Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Swing Traders » which online trader should i use?

 - UBBFriend: Email this page to someone!    
Author Topic: which online trader should i use?
pyroman
Member


Rate Member
Icon 1 posted      Profile for pyroman     Send New Private Message       Edit/Delete Post   Reply With Quote 
ive seen sharebuilder.com and so far im impressed but i really need hel finding a cheap way to buy and sell stocks,any ideas' on what sites i shoudl use?
Posts: 38 | From: jacksonville | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
pyroman
Member


Rate Member
Icon 1 posted      Profile for pyroman     Send New Private Message       Edit/Delete Post   Reply With Quote 
heres a page on share builder for there rates https://www.sharebuilder.com/sharebuilder/Service/Fees.asp? for an advantage account it has 11.95 for market trading .. what does hat mean? but it says 1 dollar for automatic investments, please someone help me!!!
Posts: 38 | From: jacksonville | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
pyroman
Member


Rate Member
Icon 1 posted      Profile for pyroman     Send New Private Message       Edit/Delete Post   Reply With Quote 
PLEASE..!! ANYONE?!..
Posts: 38 | From: jacksonville | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
pyroman
Member


Rate Member
Icon 1 posted      Profile for pyroman     Send New Private Message       Edit/Delete Post   Reply With Quote 
ANYONE?! lol pleasee help
Posts: 38 | From: jacksonville | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
Mehul_Sangani
Member


Rate Member
Icon 1 posted      Profile for Mehul_Sangani     Send New Private Message       Edit/Delete Post   Reply With Quote 
If you have $5k use http://www.freetrade.com
Posts: 147 | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
pyroman
Member


Rate Member
Icon 1 posted      Profile for pyroman     Send New Private Message       Edit/Delete Post   Reply With Quote 
5k??? are crazy i got like 200
Posts: 38 | From: jacksonville | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
Jeremy
Member


Rate Member
Icon 1 posted      Profile for Jeremy     Send New Private Message       Edit/Delete Post   Reply With Quote 
If you can only afford to invest 200 dollars, you seriously need to reconsider investing at this time. Even if you found a stock that went up 10% (not all that common to be successful at picking) you're only making 20 dollars. If you figure 5-10 dollars commission per trade, you're looking at 0-10 dollars of actual profit.

I would only look into getting into trading/investing when you can safely put up 1000 dollars or more, otherwise it really isn't worth your while, and you will end up more discouraged with the whole situation.


Posts: 1051 | From: Michigan | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Tip
Member


Rate Member
Icon 1 posted      Profile for Tip     Send New Private Message       Edit/Delete Post   Reply With Quote 
I would go even a digit higher, and say that you'll only become successful when trading a minimum of $10,000 per trade. The reason for this figure is because when you are trading smaller amounts, you are forced to hold onto the stock for larger gains, and therefore, you have very little control over the sell price.

Ex. $1000

Buy: $985 + $15 commission
Sell: $985 x 5% = $1034 - $15 commission = $1019

So in the scenario above, you are gaining only 1.9% and donating 3.1% to commission fees.

In the case of $10,000:

Buy: $9985 + $15 commission
Sell: $9985 x 5% = $10484 - $15 commission = $10469

In this case, you gain 4.69% and only donate .31%

And remember, we're talking about a 5% gain, which is quite substantial in most traders books.

------------------
Tip


Posts: 258 | From: Ottawa, ON | Registered: Apr 2003  |  IP: Logged | Report this post to a Moderator
TraderGene
Member


Rate Member
Icon 6 posted      Profile for TraderGene     Send New Private Message       Edit/Delete Post   Reply With Quote 
I am with ShareBuilder for a few years. Started using it with $200. For the beginning you can invest with a fee $4.00 per trade but you need to do this only on Tuesdays. If you need to sell you shares it will be $15.99 per market trade, and 19.99 for limit trade.

There are also (2) programs with different monthly fees.

I am still with ShareBuilder because could not find any online trader with overall cheap rate. (I meant any commissions + any fees).

quote:
Originally posted by pyroman:
PLEASE..!! ANYONE?!..


Posts: 90 | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
pyroman
Member


Rate Member
Icon 1 posted      Profile for pyroman     Send New Private Message       Edit/Delete Post   Reply With Quote 
hey thanks man, but umm so that 4 dallars per trade... are they sayin i cant trade during the market thing? at 4 dollars?.. i would have to make all my trades on tuesday to get the 4 dollar rate?...well that freaking sucks because even with advantage the real market rtrsades would be 11.99
Posts: 38 | From: jacksonville | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
TraderGene
Member


Rate Member
Icon 1 posted      Profile for TraderGene     Send New Private Message       Edit/Delete Post   Reply With Quote 
No. for $4.00 on Tuesday is not a market trade. If you decided to go on Tuesday you should send them money aheard of time (before 5:00 P.M. EST on Monday). To get trade for $11.99 you need to agree for a monthly programm fee of $20.00. in that case all you trades will be for $11.99 and if yopu decided to buy shares on Tuesday it will be free for you for (20) trades per months.

You can check their plans right here:

https://www.sharebuilder.com/sharebuilder/Home/QuickQA.asp?Question=3

quote:
Originally posted by pyroman:
hey thanks man, but umm so that 4 dallars per trade... are they sayin i cant trade during the market thing? at 4 dollars?.. i would have to make all my trades on tuesday to get the 4 dollar rate?...well that freaking sucks because even with advantage the real market rtrsades would be 11.99


Posts: 90 | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
pyroman
Member


Rate Member
Icon 1 posted      Profile for pyroman     Send New Private Message       Edit/Delete Post   Reply With Quote 
thanks.. but so.. ya i know im going to get the advantage subscirption.. but the like $1 a trade and the 20 free ones.. are only on tuesday?.. does that mean i can trade during the market time on tuesday.. if not.. when am i allowed to make the trades ontuesday... afterthe markets closed? during? or before..
Posts: 38 | From: jacksonville | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
TraderGene
Member


Rate Member
Icon 7 posted      Profile for TraderGene     Send New Private Message       Edit/Delete Post   Reply With Quote 
I suggest you to read all programs first and compare them. You need also to be sure they (I meant ShareBuilder) can trade the stock you are going to buy. They are not trading all stocks. I am also is not sure how you can play with only $200.00. The overall commisions and program fees can eat all you earnings!


quote:
Originally posted by pyroman:
thanks.. but so.. ya i know im going to get the advantage subscirption.. but the like $1 a trade and the 20 free ones.. are only on tuesday?.. does that mean i can trade during the market time on tuesday.. if not.. when am i allowed to make the trades ontuesday... afterthe markets closed? during? or before..


Posts: 90 | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share