Online Trading Sites - Who's better? - GoFuckYourself.com

SykkBoy · 04-16-2010, 05:56 PM

I'm getting ready to dip my toes into some online trading. Who is the best site to use? E-Trade? Ameritrade? Someone else?

I'm looking for someone that won't nickle and dime me to death with extra charges and fees for little things. I'm also looking for decent service.

LoveSandra · 04-17-2010, 03:49 AM

see my sig

SykkBoy · 04-17-2010, 08:57 AM

Quote:

Originally Posted by LoveSandra

see my sig

are you fucking retarded?

candyflip · 04-17-2010, 09:07 AM

I've been with etrade forever.

Have you checked out Scottrade?

Forest · 04-17-2010, 09:16 AM

been with a few my entire portfolio is with ameritrade now

woj · 04-17-2010, 09:33 AM

tdameritrade is probably the best one at a reasonable price

fatfoo · 04-17-2010, 09:41 AM

For Canadian bonds and GICs and stock exchange - https://www.bmoinvestorline.com/

famous · 04-17-2010, 09:41 AM

I use TDAmeritrade as well. Used them for 2 years when i first started. They charge a flat rate of 9.99 per trade and no % fees. They also charge only 9.99 even when you trade pre or post market, thats a important factor becuase most charge more.

DaddyHalbucks · 04-17-2010, 09:52 AM

What do you think of Schwab?

SykkBoy · 04-17-2010, 09:53 AM

Quote:

Originally Posted by candyflip

I've been with etrade forever.

Have you checked out Scottrade?

I've been looking into that site as well. It was mentioned on another board, so going through that site, etrade and ameritrade to see what I want to do...I might even go with 2 of them and see which does best, then switch to the one I like better.

SykkBoy · 04-17-2010, 09:54 AM

Quote:

Originally Posted by DaddyHalbucks

What do you think of Schwab?

I hadn't really thought about them. I'll check them out and see what they have to offer

Bman · 04-17-2010, 10:45 AM

In the US Scottrade is a good option. has great charts. transfer money in and out easily no bs.
I would look at all of them and then find the one with the closest office near you. That way you can walk in and either drop of your check or pick one up.

Its not all about $7.99 trades vs 9.99 trades...

TMM_John · 04-17-2010, 11:06 AM

Quote:

Originally Posted by SykkBoy2

I'm getting ready to dip my toes into some online trading. Who is the best site to use? E-Trade? Ameritrade? Someone else?

I'm looking for someone that won't nickle and dime me to death with extra charges and fees for little things. I'm also looking for decent service.

Are you looking to trade or are you looking to invest. Two totally different things needing two totally different services (and being fit best by different online brokerages).

buttfreak · 04-17-2010, 11:51 AM

I would go with interactivebrokers.com. You need to have a minimum of 10K to open an account but they have one of the lowest fees in the industry, low margin rates, and you can short most penny stocks if you are into that.

EscortBiz · 04-17-2010, 12:07 PM

for day trading tdameritrade is real good, their streamer app etc makes it real easy to go in and out and do tons of round trips all day at 9.99

im not a pro but here is some advice

a) only use your money to buy stocks when you start out, this way should a trade go the wrong way you are not forced to sell

b) stick to solid companies, to many times people get lurned into these silly stocks just because of their silly lottery style math. For example you see a tip online "buy crap.pk for 0.7 a share" you take out the calculator you figure out you can buy 500,000 shares and that means even if it goes up 5 cents you will make $25000, dont fall for this stuff, this is how people lose it all. Now do some make money? yeah, but some people also win the powerball.

c) do not become a price chaser, pre buy and presell, this means if say you look at MSFT and its at $30 a share and you say to yourself, when I see it at $29.50 ill buy, then pre set that in your account, or else you will be chasing stuff all day. Same once you own it and you say "ill sell it at 30.25" preset that, so it sells and you dont have your emotions playing with you and your money.

Its like if there would be a auto eject button in a casino that you can set that as soon as you make $500 it shoots you out of the place, more people will leave with money.

