Well going past a month now with http://www.alliancetrader.com. No problems. Short lists are very plentiful on NASDAQ stocks. Been shorting and going long without a problem. Slippage is very minimal. Wired money to my MM account without a problem. Still a happy clam. Will keep you posted.
Well some people here will tell you 5K is not enough. I would say since you stated you want to daytrade, it is possible. However, I would paper trade for at least 6 months to a year. Read as much as you can. Tony Oz is a excellent trader and author. Purchase a few of his books. Second you will...
No not so far. I have transferred money to and from with out a problem.
There was a thread started on these guys by NYCHOTSHOT .
Shorts are never a problem I like to short the ETF's and I've had no problem with shares with IPIX , CSCO, and MSFT.
IPIX is one of my favs also. Made +1.40 per share on it with 2 shorts. Open bell and at 10AM. As long as you know how to read the level 2 and know where the momo is going you should be ok Samuri....
Well I've been with Alldaytrader.com for the past 2 weeks. Been trading like I always did with realfast and I have had no problems. There short list is updated every morning and I have no problems in lot size on my shorts. Been playing IPIX all week in and out short/long positions without a...
Level 2 is $125.00 per month but I got it waived because of the amount I wired to them. I also have a flat $8.95 per ticket charge +ECN and NASD's fees.
I almost always use INET limits. One liquidity and 2 they are the cheapest.
Once in a while I'll use ARCA if INET doesn't have the...
It's up to you. If you want to take the chance then do it. You seem to have at least done some of your homework. Can it be done yes. However, I traded partime for 3 years before I quit my job and traded full time. It's totally your call. At this point I'm glad I took that leap and I haven't...
I only trade NASD stocks, and on occassion ETF's.... I've never had a problem.....
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You got F#cking Raped on that trade. Obviously, you need to work on your cash management and just basic discipline.
Ever hear of a stop?
To answer your other question. Yes you can make over 100K a year. I've done it for the last 3 years.
Well Russ,
I'm Tradewiz I'm one of the few people that post that have account through www.realfasttrader.com Also know as speedtrader. Anyway it seems when a decent opportunity comes by people want to pick it apart and analysis it to no end.
I personally will be moving a large portion of...
Hey Hotshot don't take what these chowder heads say personally. I've know you through ET and About.com and everything you've suggested and passed on has been on target. I myself still use Realfast but I do refer some of my students to Alliancetrader.com .
Take it easy and good trading to you.
This to shall pass.
Gas is still $2.03 here as of this morning when I was filling up my Explorer. What the hell it's still a write off anyway when you own your own business.