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Stock?

D

doma

Senior member
I am now going to just get into trading stock. I want to know which firm i should have an account with. All I want to do is trade on a daily basis. I want an account that has good reputation but a llow cost. Anyone have any good ones? As of now I am going with either Schwab, Sharebuilder, or e-trade.
 
Originally posted by: KillyKillall
Scott-Trade
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I hear scott-trade is pretty good, and their prices are of the lowest around.

I personally have Ameritrade, which is great and I have no complaints really. Trades could be a little cheaper, but $10.99/trade isn't bad at all
 
Originally posted by: PCMarine
Originally posted by: KillyKillall
Scott-Trade
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I hear scott-trade is pretty good, and their prices are of the lowest around.

I personally have Ameritrade, which is great and I have no complaints really. Trades could be a little cheaper, but $10.99/trade isn't bad at all
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agree, agree, and agree.

but Etrade may buy out Ameritrade completely, and MAY jack the prices up to Etrade level. However i doubt the latter will happen.
 
Interactivebrokers is the best for daytrading.

That said, know you're tax implications if you're going to daytrade casually because you can get royally screwed if you don't.
 
Your odds of making money are much better if you just buy Vanguard VFINX (S&P 500 index mutual fund) and let it sit for 10 years.
 
I no longer have any type of day trading accounts. Our economy isn't right currently for this type of activity. If you're young...just look to riskier stocks at this point, if not, secure it up in good paying mutual funds and/or staggered bonds.
 
Originally posted by: doma
how often do you all trade?
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Buy and hold mutual funds, add more shares a few times a year. I've sold shares exactly once in the last 5 years when I dumped Janus Worldwide to buy Vanguard's VEUREX.
 
Originally posted by: DaveSimmons
I've sold shares exactly once in the last 5 years when I dumped Janus Worldwide to buy Vanguard's VEUREX.
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How has that worked out? I haven't followed mutual funds altho I heard Janus took a significant dive a few years ago.
 
Originally posted by: doma
alright.geez
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well, your original question was how often do you trade... I've been doing it fulltime since the end of '98 and that's what I've always averaged. But its very tough now, no question about it.
 
Inexperianced + Day trading. how quickly are you determined to loose all of your money?
I don't mean to flame, it's just not a wise move. If you're just learning, try doing it with a portfolio manager on yahoo, fool, or morningstar, without real money. Make sure you take into account how fast transaction costs eat up any profits.
Good luck, and be careful 😉
 
Look for stocks that have taken a 30% drop in the previous trading day, buy it low, the owners will seek to fortify their position at the new price & there's a bump on the 2nd day, then when the investors realize it's a lost cause, they dump it all at a loss... You sell on the denial bump😀
 
Originally posted by: everman
Inexperianced + Day trading. how quickly are you determined to loose all of your money?
I don't mean to flame, it's just not a wise move. If you're just learning, try doing it with a portfolio manager on yahoo, fool, or morningstar, without real money. Make sure you take into account how fast transaction costs eat up any profits.
Good luck, and be careful 😉
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Great advice. :thumbsup:
 
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