Question for the board regarding online stock trading

[TheStateUofMS]

I'm about to start doing some online trading. I won't be trading every day or anything so the volume of trading will be pretty low. Any advice on which website I should use for that type of trading? I won't be doing anything with options or futures or anything like that. Just some simple stock trading. There's two specific companies I'm looking to get into, and hoping they boom from the info I have gathered about them, so it's probably going to be an invest and watch it grow type of stock trading. To begin with at least. I've done some research and ETrade seems to be the obvious choice, but I also looked at TradeKing and it looks to be a good site. Any help would be appreciated. If you don't know anything about online trading I would appreciate if you didn't comment, only traders who have been trading for some years now. If you have alot to say, you can PM me. Thanks in advance. GO DOGS!

 

[Buford T. Justice]

asdf

 

[TheStateUofMS]

Thanks, Bobby.

 

[UpTheMiddlex3Punt]

My only stock investing is through my 401k and they require me to use TDAmeritrade. The interface is easy to use and trades execute quickly, but the maintenance fees are not that good (around $50 a year to maintain the account). That is the key thing to look for. If you're going to hold onto the stock for a while, it's better to find a site with higher order costs and little to no maintenance fees. An offer of a lot of free trades within the first month may be worth little if you're planning on just doing 2.

Also, what companies do you have rumors on? Sharing that kind of information is appreciated on the pack. I'm with you on the invest for a long time approach. I follow Warren Buffett's advice of if you're not comfortable holding onto a company's stock for ten years, you shouldn't buy it at all.

 

[beachbumdawg]

I have used Scottrade since 2006 and really like it.

 

[MSUado]

I have enjoyed Scottrade for about a year and a half now. Never had any problems and the seven dollar trade price is pretty attractive to me. I can refer you if you want some free trades.

 

[coach66]

very good as well. I do a fair amount of trading and I have been very pleased with Schwab overall, not the cheapest but they take care of you and they are here to stay, I hope.

 

[RBDog82]

nt</p>

 

[coach66]

with it for record retention purposes if nothing else. It is nice to have one site to go to to find what you need for tax purposes or anything else and be able to go back several years if necessary. When you get more than one firm involved it is a headache.

 

[FlabLoser]

Let's say you have a brokerage account with no margin ability. Let's say you make an order entry error on buying some stock shares. Let's say the dollar amount for the order you put in is, oh, say 300% of the value of your entire account.

Schwab's system won't kick this out. You'd be on the hook. Ask me how I know.

Today, I'm an Etrade customer.

Now if you're down on your luck with nothing to lose (or have foreclosed) and want to roll some million dollar dice on a hot stock, then Schwab is definitely the way to go.

 

[coach66]

us.

 

[Xenomorph]

*

 

[HireCohen]

Would love for you to pm me information about this also. Thinking about investing in a few stocks for the long-term. Thanks

 

[saltslugs]

Free $100 instantly in your friend's account on tdameritrade (I'll split it with you if you don't have anyone close that you would like to provide $100--pm me if you want more info, there's not much to it and it's free money).

 

[MaleBovineK9]

I'll take a PM too if you don't mind.

Thanks

 

[Buford T. Justice]

asdf

 

[TheStateUofMS]

From all my research and input I have gotten and from talking to a few actual ETrade customers, that's what I'm going to go with. I will share with you what stocks after I get them through. Not trying to be a dick, but I've put in alot of time and waited a while and I think the opportunity is now to do it. I'm not putting up several thousands of dollars or anything, I'm still a young lad, but I'm trying to get used to trading and hopefully be a day trader for my full time job one day. We'll see. Easier said than done. Thanks for all the insight guys.

 

[AssEndDawg]

which is the best IF you are going to do infrequent trades and hold them for longer. They charge a higher trading fee but there is no monthly charge and no minimum cash on hand amount once you pass the initial buy-in. If you are going to be day trading or doing a lot of short-term stuff they probably aren't the best to go with as the transaction fees will eat you up.