In order to make big money in the market short term you need big money, the more shares the less you need something to go up in order for you to make money.

Lets use a real example:

Joe has $10,000 in his account he buys citibank at 4.50, he can buy approx 2223 shares. if C goes up 5 cents he makes about 111 bucks, minus 20 bucks or so trading fees etc.

John has $50,000 he buys 11,115 shares, if citi goes up 5 cents he makes $555 dollars

BUT here is the kicker, john also can lose more but on a positive note dont even have to wait for it to go up to 5 cents even at 3 cents he can quickly get in and out

when you have to start waiting because you have little trading money you are setting yourself up for losses, in these days quick in and out gives you the best chace of winning

so

use your own money
use lots of money (obviously play and learn on little money, but be ok to lose a few K learning)
buy solid companies
pre buy and pre sell, take emotions out of things

a few other things to learn to make extra money (risky and for more advanced traders) learn about options

also learn about dividends, learn about ex dates and to quickly find high div paying stocks simply google high dividend paying stocks sites like http://www.dividenddetective.com/big_dividend_list2.htm

it really takes money to make money in the market, thats why there are over 8000 hedge funds, they understand you must group together big cash and take big positions to see big returns.

The motivational stories about people who started with nothing and make millions leave to the old ladies.

Also remember, most people never buy stocks when the stock price is down, but history has shown only those who gamble at that time see the biggest return

TMM_John · 04-17-2010, 12:28 PM

Quote:

Originally Posted by EscortBiz

for day trading tdameritrade is real good, their streamer app etc makes it real easy to go in and out and do tons of round trips all day at 9.99

im not a pro but here is some advice
...

Wow, sound advice on GFY? I must have entered the wrong URL when I came here!

JackJones75 · 04-17-2010, 12:37 PM

There are lots of options now.
Here's what people are saying at this trading review site: Best online discount stock brokers with cheapest, lowest commissions

If you plan on being an active day trader, you might want to consider opening up a real-time simulation trading account first to practice,
especially if you're going to be trading futures which are highly leveraged and can make you go broke real quick.
Again, here's what the trading community says about that: Best site to open a practice day trading demo account

_______________________

JackJones75 · 04-17-2010, 12:38 PM

Personally, I use Interactive Brokers which is dirt cheap for futures, options, bonds, and forex. But the customer service sucks very large balls. And if your computer were ever to crash during a extremely high volume period and you wanted to get out of a stock, you can't easily call them to make a broker-assisted trade.

paymeback · 04-17-2010, 12:42 PM

You don't mention what type of trading but when you think you are "ready to dip your toes in it" go back and study for 6 more months.

Stick whatever money you were going to play with into a norisk investment account, get stuck into studying more whichever type of trading you want to do, use practice accounts/play competitions etc to get used to the real market trading.. otherwise you are just going to burn a hole in your pocket

DateDoc · 04-17-2010, 12:43 PM

A friend of mine day trades using http://www.mbtrading.com/

HandballJim · 04-17-2010, 05:13 PM

I don't recommend day trading, but swing trading you can make some money. I would study charts and look for confirming breakouts (buy) or breakdowns (sell short). The problem is you need to be in front of the computer all day...and buy and sell orders are not full proof anymore due to pre market and after market trading. Your order to buy or sell is only good during normal trading hours. for example you own apple at $100 a share (you have a sell stop order in at $95) earnings come out after hours and they are good but not great...stock goes down $25 in after hours...so your stop sell order was useless.

When I traded a lot I would look at volume and news that was great...so I would buy pre-market and sell when the market opens for a gain. A lot of people are just getting to their desks at work they hear the news and buy...stock goes up and I'm out already before it goes back down.

I also recommend learning Japanese Candlestick charts and technical analysis. Oh and don't listen to those clowns on CNBC and follow the heard of other bad investors.

Even pro traders lose in the market otherwise they would not be still working for hedge funds but trading for themselves at home.

I am going to recommend 2 websites study them and learn and you will make money.

http://tradermike.net/

http://www.thekirkreport.com/

I like etrade and go with their Pro trading platform for great tools.

