posted
I have been following this website for awhile now and see that a lot of people are investing in sub .10 cent stocks, which broker's are you using. I just bought 10,000 shares of NIFW from TD Waterhouse and it cost me over $100 for the buy, and I am a "Premium Trader" so it only cost me $9.95 for up to 2500 shares. Looks to me that you really have to score big in a stock to offset commissions and taxes. Thanks for any help.
Posts: 7 | Registered: Jan 2004
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quote:Originally posted by rhill72: I have been following this website for awhile now and see that a lot of people are investing in sub .10 cent stocks, which broker's are you using. I just bought 10,000 shares of NIFW from TD Waterhouse and it cost me over $100 for the buy, and I am a "Premium Trader" so it only cost me $9.95 for up to 2500 shares. Looks to me that you really have to score big in a stock to offset commissions and taxes. Thanks for any help.
OUCH! I use Scottrade and I love it. I think Scottrade and Ameritrade are the 2 most commonly used online brokerage firms for penny stocks. They charge a flat commission of $12-16 a trade.
For that price are they at least giving you brokerage assistance?
[This message has been edited by NukeMeds (edited March 01, 2004).]
posted
I use Ameritrade. I just bought 2 million shares of a sub penny and it cost me $10.99 to buy and $10.99 to sell it. Thats for pinks and otc's.
Posts: 442 | From: Bristol, Tn | Registered: Feb 2004
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I use LowTrades and only pay 5 dollars per order. There are none of those ECN fees everyone talks about, that's only during after hours trading.
Posts: 33 | From: Iowa | Registered: Feb 2004
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sharebuilder is not for traders, it is for investors. Meaning long term investments. And not short term or intermediate gains.
Posts: 100 | From: Biloxi, Mississippi for now | Registered: Mar 2004
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