Etrade and Ameritrade, or just Etrade?

[hellfreeze]

Let's say you had X amount of money to invest....and all in one stock...would you...

• Invest half in Etrade, half in Ameritrade - Etrade may not execute at your limit price, but Ameritrade might, and vice versa

OR...

• Invest all in Etrade

Debating the two. There are pro's and con's to both...just curious what you guys would do.

 

[AlienCraft]

Originally posted by: hellfreeze
Let's say you had X amount of money to invest....and all in one stock...would you...

• Invest half in Etrade, half in Ameritrade - Etrade may not execute at your limit price, but Ameritrade might, and vice versa

OR...

• Invest all in Etrade

Debating the two. There are pro's and con's to both...just curious what you guys would do.

Neither, I would buy through www.sharebuilder.com

 

[daclayman]

I hate Etrade's fees, but you can quasi-daytrade with Etrade. Once you click thru a transaction, cash is available for use. No waiting for clearing house crapola; you's be buying more stuffz. I'll be up in 6 hours playing RBAK

 

[dartworth]

Redback is only .80 cents...damn

 

[hellfreeze]

Originally posted by: daclayman
I hate Etrade's fees, but you can quasi-daytrade with Etrade. Once you click thru a transaction, cash is available for use. No waiting for clearing house crapola; you's be buying more stuffz. I'll be up in 6 hours playing RBAK

aye. if etrade is lax on that, then etrade it is

i found a stock (i'll disclose it only by PM maybe) where daily it fluctuates between .0011 and .0013...with weekly spikes. now, u do the math on .0011 and .0013 using 1 grand, 3 grand, 5 grand, etc

 

[hellfreeze]

i'll be nice and give out one stock idea...check out WGFL...yahoo WGFL.OB

 

[pillage2001]

Originally posted by: hellfreeze
i'll be nice and give out one stock idea...check out WGFL...yahoo WGFL.OB

What's the deal with this??

I'll be nice and give out this. MOBL.

 

[ReiAyanami]

if you mean which company you should invest in and buy stock of then both (AMTD and ET on the NASD). as diversifying is better.

if you mean which company you should open an account with, neither. (or Ameritrade if u had to pick). Datek was awesome until Ameritrade merged with them. Etrade was always overpriced and relatively slow in executing transactions, and the interface is just awful and clumsy. Etrade's interface back a few years ago was nice, but now its just cluttered (they pulled an eBay). i would recommend Scottrade although i've never used them once, but they have the cheapest $7 trades so...

Yahoo's stock quote page used to be streamlined but a few weeks ago they decided to clutter it with useless crap. Why do these web companies always redesign their pages so that their cluttered and hard to use? can't they learn anything from google?!

 

[ReiAyanami]

if ur talking in terms of executions, overall Ameritrade is better because they are with Island ECN. Etrade does give you the option of All Or None limit orders, which also hides it from the level II, but the spread probably doesn't warrant the twice as much commission fee if you were serious about exiting a position anyway.

 

[pillage2001]

I use Scottrade. They're fast in executing your transactions and transactions for anything above 1.00 is 7 bucks. They have a low startup margin which is at 500 bucks.

 

[Maximin]

Originally posted by: pillage2001
I use Scottrade. They're fast in executing your transactions and transactions for anything above 1.00 is 7 bucks. They have a low startup margin which is at 500 bucks.

 

[Hector13]

Originally posted by: ReiAyanami
if you mean which company you should invest in and buy stock of then both (AMTD and ET on the NASD). as diversifying is better.

buying two stocks (which are in the same industry, no less) doesn't really count as diversifying.

 

[Miramonti]

Originally posted by: Hector13

Originally posted by: ReiAyanami if you mean which company you should invest in and buy stock of then both (AMTD and ET on the NASD). as diversifying is better.

buying two stocks (which are in the same industry, no less) doesn't really count as diversifying.

lol

 

[hellfreeze]

Originally posted by: pillage2001
I use Scottrade. They're fast in executing your transactions and transactions for anything above 1.00 is 7 bucks. They have a low startup margin which is at 500 bucks.

how are they with semi day-trading?

 

[pillage2001]

Originally posted by: hellfreeze

Originally posted by: pillage2001
I use Scottrade. They're fast in executing your transactions and transactions for anything above 1.00 is 7 bucks. They have a low startup margin which is at 500 bucks.

how are they with semi day-trading?

Semi day trading??? What do you mean by that?? Once you have an account with them, you can log on and day trade whenever you want.

 

[hellfreeze]

Originally posted by: pillage2001

Originally posted by: hellfreeze

Originally posted by: pillage2001
I use Scottrade. They're fast in executing your transactions and transactions for anything above 1.00 is 7 bucks. They have a low startup margin which is at 500 bucks.

how are they with semi day-trading?

Semi day trading??? What do you mean by that?? Once you have an account with them, you can log on and day trade whenever you want.

at ameritrade they have some regulations for daytrading....something like u gotta have a "permit" or whatever. i'm just wondering if scottrade is anal about day-trading. my bro got kicked out of td waterhouse for daytrading, so i know td waterhouse is anal

and by semi-day trading i mean buy monday, sell tuesday. buy thursday, sell friday. wondering if they would catch onto that

 

[TranceNation]

you need to have at least $25k to daytrade (at least that's true for ameritrade).

btw, i checked out some of the penny stocks listed in this thread.... very dangerous games guys. I'm convinced that %90 of penny stocks are just pump and dumps scams. I would avoid them and play with small cap stocks instead.

 

[daclayman]

semi-daytrading = you can buy and sell the same security in the same trading session up to 4 times in 5 business days. It can be different stocks but any more than 4 buy/sells in 5 business days and you are classified as a 'pattern day trader'. Then you must have $25k in your account (I think a combo of cash and/or margin).

http://www.daytradingworld.com/day_trading_rules.html


So, if you have an online broker that doesn't require funds to be cleared before making another trade (Etrade), you can buy, sell, buy in the same day with all of your funds. Ameritrade looked attractive until the guy laughed at me when I asked him if funds were immediately available and then he told me the SEC is trying to phase out this kind of activity. scottrade is the same way. Clearing takes about 3 days.


edit: www.level2quotes.com <---- and buy some RBAK today; I want out

edit2: Etrade is $14.95 for market orders, $19.95 for limits and stops - it used to be a 5000 share max then a per share cost but I've put in 10k share orders and it shows me a $19.95 limit order cost + $3 <???> fee. So $22/trade, $44 to get in/out; I don't think I've EVAAR used a market order.