InvestorsHub Logo
Followers 196
Posts 11393
Boards Moderated 0
Alias Born 11/29/2007

Re: Tbone88 post# 32351

Friday, 02/21/2014 1:36:19 PM

Friday, February 21, 2014 1:36:19 PM

Post# of 330446
Following a decade with TDA, I finally moved my penny stock trading to E*Trade out of long-simmering frustration with the trading embargo TDA has placed on a long, ever-growing list of penny symbols (100+), most of which had enjoyed profitable moves at one time or another. Trust me: TDA is openly hostile to penny stocks and the traders who follow them; it is my impression that they wish they would all just "go away," so that the firm can cater to the more-lucrative ETF and options traders. In addition, TDA trading platforms are either too simple and awkward (Trade Architect), or too complicated and cumbersome(TOS). I must say, E*Trade's Pro platform Level II is outstanding, and has given me unparalleled clarity into the bid/ask spreads that I need to be aware of in order to trade effectively.