04-16-2010, 05:56 PM	#1
SykkBoy Jesus loves bacon Industry Role: Join Date: Feb 2001 Location: Sin City, Motherfucker Posts: 19,969	Online Trading Sites - Who's better? I'm getting ready to dip my toes into some online trading. Who is the best site to use? E-Trade? Ameritrade? Someone else? I'm looking for someone that won't nickle and dime me to death with extra charges and fees for little things. I'm also looking for decent service. __________________ Support my new movie “The Second Coming”

04-17-2010, 09:33 AM	#6
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	tdameritrade is probably the best one at a reasonable price __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

04-17-2010, 09:41 AM	#7
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	For Canadian bonds and GICs and stock exchange - https://www.bmoinvestorline.com/ __________________ Send me an email: [email protected] Last edited by fatfoo; 04-17-2010 at 09:44 AM..

04-17-2010, 09:52 AM	#9
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	What do you think of Schwab? __________________ Boner Money

04-17-2010, 10:45 AM	#12
Bman Confirmed User Industry Role: Join Date: Aug 2003 Location: Redirecting your traffic Posts: 1,679	In the US Scottrade is a good option. has great charts. transfer money in and out easily no bs. I would look at all of them and then find the one with the closest office near you. That way you can walk in and either drop of your check or pick one up. Its not all about $7.99 trades vs 9.99 trades... __________________ ICQ 228211529

04-17-2010, 03:49 AM	#2
LoveSandra So Fucking Banned Join Date: Aug 2008 Location: Just Blow Me Posts: 10,551	see my sig

04-17-2010, 09:07 AM	#4
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,063	I've been with etrade forever. Have you checked out Scottrade?

04-17-2010, 09:16 AM	#5
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 8,981	been with a few my entire portfolio is with ameritrade now

04-17-2010, 09:41 AM	#8
famous Confirmed User Join Date: May 2002 Posts: 674	I use TDAmeritrade as well. Used them for 2 years when i first started. They charge a flat rate of 9.99 per trade and no % fees. They also charge only 9.99 even when you trade pre or post market, thats a important factor becuase most charge more.

04-17-2010, 11:51 AM	#14
buttfreak Registered User Join Date: Jul 2003 Location: Southern Cali Posts: 77	I would go with interactivebrokers.com. You need to have a minimum of 10K to open an account but they have one of the lowest fees in the industry, low margin rates, and you can short most penny stocks if you are into that.

04-17-2010, 12:07 PM	#15
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	for day trading tdameritrade is real good, their streamer app etc makes it real easy to go in and out and do tons of round trips all day at 9.99 im not a pro but here is some advice a) only use your money to buy stocks when you start out, this way should a trade go the wrong way you are not forced to sell b) stick to solid companies, to many times people get lurned into these silly stocks just because of their silly lottery style math. For example you see a tip online "buy crap.pk for 0.7 a share" you take out the calculator you figure out you can buy 500,000 shares and that means even if it goes up 5 cents you will make $25000, dont fall for this stuff, this is how people lose it all. Now do some make money? yeah, but some people also win the powerball. c) do not become a price chaser, pre buy and presell, this means if say you look at MSFT and its at $30 a share and you say to yourself, when I see it at $29.50 ill buy, then pre set that in your account, or else you will be chasing stuff all day. Same once you own it and you say "ill sell it at 30.25" preset that, so it sells and you dont have your emotions playing with you and your money. Its like if there would be a auto eject button in a casino that you can set that as soon as you make $500 it shoots you out of the place, more people will leave with money. In order to make big money in the market short term you need big money, the more shares the less you need something to go up in order for you to make money. Lets use a real example: Joe has $10,000 in his account he buys citibank at 4.50, he can buy approx 2223 shares. if C goes up 5 cents he makes about 111 bucks, minus 20 bucks or so trading fees etc. John has $50,000 he buys 11,115 shares, if citi goes up 5 cents he makes $555 dollars BUT here is the kicker, john also can lose more but on a positive note dont even have to wait for it to go up to 5 cents even at 3 cents he can quickly get in and out when you have to start waiting because you have little trading money you are setting yourself up for losses, in these days quick in and out gives you the best chace of winning so use your own money use lots of money (obviously play and learn on little money, but be ok to lose a few K learning) buy solid companies pre buy and pre sell, take emotions out of things a few other things to learn to make extra money (risky and for more advanced traders) learn about options also learn about dividends, learn about ex dates and to quickly find high div paying stocks simply google high dividend paying stocks sites like http://www.dividenddetective.com/big_dividend_list2.htm it really takes money to make money in the market, thats why there are over 8000 hedge funds, they understand you must group together big cash and take big positions to see big returns. The motivational stories about people who started with nothing and make millions leave to the old ladies. Also remember, most people never buy stocks when the stock price is down, but history has shown only those who gamble at that time see the biggest return __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

