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Doesn't the NASD cash-less trading rule apply to only cash accounts? It seems like a plethera of online brokers are confused by this rule and are applying it to margin accounts. For example, Joe Blow opens a margin account with lowtrades.com, successtrades.com, or brokerageamerica.com, and...

Andover Trading recently offered me $1 tickets in place of their per share commissions after I told them I make over 2,000 trades a month. They also offer full rebates from all participating ECNs (when adding liquidity of course). I'm thinking if enough of us signed up with one firm, we...

I wonder how this will change the ECN's relationships to online brokers. Brokers like Datek, Ameritrade, RJT, etc., use Island for a majority of their Nasdaq orders. -Scalpa

It's "free" if you use Cybertrader. -Scalpa

I never said all of the standard brokers were too expensive. I was just trying to find an adequate back up broker to see what else was out there. Since Don Johnson's site went belly up, it's been difficult to get the latest scoop on commissions. And, we all know just how fast commissions...

Back before those scumbags at TD Waterhouse took over, I negotiated a restructured commissions schedule through RJT.com. At the time, they were charging $5 per limit order and I sent an email advising them of my highely active trading style. After going back and forth for a couple of days, we...

The thing that really struck me as a little odd was how much capital he was risking per each trade; all to scalp a couple of teenies. It doesn't sound logical to me to risk upwards of $100K to maybe make a couple hundred of bucks. I wonder if this guy even makes money trading. :confused...

....and the only book I've found while looking for books on scalping was "Day Trade Online" by Christopher Farrell. It taught me a couple of things, but I was a bit disappointed at how old everything was (no decimilization). Was that the same book you found? -Scalpa

I'm new to the whole direct access trading gig, but how can any of these direct access trading outfits be attractive to the scalper? Take MB Trading for example: $9.99 a ticket plus ECN fees? If you make 2000 trades a month, that would be $20,000 in commissions alone! You'd need to win on...

I know it all sounds far fetched, but I have absolutely no reason to lie. Why would I even have a day job if I make that much money trading? Well three reasons: 1) I get an additional $40,000 a year 2) I get the free office, free computer, and free T3 connection. 3) But perhaps the...

I'm a web developer and own and "maintain" a couple of webservers. Basically, I design and update webpages for my company's Intranet when the need arises. I make sure they're done before or after market hours. Maintaining the webservers is a bit more difficult; I actually have to stroll down...

How about this; does this count? What if you trade fulltime but at your day job? That's what I do. I'm an IT professional, but my job is a joke and I do about 2 hours of work a week, all of which I make sure is done either before 9:30am or after 4:00pm. :D I don't think there's a...

Jeez, nearly a thousand views already and not a single person can offer me some guidance? :confused: -Scalpa

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Are there any "deep" discount brokers left that offer limit orders for less than $3 with no per share limit? It seems they've all folded or been bought out in the past year. Financial Cafe merged with Brokerage America and BA is charging $5 commissions with no more rebates for Sub-$1 stocks...

Does anyone know of a Level II service that lets you see REAL bid and ask prices for a given stock? The Level II service I am using now through money.net just shows the bid and asks rounded off to the nearest cent. For example, if you put in a bid of 3.2101 on SUNW it rounds off to $3.21 on...

I think he wants to minimize his losses while bringing up his 250,000 shares to something more respectable like 1,000,000. Then he could cash in on the rebates. I've been doing this type of trading, but through an online broker that has extremely low commissions but no rebates! No direct...

To be honest with you, I'm not all that disciplined a trader but I have been making good, consistent money for a long time now. Since I'm of course only playing with profits I've made (everything else I bank), I've developed a rather cool, care free state of mind for my trading. Nothing really...

Trading for pennies may not sound like a lot, but when you do the math it amounts to lucrative amounts of money. Let's say you're swapping 50,000 shares of a sub $1.00 stock. Even if you make just half a cent (.005) on each share, you've just made $250 plus or minus any rebates or commissions...