First a bit about my circumstances. I am 26 so I have a long investment horizon and I am a bit of a gambler so this appeals to me. I am a CPA and an auditor at a large accounting firm so reading and understanding financial statements is not a problem. In addition to my accounting degree, I have a finance degree so I'm fairly familiar with stock and bond valuations, although I'm a firm believer that experience trumps textbooks every time. So, on to my questions:

To start with, I need to open a brokerage account that will allow me to trade these types of stocks, and this frequently. My cash position will be well over any of the minimums I have seen for daytrading accounts (25K-75K?). Is Fidelity an option? I am thinking about them just because my 401K is through them.

Good books to read?

Other investing forums online?

I will be reading these threads for the rest of this week so I'm sure I will pick up a lot of things. I appreciate the suggestions!

David

All of these things you need to consider when chosing a broker. The big brokerage houses, even online are more expensive. Most are not set up for pennystocks and some are not set up for daytraders. If planning on over $1 and up stock I have heard TDWaterhouse is good and may be worth the extra money. Dont know for sure about daytrading.

Probably best bet would be Ameritrade at least to start. They are good all around for big, pennys and subpennies, from what I've heard although very limited research wise. As daytrader your going to want to do much of own research anyway. They also are setup for daytraders.

Edit: So, I just opened an Ameritrade account and put $1500 in it. I have to wait 10 days to be able to buy otc stocks? And do I need a margin account? I don't think I registered for one.

David