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Re: Jimzin post# 21792

Tuesday, 05/15/2012 9:41:04 PM

Tuesday, May 15, 2012 9:41:04 PM

Post# of 334359
Your welcome Jimzin. I currently have (4) accounts: ST, TK, TDA, & Zecco; I have had trouble at some point trading BIEL with all of them in the past until Scottrade pulled ahead of them all and I mainly only use ST now. Zecco is great, but it did not support normal trading for BIEL. There is a connection with ST and NITE, the Market Maker (MM). If you day trade, watch for wash sales and use Trade Log software along with a good CPA to keep track of over thousands of trades including the wash sales. You can open an ST account I think for $500 but a margin account is $2000 minimum maintained. You can trade virtually any stock, but they may still have a restriction list. You can make direct deposits from your checking account called ACH deposits, but they take (3) business days to clear for any stock under $4 per share, but any stock over $4.00 may be traded instantly. (There is also pre-market trading & after hours trading available, but ST does not allow that for BIEL unless maybe directly through a broker for $29 fee? Maybe someone else has done this?