A couple people I know are quite happy with Interactive Brokers. I'm in the process of opening an account with them right now. Commissions from some of the big shops are just too much for my student budget to handle. There's no need at all to be paying that much when some of the discount brokerages offer rates that are SIGNIFICANTLY cheaper.

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quote:

Originally posted by SniFFleS Anyone have any thoughts of certain sectors for the long term? Agriculture?

i invest in commodites and commodity producing stocks only and times forex.the farmers will be the ones driving the lamborghinis

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quote:

Originally posted by slingshot A couple people I know are quite happy with Interactive Brokers. I'm in the process of opening an account with them right now. Commissions from some of the big shops are just too much for my student budget to handle. There's no need at all to be paying that much when some of the discount brokerages offer rates that are SIGNIFICANTLY cheaper.

I expect the big shops will get you better trade execution than a smaller discount guy though. If you're moving in or out of big positions that can make a big difference.

Let's all buy tech stocks!



On margin! Zoidberg wanna buy on margin!

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"angelheaded hipsters burning for the ancient heavenly connection to the starry dynamo in the machinery of night" -Allen Ginsberg

quote:

Originally posted by Skipper If you're moving in or out of big positions that can make a big difference.

which I'm definately not, lol.....so hopefully it serves my purpose.

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We are the kids of the quiet revolution, and we fight for a new quiet concept of evolution. We play house music.

quote:

Originally posted by Skipper I expect the big shops will get you better trade execution than a smaller discount guy though. If you're moving in or out of big positions that can make a big difference.

ib isnt a smaller dicount brokerage, its for a accredited traders. if you dont qualify i dont think they will let you open an account.

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ALL GOVERNMENTS ARE LYING COCKSUCKERS -BILL HICKS

quote:

Originally posted by Naruepol ib isnt a smaller dicount brokerage, its for a accredited traders. if you dont qualify i dont think they will let you open an account.

I was speaking in general about discount brokerages.

Buy what the insiders are buying. And short what they are selling.
http://www.insider-monitor.com/

is that site even legal?

quote:

Originally posted by Skipper What boards?

I'm guessing he means the Google discussion boards. I like to check results on Google, which shows the last two or three discussions on the side, and I always notice these immature and ridiculous comments, probably from people who aren't even old enough to be trading with their own money.

One day I actually read some of the threads there and came to the conclusion that one could actually make a pretty lucrative business doing the exact opposite of what the majority of those kiddies say. They always seem to be the last people to clue into a trend and panic when they're on the wrong side of it. By the time they post their sage advice, the trend has almost reversed.

quote:

Originally posted by Skipper I expect the big shops will get you better trade execution than a smaller discount guy though. If you're moving in or out of big positions that can make a big difference.

It's true. My trades with TD have been almost instant. The two or three stops I've seen triggered have always been executed at the exact stop price.



So anyway, I decided to stick with TD for now for convenience and speed... it took several days but I've more or less got everything worked out. Only thing I hate is that there doesn't seem to be any way to set trailing stops. And they screwed me again on Thursday... as soon as I saw AF bottom out at 6.95 I wanted to dump a bunch of money into it, their app wouldn't let me, said it had to be reviewed by a rep or something and it was already near the end of the day. Lo and behold, by the end of Friday, it's already back up by almost $1, could have sold for the easiest 10% profit ever. Sigh.

Those of you using Qtrade/Questrade/Scotia, do their apps let you put in trailing stops? And have you ever had a weird issue like this when trying to make any one specific trade?

quote:

Originally posted by ExtremeWays Let's all buy tech stocks!

Sirius has been good to me so far. Palm has been doing oddly well, although I've been too scared to actually put money in. Sun shot up 50% several days ago and hasn't shown any signs of decline despite ludicrously high trade volumes. Tech stocks are great, just don't hold onto them too long.

I think something big is going to happen with Palm right around the Pre launch date. The question is, in which direction...

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quote:

Originally posted by DigiNut Those of you using Qtrade/Questrade/Scotia, do their apps let you put in trailing stops?

Questrade has market, limit, stop, stop limit and trailing stop orders.

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Dark Dirty Tech Tribal. | Hands in air (trance) and feet on the floor (house).