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I am pretty happy with TD Ameritrade.
Please post questions regarding Ihub site here:
http://investorshub.advfn.com/boards/board.aspx?board_id=504
Try choicetrade.
Can anyone give me some suggestions for a good trading platform to use? I currently use Sharebuilder but they charge $9.95 per trade and $.007 per share to trade stocks under $1.00. I don't usually have more than 10 trades in a month so I don't need anything crazy.
You really can't tell that for sure. Ihub quotes have a "TRADES" tab that lists the volume by buys/sells but I am not a fan of it because it really isn't accurate. It assumes transactions on the bid are sells and transactions on the ask are buys and we all know that isn't always the case. Here is how they describe how it works:
The 'Buy', 'Sell' and '?' columns - Where the 'Price' is closest to the 'Offer' price, the trade is considered a 'Buy'. Where it is closest to the 'Bid' price, the trade is considered to be a 'Sell'. Where it is dead centre between 'Bid' and 'Offer', it appears in the '?' column; this indicates that the trade cannot be identified as either a 'Buy' or a 'Sell'.
Here is an example to look at:
http://ih.advfn.com/p.php?pid=trades&symbol=REVU
once my restriction is over will I be able to sell a stock and buy another in the same day, as long as I was in the first stock more than three days and stay in the new for at least three days?
It depends on how much you have in your account. I think you are getting confused about how many days vs unsettled funds. If you sell a stock and don't have any other funds in your account other than the proceeds from that sale, then you are using unsettled funds to purchase your new stock. If that is the case, they will allow you to buy another stock with that money but you can't sell the new one until the sale of the one you sold is settled. But if you have excess cash - say you have 10k in your account after selling a position that had proceeds of say 8k. Then only 8k of that money is unsettled - you would still have 2k available to buy something with and sell it in the same day - because that 2k were settled funds.
Now, another poster mentioned a margin account. If you changed your cash account to a margin account you would not have to worry about T+3 (settlement). You don't even have to use margin in order to have a margin account. But it allows you to use unsettled funds for trading while a cash account doesn't. But one thing you need to know with a margin account is that if you have under 25k in your account they track your daytrading and you can't day trade four or more times in five business days. If you do and your account is under 25k they will put a restriction on your account. If you are a pattern daytrader and have over 25k you don't need to worry about anything.
How would I be able to tell buyer volumes vs. seller volumes in a particular stock?
I have a TD-Ameritrade account with a L2.
Thanks for this board!
you should look into a margin account, most traders that I know have them. Check with your broker about their requirements, depending on your trading you may be able to get a margin account for as little as $2500. equity.
Jk6672, I'm no expert. I have Scottrade "cash" account and have sold one stock and used the same funds to buy a second stock in the same day. As long as you don't sell within 3 days, your ok.
I understand that to do what you want to do you will need to have enough cash in your account to cover the new purchase/sale.
If I am wrong, please correct me.
Hope that helps, and doesn't confuse the situation.
GLTY
I have a cash account and currently I am on a 90 day restriction for another 60 days. Apparently I committed a violation by selling one stock, buying another and selling that one all in the same day. I understand the three day settlement rule now, but my question is once my restriction is over will I be able to sell a stock and buy another in the same day, as long as I was in the first stock more than three days and stay in the new for at least three days? What type of account do investors have that allow them to make round trips multiple times a day?
I apologise. I stupidly thought I was on that board......
Ever since I typed that, now I can't get a song out of my head, by AC/DC.......Who made Who?......Crazy.....Thanks.
I think the answer to both of those questions is "no", but you should post it hear and if they don't exist they will tell you why they don't do that: http://investorshub.advfn.com/boards/board.aspx?board_id=504
Hi cintrix. I have two questions for you, or anybody else out there, that might be of help.
