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davidsson10

02/21/14 1:36 PM

#32360 RE: Tbone88 #32351

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.