I'm all about Fidelity. Had accounts with them for years plus I have worked for them. Awesome service, great trading software, and access to research. 8 dollar trades are nice for a premium brokerage. But I only get $8 trades because of the amount of assets I have with them. The highest trade commission is $20 I believe.
Thoughts on CIT Group selling $8M in common shares to pay dividends on preferred stock ... Could this be to cover the Gov't bailout shares' dividend?
wtf! TD Ameritrade offers 500 free trades? The only thing I got when I opened my retail Optionsxpress account was the option of 10 free trades, $100 bucks, a t-shirt, a book or a mug. I had to choose only one of them also. The only good thing with Optionsxpress is they have one of the lowest minimum's in order to have Portfolio Margin enabled on an account.
Their tools are really awesome. I don't know if you need to be an Apex customer to have access to them, but for following what's going on in the market, they have some really cool stuff. People also have developed free apps for the iPhone you can use to access your account and trade, get quotes, level II quotes, stock news, charts, etc.
r Trade king is good if you dont trade frequently. Although their rates are cheap, they dont allow a lot of multiple trades. If they detrmine you are a day trader they can close your account. It is stated in their policies/rules. Fees for options are pretty decent.
I rode the 60 options from last Friday till this morning. Then dumped it. You have to keep in mind there is always retracement in a rally. Rimm and Amazon retraded 50% of their gains from profit making. I think Rimm is a good entry from 51-57. Id just average into it.
Going with SDS early this morning. Will by DIG when the market hits its morning low. Let them cancel each other out until oil rallies.
Nimbleness is the name of the game these days. I went short yesterday. I couldn't be happier today. Looks like we're definitely headed for $60 oil now...
Wrong, wrong, wrong. I don't trade with my retirement account, I trade with spare cash. And I don't gamble either. I have clear strategies for trading that have been proven to work. That's why my investment portfolio is up 48% in just about 3 weeks.
No it's not. Your little one line posts are so stupid. This market is being affected by day traders. If you are an investor you don't care about the short term spikes up and down.
How can you be an investor when the market jumps 10% one day and down 7% and 3% another. Right now it is best to be in cash. We haven't really established a base, too much volatility. There are serious fundamental issues in economy which you might not understand.
No. I actually do understand the fundamental issues in the economy. Your posts on a consistent basis have shown nothing but the opposite. Here's why the market is for investors. If you are a true investor you don't care about the spikes day to day. I have around 40 years before I retire. So I have no issue with what's going on today. I have plenty of time to hold. And I'm holding stocks of great companies that are trading below their intrinsic value. The market is going to be doing this for a month or a couple. So what? I have no reason to be in cash right now. I only invest money I don't need to maintain my life and daily needs. I will get a much better return on it in the long run if I keep it in the market instead of cash. You should only invest what you can afford to lose.
If you had invested in GE 10 years ago in your buy and hold strategy you would be down 18%. If you had cost averaged over the past 10 years you would be down even more. Leh and Bear Stearns had been around for a 100 years and they are gone.
