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I personally haven't had those issues outside of the 10c gap. Today was a read tons of reviews of different brokers day, and those were the common issues I noticed with some of the discount brokers. I was only sharing what I've run across today with most all of the user reviews of discount brokers. People do like to bitch when they have an issue but rarely speak up when they don't so its always hard to get a true idea of how good a company is.

10c break out all depends on the stock, if we're talking about a $5-10 stock it most likely wont have a straight 10c breakout but get up in the $15-20 stocks and it happens pretty often. Main thing for me is that I can't be a full time active trader so when I catch a break out, it sucks if the stock fizzles out a bit side step for awhile because I have to sit and wait. Being able to put in a stop limit is a very useful feature to me. Maybe its the trading platform that fires off the order entry and not a stop limit?

I haven't had any issues with Scottrade outside of the 10c minimum. I use margin but only so I don't have to wait 3 days for funds. I'm not a fan of using someone else's money when it comes to risking money unless of course, I don't have to pay it back =)
 
yeah i don't think it's possible as a retail investor to short under $5, period. I've never heard of it being done at least.

Given what you said above, you might want to venture out of regular trading and do more calls and hope to stay in the money
 
yeah i don't think it's possible as a retail investor to short under $5, period. I've never heard of it being done at least.

Given what you said above, you might want to venture out of regular trading and do more calls and hope to stay in the money

Not sure I want to get into options, Trying to guess correctly what the future holds isn't something I like to do. I like getting in and back out of a stock. Makes it easier to sleep at night. I've had stocks before long term that have had something really random happen news wise and tank 10%+ after hours, granted it normally bounces back but it reallllly sucks, because it can keep dropping and you gotta lay in bed and go hmmm do I sell premarket or wait and see if it rebounds or hold onto it long?. VS seeing it tank, shorting it and rebuying it to hopefully ride it back up.

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BAC today had some nice swings today. Perfect example of what I look for.
 
The idea of options is to limit loss. I have a pdf that outlines some good stuff from a fidelity webinar. i think this is public domain, so i guess i can host it. i'll tkae this down in a bit, so download and save locally.

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people who get in and out of stocks simply out of fear will never beat the markets. you can gain a little here and there, but trying to time it is a fools errand. you have to know what is driving the markets. and with HFT, market manipulation, and pricing that isn't based on fundamentals, you'll be nothing more than a momentum trader. Which, in small spurts is fine. but the system isn't made for that. Not on the retail level anyway. that's why trade fees are high. yeah, i could move 10,000 shares here and there for $100/pop, but the fees and commissions combined with the risk don't make it worth it.
 
Day trading is very risky no doubt, most people lose money but when done right it can be very profitable.
For most people it is a BAD idea and I highly advice against it.

10,000 shares for $100 profit?

BAC today is a great example, 1000 shares = $10.00 for every cent it moves. 2000 shares = $20...
10,000 shares of BAC would = $100 for every cent, so 10,000 shares today in BAC, lets say you missed the bottom and sold before the top netting you only a 20c gain would = $2000.00 in a single play. Fees and commissions = $20 for the top of the market brokers. If shorts were available and you played it both ways...
 
just went back through this thread. VRNG never panned out. i got out a while go at a small profit. have like 50 shares for nostalgia that isn't worth the fees to sell it. lol

FNMA is my gamble right now. I put a big chunk of money in this a few months ago and have been patient, and it's finally starting to pay off. up about 30% in the past week on huge volume.... but it's still all just speculation. if it goes 10x, as some say it should based on PPE, my retirement is set.
 
For anybody who wants to learn about trading, i would open and account with like $5 or $10 with TD Ameritrade and use their resources. Download their ThinkorSwim platform and start trading with play money. Optionshouse also has a play account, but the research platform and analyst reports aren't as good yet.
 
IMO, if you don't want to manage your money on a daily basis,
and you're 30 ish, low cost index funds are the best thing to do.

25% in an S&P 500 index fund like FUSEX
25% in an international sector fund like VITAX
50% in an age-based auto re-scale like PARLX (for 2045 retirement)
 
IMO, if you don't want to manage your money on a daily basis,
and you're 30 ish, low cost index funds are the best thing to do.

25% in an S&P 500 index fund like FUSEX
25% in an international sector fund like VITAX
50% in an age-based auto re-scale like PARLX (for 2045 retirement)

for people i don't want to spend time talking to, i just send them into vanguard funds.
 
This came out Saturday. I wonder if everyone who got scared is now freaking out to get back in?

Wonder how tomorrow will play out. BAC was in the $15.4x pre market on Friday and pulled back to $15.81 so that's showing that a lot of people value it and believe it bottomed. add in buffets thoughts and it could make for a good Monday. Either way even if it continues to slide in the end i believe it will be a great long term stock. I sure as hell hope so since I'm heavily invested in it. Both long term and day to day.
 

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Tomorrow should be fun. BAC already up 46c from today's open. Passed the stress test and next week they should get the ok for raising the dividend and stock buy back.

Nice late birthday gift.
 
yellen says interest rates may go up. market explodes!
 
So ridiculously volatile. Every time she says that. Market explodes. Then they issue a statement squelching that they're going to do it just yet...
 
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