RSSWhere is the best place to trade stocks under $1 Scott Trade gets .5% +$7 off the top @ buy & sell = 1% + $14?
Friday, August 20th, 2010
A $5000 trade costs you $64 in fee’s total, is there anyone who doesn’t charge the stupid little fee’s to rob you? And they block the big movers so you have to call in too, and you can miss a good buy point easily.
Who does it better, I like penny stocks because of the good swings in this market. I’ve made +80% in the last two weeks, but Scott trade cuts in deep and in a lesser market they could really cut out most of the profit or turn it to loss. Their charts also suck, but I’ve always used them and I don’t know who to compare them to except the pay places that really kick out some good stuff, but I want better free if I’m paying a company a lot to trade with them.
Well I can’t say it’s sustainable, time will tell. Very few do that well. It’s also harder doing large numbers because you can’t be as nimble and that affects the buys and sells you can get done. Fact is I could have done better, but so then could anyone in this game at any time.
I’ve lost a couple of times, once because CNBC spoke of an exxon buy out of Haliburton that was total BS. Boy were they worried at Haliburton when I called, lol. I know a few guys who are excellent at picking stocks and technical chart analysis and I have a pretty good feel once I’m in. I don’t hang out waiting for more either, when things look funny I’m out and I don’t look back (that’s a total lie lol, of course I look back, but I don’t let missing out get to me, greed kills)
Thanks Guys, I’ll check some of these things out.
I’m in Coin right now. It could break out Monday, it almost did today, or later next week. Often when these go up really fast they can come back down the same so be wary.
Coin as in COIN a Massachusetts based bio fertilizer company. They just converted much of their debt to stock and they are set up to pop, and so say the charts.
80% in the last two weeks? Is that sustainable?
When I first started day-trading some months back, I would have ups n downs, i.e. I would have 6-7 good trades in a row, then give it all away in one trade.
Now I have learnt to be more scrupulous, and monitor my stops. I trade every setup up and down, because I do not know when the big move will come. I trade forex. It is the largest market in terms of amount traded daily, and is very volatile.
I can’t help you in this question because I do not trade stocks, but I can sure help you if you want to learn stock trading, as I have access to the best website in the world for learning trading; it has almost all the trading courses available to download for free
check out interactive broker
also qi-research.com has really good daily stock picks for swing trading
I like penny stocks but the commissions are high. I trade with Firstrade. They charge $6.95/trade for online trading. If the stock is under $2/share and the order is over 5,000 shares, there’s a charge of $0.005/share on top of $6.95
However, they allow me to split my order into lots of 5,000 shares so that I dont have to pay the huge commission fee.