Sharebuilder VS Everything Else. PLEASE READ AND OFFER ANY ADVICE YOU CAN.
I originally purchased my shares of ATRN through Sharebuilder. I know it has been advised not to day trade ATRN, but I am in a dire situation where my choice will be either to day trade it or eventually sell almost all of my shares outright soon if it doesn't reach .65 - $1 by April 1st. I have been following the stock almost religiously, since I bought in back when it was 0.03. I have come to realize sharebuilder does everything in their power to discourage the purchase of penny stocks charging .007 per share per trade. This is large even for other sites who also do this but usually charge .005.
I recently setup an e-trade account and spoke with their rep. She informed me that E-trade does not charge a surcharge for penny stock trades, so Sharebuilders .007 fee per share verses E-trades nothing per share. In addition to this since I would be a first time user of e-trade, my first 500 trades or the first 60 days of trades would be free. I would make sure my trades cover the standard $9.99 per trade, but then that money would be refunded to me ultimately making it unnecessary for me to ever have to sell any of my ATRN shares to cover any personal expenses I have, since I could just use the refund money. The biggest issue I will have with moving my securiies from Sharebuilder to E-Trade is the fact that E-trade doesn't allow you to transition your holdings from one broker to another if they are in penny stocks. I first have to liquidate then transfer and it could take 3-4 days, AND WE ALL KNOW ATRN MAKES MONSTER MOVES IN 4 DAYS TIME.
My Questions: is E-trade the only site with no surcharge for penny stocks? and what do you think of TD Ameritrades Trade Architect verses E-trade? Does Ameritrade charge a surcharge for penny stocks? Is trade architect good for penny stocks?
When I do start day trading this thing it won't be until March 1st after the release of Spyder, IF THEY EVEN RELEASE IT THIS TIME.
My goal day trading would not be to get greedy going for freebies but to extract profits to cover some new upcoming expenses that might otherwise force me to get off the Money Train entirely. I AM JUST TRYING TO BUY TIME UNTIL DOLLAR DAY..PLEASE DON'T JUDGE ME, JUST GIVE ME SOME GOOD CONSTRUCTIVE CRITICISM ON HOW TO MAKE THIS MOVE. I HAVE ALREADY MADE UP MY MIND ABOUT DOING IT.