I've noticed some posters "disappear", after pumping and raping a stock sometimes, usually as a "group". I also realize, they "easily" come back on IHUB afterwards, reincarnated under a new account and alias. This seems common, unless IHUB catches up with them eventually, although it's probably impossible to control, completely. I've stumbled across the occasional post by someone, alerting others to the possible "multi-aliases" a particular abuser may have been, in the past. I'm sure a lot of you out there are "familiar" with this problem.......Is there any board currently, that possibly IHUB runs, that lets a common user like myself know about the multi personalities that have been turned up over time, showing their known "badguy" history? It sure would help answer a few situations I've experienced over time, especially with some volatile microcap stocks. Possibly this is "IHUB staff only" type "private" information. Any help you can provide on this subject?
Also, is there any way of seeing who "follows" who? Or perhaps, who is following your own self(alias)? I haven't seen where I can "enable" any kind of "list", related to the "follow user" function. Of course, I can choose to follow a given user, and see that fact. Again, is this only IHUB Admin type information, and/or considered "private"?
Thanks in advance, for anybody with answers.
Not sure where you are getting that from, but most brokers will ask you if you are a processional or not. In other words, they want to know if you are trading for non-business use but for personal use.
What is nonprofessional subscriber? I was trying to get level 2 for otcbb and pink. I work at non profit org. Am I nonprofessional or not. Any suggestion will be appreciate. Thanks
lol because when online trading began, no one was trading the volume that we do today. It was so new that there were few people out there doing it. There was no one flipping stocks all day the way there is now. I started out as an investor and would buy a few shares of this and a few shares of that and sit on it. Probably only made about three or four transactions a week.
How could anyone afford those prices!!!!
When I started with them 16 years ago it was 19.95 a trade. lol
I guess that make sense. Thanks for the info
It goes by the amount of trades you make per quarter. 0-149 trades per quarter are 9.99. 150+ are 7.99.
I pay 9.99 with etrade. What up with the price difference?
Well I will keep tring
Thanks
I don't have my level II open but was the bid at .0002 when you put your order in? If you were trying to sell it at the ask you are not always guaranteed that it will sell even if you see orders going through at that price. I am guessing that it was at the ask price and that is why it didn't fill. If it was at the the bid price and you didn't get a fill it could be that you were using an aon.
I have a sell order for GTLL 300000 for .0002 today and how come my order did not get filled?
It went .0002 today does it take a while to sell?
I am pretty sure people were buying at .0002.
If you can help please do.
Thanks Newbie
Thanks for the thourough and well written response.
Eg. I send in an order with a limit price of .65 and, subsequently, before they can process my order, the price per share climbs above that to .80. Do I get the sell at the market price?
You should get the fill at the current price of .80 providing they have enough shares to sell and it doesn't drop back down before they get to your order. But I have seen cases where even though the current price was at .80 and your sell order was at .65 they fill it below the current price at what you put your order in. They are really not supposed to do that but it does happen sometimes. Most of the time in a general sense, your order of .65 should fill at the current bid price of .80.
Furthermore, what if my order is to sell a million shares and they have available 700,000 shares at my limit price, will they complete the sell order for the 700,000 shares, leaving me with 300,000 unsold shares?
That depends. First off, if you use an AON(all or none) they will not fill it unless they can sell all 1M shares. If you don't use an AON and just a regular limit they may fill a bit at a time. If you use a Day order, by the end of the day, if the rest of your order doesn't fill, it gets canceled and you will now still own the 300k shares that didn't sell. If you use a GTC (good till canceled), the order will stay there until you cancel it. You will not have to resubmit your order. You should still be in line as you originally were. If it goes into a different day, most brokerages will charge you a new commission for the new day even though it was an original order that didn't get fully filled.
Question on a pinkie SELL order.
I am required to place the order with a limit amount.
I place the limit amount and send the order.
Will the stock be sold at the limit amount even if the price per share is higher than the limit amount at the time the order is processed? Or will they give me the market price at the time they receive the transaction?
Eg. I send in an order with a limit price of .65 and, subsequently, before they can process my order, the price per share climbs above that to .80. Do I get the sell at the market price?
