Newbee Needs A Good Online Trader.

Hey,hey...Etrade aint the cheapest, IB has hot commish 1000% cheaper. Do you prefer he's gonna give his $$ to the broker or to us?

DrAtomic

Don't waste dosh on high commissions... they'll eat into you profits, trade small size.
 
DrAtomic - Bitstream is right - many of the trading B/D's offer commish less than .01/share.

This is not important to me since I always trade at least 1000 shares, usually at mkt, and I get unbelievably good fills, many times better than the spread bid/ask on active stocks. I have gotten so used to Etrades platform that I really would not change to save 3-4$ on a trade when I can trade up to 5000 shares for $9.99.

So... I am happy with .01 commish rate.

Good luck
 
Scottrade would be a bad idea. The good thing about having Scottrade as your first broker is that you are going to like most other brokers when you switch out of Scottrade. Etrade is a less bad idea. However, if you open an account E-trade, you actually still have to pay at least $9.99/per trade. If you do end up trading 100 times with the first 30 days, you'll pay about $1000 in commission before your first month is over. For a new account, E-trade will reimburse your first 30 days' commissions (up to 100 trades) about 2 months later. Moreover, if you don't stay with them for at least 6 months, they will charge those commissions back to you. Besides, E-trade has an account transfer out fee to make the parting even bitter.

Considering that you at least worked on trading concepts for a year or so, you might want to go with RML trading. I think they currently have $2.95 per trade for both direct and non-direct orders for a specific deal with new accounts. You can also choose per share pricing if you like.
 
Quote from ElectricSavant:

Dr. Atomic, I know, you must be a rocket scientist with a handle like that with such a short fuse :)
More...

I'm thinking more like a nuclear scientist. Any bets on whether his account suffers a core meltdown?
 
at 5k a week he can fund all the proliferation he wants :)

Quote from wareco:

I'm thinking more like a nuclear scientist. Any bets on whether his account suffers a core meltdown?
More...
 
IF you have 10k so you are not going to daytrade (at least youtrade futures or forex ) so I recommend to you some cheap in data and per share comission.

I think IB or MBT are fine for some kind of guy like you.

Ameritrade is too expensive for someone with that amount and scottrade is good if your chinese...
 
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