsense?).

If you are really interested, check out:

InteractiveBrokers.com
cybertrader
Scottrade
Ameritrade

I think most of these will allow you to use some sort of leverage (4 to 1, I think), but you may need to put some money down.

 

[stev0]

preferred trade.

i use preferred trade 6 when i'm in the office.

 

[BaboonGuy]

bump^

 

[Zim Hosein]

http://www.ameritrade.com/

 

[Hector13]

Originally posted by: BaboonGuy
bump^

is there anything in particular you don't like about the brokers mentioned above? They are all pretty cheap.