Furthermore, what if my order is to sell a million shares and they have available 700,000 shares at my limit price, will they complete the sell order for the 700,000 shares, leaving me with 300,000 unsold shares?
If that is the case, that I am left with 300,000 shares, is there a way to immediately process those remaining shares into a sell without having to resubmit another sell order?
I assume that I am in competition with other investors' orders which will affect the timing of the processing of my order, correct? I mean, I am, in effect, "waiting in line" behind others who have placed orders ahead of me.
So is there a way to circumvent the MM's ordering process and keep my "place in line" so that I can sell the remaining balance (the 300,000 as an example above), thus enabling me to get a preferred price?
For example, the price goes to .80 and they sell 700,000 of my shares, leaving a balance of 300,000 shares not sold because price fell to .62, which is below my limit order. But what if I wanted to sell the 300,000 at the current market, ie now the .62? Can I have that order immediatley placed, without having to wait behind other orders ahead of me? If so, how is that done?
I pay 7.99 from Etrade and I pay 5.00 a trade at choicetrade.
Bollinger bands:
If you are looking at a chart and the candlesticks are starting to rise up above the top band. Is that an indicator that the PPS is about to head south?
You're welcome.
I failed to mention there's a board here with a helpful grid of several brokerage firms with fees and other information:
http://investorshub.advfn.com/boards/board.aspx?board_id=9660
Take care and nice to meet you Andy.
Thank you very much for taking the time to help me out. Very good information. The first thing I'm going to do is try to negotiate with etrade. I foresee myself trading more over the years to come so I might look at having a second brokerage.
My new investment philosophy is "Think long, think wrong"so I do plan on trading and making faster turn arounds. I'll look into Ameritrade too. Thanks, Andy
Hi,
How much do you trade? If you make several trades a month, you probably can negotiate lower fees just about anywhere.
E-trade usually will charge a lower fee if you make a certain # of trades each month.
I just recently went back to Ameritrade because I like their new platform called the Architect. I also negotiated a much lower fee than what they advertise (just call up their 800# and ask for a local branch office).
Here's their new platform:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63051709
If you're just investing long term and not really trading, maybe TradeKing as they only charge $4.95 per trade and their service was pretty good but they're not good with short trades. I once complained on twitter about something and within an hour, I received an email offering free trades and an apology.
If you an active trader but have less than the daytrader's rule (25k) requirement, you might be interested in a prop account in which the rule is bypassed (read more here):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63475590
Good Luck!
Hello, Im currently investing through E-trade and paying commissions of $9.99 per trade . I would like to find a brokerage that has cheaper commissions but still has decent service. Any ideas?? Thanks
To all: any questions that directly involve Ihub or the operations of this site should be posted here:
http://investorshub.advfn.com/boards/board.aspx?board_id=504
How do you respectfully request that a moderator be excused for obvious bias against the stock they are moderating
A board mark is just like a "bookmark" on your browser. If you like a particular board you hit "follow board" and you will now have the board marked so you can access it quickly. Works the same with people marks - if you want to follow a particular person you hit "follow this member" and you will have them people marked.
OTCQB – The U.S. Reporting Company Marketplace
OTCQB is the middle tier of the OTC market. OTCQB companies are reporting with the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. There are no financial or qualitative standards to be in this tier.
http://www.otcmarkets.com/otcqb/learn/otc-market-tiers
What does QB mean when posted to a stock?
It is the information box the explains what each board is about. If you have it hidden you will see on the right "Show Intro Message" - just click on it to open it up. If it is already open and you don't want all that on your screen click on "Hide Intro Message" and it will collapse it so all you will see is the title and the mods names.
That was added because of the huge volume spike on the 16th: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63237803
Happens all the time.
Thank you Cintrix!
http://www.otcmarkets.com/stock/DMWK/quote
caveat emptor (buyer beware)
Hello, what does the "CE" mean on iHub with this stock? Thank you.
Diversified Mortgage Workout Corporation (PN CE) (DMWK)
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