04-17-2010, 12:37 PM	#17
JackJones75 Confirmed User Join Date: Oct 2006 Posts: 997	There are lots of options now. Here's what people are saying at this trading review site: Best online discount stock brokers with cheapest, lowest commissions If you plan on being an active day trader, you might want to consider opening up a real-time simulation trading account first to practice, especially if you're going to be trading futures which are highly leveraged and can make you go broke real quick. Again, here's what the trading community says about that: Best site to open a practice day trading demo account _______________________ __________________ Canadian Mortgage Rates How to day trade E-mini futures How To File For Bankruptcy In Michigan Six Sigma Certification Training

04-17-2010, 12:38 PM	#18
JackJones75 Confirmed User Join Date: Oct 2006 Posts: 997	Personally, I use Interactive Brokers which is dirt cheap for futures, options, bonds, and forex. But the customer service sucks very large balls. And if your computer were ever to crash during a extremely high volume period and you wanted to get out of a stock, you can't easily call them to make a broker-assisted trade. __________________ Canadian Mortgage Rates How to day trade E-mini futures How To File For Bankruptcy In Michigan Six Sigma Certification Training Last edited by JackJones75; 04-17-2010 at 12:40 PM..

04-17-2010, 12:42 PM	#19
paymeback Confirmed User Join Date: May 2005 Location: Sydney, Australia Posts: 1,478	You don't mention what type of trading but when you think you are "ready to dip your toes in it" go back and study for 6 more months. Stick whatever money you were going to play with into a norisk investment account, get stuck into studying more whichever type of trading you want to do, use practice accounts/play competitions etc to get used to the real market trading.. otherwise you are just going to burn a hole in your pocket __________________ ICQ:36-43-49-11

04-17-2010, 12:43 PM	#20
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	A friend of mine day trades using http://www.mbtrading.com/ __________________

04-17-2010, 05:13 PM	#21
HandballJim Confirmed User Industry Role: Join Date: Sep 2008 Location: NYC Posts: 4,024	I don't recommend day trading, but swing trading you can make some money. I would study charts and look for confirming breakouts (buy) or breakdowns (sell short). The problem is you need to be in front of the computer all day...and buy and sell orders are not full proof anymore due to pre market and after market trading. Your order to buy or sell is only good during normal trading hours. for example you own apple at $100 a share (you have a sell stop order in at $95) earnings come out after hours and they are good but not great...stock goes down $25 in after hours...so your stop sell order was useless. When I traded a lot I would look at volume and news that was great...so I would buy pre-market and sell when the market opens for a gain. A lot of people are just getting to their desks at work they hear the news and buy...stock goes up and I'm out already before it goes back down. I also recommend learning Japanese Candlestick charts and technical analysis. Oh and don't listen to those clowns on CNBC and follow the heard of other bad investors. Even pro traders lose in the market otherwise they would not be still working for hedge funds but trading for themselves at home. I am going to recommend 2 websites study them and learn and you will make money. http://tradermike.net/ http://www.thekirkreport.com/ I like etrade and go with their Pro trading platform for great tools. __________________ HOW I MAKE LOTS OF $$$ Last edited by HandballJim; 04-17-2010 at 05:16 PM..