Day Trade 25 ETFs Commission Free at Fidelity
- Thread starter VoodooMMI
- Start date
The domestic equity lineup includes both the S&P style index offerings familiar to retail investors as well as the Russell stock funds that institutional investors often prefer. The S&P-based funds include the popular iShares S&P 500 Index Fund (IVV). The Russell-based funds do not include the mid-cap offerings, but the Russell 3000 whole-market ETF is included.
The international lineup has the two grand-daddies of international ETF investing (EFA and EEM) as well as a small cap international and a whole world fund. The fixed income lineup has a solid representative from each of five major bond sectors. Last, but not least, is Fidelityâs own Nasdaq Composite ETF (ONEQ).
The international lineup has the two grand-daddies of international ETF investing (EFA and EEM) as well as a small cap international and a whole world fund. The fixed income lineup has a solid representative from each of five major bond sectors. Last, but not least, is Fidelityâs own Nasdaq Composite ETF (ONEQ).
Quote from soul2254:
Hi VoodooMMI,
The topic I have searched the net for!
I'm new to trading stock online and day trading, but I am very enthused about it. I've been reading a lot online to learn the basics and the stock lingo, etc. I still feel overwhelmed, but I know in time it will understand more.
Anyway, I have been planning on trading with those those 25 commission free ETFs on Fidelity once I get $2500 saved up (next month) to open my account. I am an American but will be starting a grad school program in Finland this fall. Pretty much, the only money I will have for the school year there is what I am saving from working this summer. So I'm going to give day trading a try and see what happens before I call mom and dad back home and ask for a bailout.
I will only have about $2500 in my account to trade with on fidelity, so I figure commission costs will eat up most, if not all, of my profits because I will not be buying a large number of shares. For me, ANY kind of gains, however small, will be encouraging and satisfying. Most importantly, I just hope to develop an understanding of trading to build a good strategy over time.
I like this messageboard, and look forward to learning what I can here.
So, how is it going with trading those ETFs on Fidelity? Is it a good idea that we have?
-Brandon
As long as you stick to the higher volume ETF's and remember that you can't trade more than four times (buy and sell) in a rolling five day period, or you'll be considered a PDT (Pattern Day Trader), which requires a $25,000 margin account as a retail trader.
Best of luck.
These Fidelity guys are the banksters of the custodian world - let's just call em banksterodians. They are yacht-sailing, island-owning, beach-dwelling, greedy parasites on the investing system and they will drain away your money using their marketing power - "fidelity" oooooooooooohhhhhhhh​h let me kneel before thee oh mighty and powerful boston banksterodian.
As a custodian - fine - but don't invest in their overpriced funds or ETF's until they join the real world and actually offer competitive pricing. Go with Schwab or Vanguard or buy direct.
As a custodian - fine - but don't invest in their overpriced funds or ETF's until they join the real world and actually offer competitive pricing. Go with Schwab or Vanguard or buy direct.