Why not keep a stop under it at all times?
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TDAmeritrade down again this morning. I am so upset
- Thread starter freewilly
- Start date
Why not keep a stop under it at all times?
Quote from Maverick74:
IB would charge $50 to trade 10k shares, TDA is 6.95 or 7.95. That's a pretty big difference.
IB's linear commission rate make you think twice when jumping with both feet into a trade because you just want to pay $7 commission. You will benefit from IB in the long run.
Quote from hajimow:
IB's linear commission rate make you think twice when jumping with both feet into a trade because you just want to pay $7 commission. You will benefit from IB in the long run.
I'm not saying one is better then the other. I was just answering the other posters question. There are a lot of people who daytrade from home low priced stocks and the all in rate makes a big difference.
Quote from freewilly:
3rd time in a month. Time to leave TDAmeritrade.
I had positions, but could not close them, I was so nervous......
No matter what TDAmeritrade has for other things, it is a SCARY place to trade.
Lol, I don't blame you on being upset with TD Ameritrade specially with the fees they are charging you for such a service. Maybe you should check out OptionsXpress which is much better on fees and services. Check out how they compare at: OptionsXpress Broker vs TD Ameritrade
In my experience OptionsXpress has always offered me a better service at a much cheaper rate. If you desire to pay a bit higher, then E-Trade will be another good option, but they are a bit more expensive than OptionsXpress.
Good luck & happy stock trading.