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Old 04-10-2017, 09:53 PM   #1
junkmanhunter
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Default E-trade, Scott trade or similar. Which one???

Just wondering who on here does their own trading and investing and to what extent.

Looking at opening an account with E-trade, Scott trade or something similar. Anyone with pros and cons on how they work and experiences, whether good or bad.

Which would you recommend and why?


Thanks in advance
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Old 04-11-2017, 05:04 PM   #2
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Anyone?
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Old 04-11-2017, 05:18 PM   #3
Je3749
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I used scottrade a couple years back. Made a little and cashed out. I really didn't have any issues with them, just got out of having to watch it all the time.
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Old 04-11-2017, 05:22 PM   #4
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I use the Robinhood app on my phone. It is very simple to use, and I buy and sell small stocks all day long.
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Old 04-11-2017, 05:23 PM   #5
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Tradestation, best trading platform out there, imho.
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Old 04-11-2017, 05:24 PM   #6
quarterback
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E Trade has worked pretty well for me. I'm sure all of the bigger trading platforms are good these days. Not sure what the others charge for trades though.
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Old 04-11-2017, 05:28 PM   #7
refugioco
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Fidelity has 4.95 trades and is a full service brokerage.
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Old 04-11-2017, 05:59 PM   #8
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Quote:
Originally Posted by COOLDAD1 View Post
I use the Robinhood app on my phone. It is very simple to use, and I buy and sell small stocks all day long.
I just quickly looked at their site... is it for real free to trade? any catches?
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Old 04-11-2017, 06:23 PM   #9
TejasNW
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I set up a TD Ameritrade account recently and was very happy with the process. All online, no CS involved. Funds cleared in a day. They gave me 500 free trades (expires in a month or so?); so have built a position moving in when the time was right, without any costs.

Overall the process was easy. Trades have been seamless. I have set my price targets, and they have executed without a hitch. Can't be happier.

On the other hand, about a year ago, I tried the same thing with Trade King (now bought by some other online broker.) Funds took 3 weeks to clear. Had to have several conversations with Customer Service, all unsatisfactory. Turned me off online trading for a while.

That has been my experience for what it is worth. More free advice, this market shows a real top; and a huge downstroke on the way. If you must be in the market, be nimble. Don't get greedy; and don't dance far from the door in case the drapes suddenly burst into flames. I invested a small amount of money that I am okay if I lose on oil company stocks trading at 1/50th of their peak value; in hopes they can hang on until sub sea returns. I may lose it all; and am okay with that. Otherwise, I would be as far from the market as I can be (and have been for the past 8 years.)
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Old 04-11-2017, 06:27 PM   #10
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I have used scottrade and meryll lynch both charge a flat charge $6-8. I currently use robinhood no trade commission fees. Downside no website or pc trading only phone app.
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Old 04-11-2017, 07:56 PM   #11
junkmanhunter
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Thanks for input. I have never heard of Robin hood, I will check it out.
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Old 04-11-2017, 08:00 PM   #12
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Quote:
Originally Posted by TejasNW View Post
I set up a TD Ameritrade account recently and was very happy with the process. All online, no CS involved. Funds cleared in a day. They gave me 500 free trades (expires in a month or so?); so have built a position moving in when the time was right, without any costs.

Overall the process was easy. Trades have been seamless. I have set my price targets, and they have executed without a hitch. Can't be happier.

On the other hand, about a year ago, I tried the same thing with Trade King (now bought by some other online broker.) Funds took 3 weeks to clear. Had to have several conversations with Customer Service, all unsatisfactory. Turned me off online trading for a while.

That has been my experience for what it is worth. More free advice, this market shows a real top; and a huge downstroke on the way. If you must be in the market, be nimble. Don't get greedy; and don't dance far from the door in case the drapes suddenly burst into flames. I invested a small amount of money that I am okay if I lose on oil company stocks trading at 1/50th of their peak value; in hopes they can hang on until sub sea returns. I may lose it all; and am okay with that. Otherwise, I would be as far from the market as I can be (and have been for the past 8 years.)
Appreciate the thoughts. What I am wanting to do is play with a little money that isn't a big deal if I lose some or all. I currently have a financial advisor and am going to leave everything with him. He frowns on cannibus stocks and other far out stuff I want to gamble on
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Old 04-11-2017, 08:52 PM   #13
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I've been using capitol one which is who bought out sharebuilder. I don't have experience elsewhere but have next to zero issue with the platform for 10 years. I am petty active I would say.
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Old 04-11-2017, 09:27 PM   #14
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I use Schwab. Simple,easy, pretty inexpensive.
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Old 04-11-2017, 09:57 PM   #15
JeffJ
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Quote:
Originally Posted by TejasNW View Post
I set up a TD Ameritrade account recently and was very happy with the process. All online, no CS involved. Funds cleared in a day. They gave me 500 free trades (expires in a month or so?); so have built a position moving in when the time was right, without any costs.

Overall the process was easy. Trades have been seamless. I have set my price targets, and they have executed without a hitch. Can't be happier.

On the other hand, about a year ago, I tried the same thing with Trade King (now bought by some other online broker.) Funds took 3 weeks to clear. Had to have several conversations with Customer Service, all unsatisfactory. Turned me off online trading for a while.

That has been my experience for what it is worth. More free advice, this market shows a real top; and a huge downstroke on the way. If you must be in the market, be nimble. Don't get greedy; and don't dance far from the door in case the drapes suddenly burst into flames. I invested a small amount of money that I am okay if I lose on oil company stocks trading at 1/50th of their peak value; in hopes they can hang on until sub sea returns. I may lose it all; and am okay with that. Otherwise, I would be as far from the market as I can be (and have been for the past 8 years.)
1/1/09 the S&P was at ~865. Today it closed at 2353...
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Old 04-11-2017, 11:15 PM   #16
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Quote:
Originally Posted by JeffJ View Post
1/1/09 the S&P was at ~865. Today it closed at 2353...
I hope you are right. I really do. However, my personal belief is that the market is a rigged environment and there is no organic growth to support these levels. In a market where Black Box HFT has gone from tin foil hat theory to admitted reality by the exchanges, there is no place for me to compete on a level playing field. So I am out.

But I do wish nothing but prosperity to those whom trade. It is just not to my liking at present. Good trading. (http://www.zerohedge.com/news/2017-04-11/you-are-here )
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Last edited by TejasNW; 04-11-2017 at 11:30 PM.. Reason: referencing article
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Old 04-12-2017, 08:12 AM   #17
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Quote:
Originally Posted by TejasNW View Post
I hope you are right. I really do. However, my personal belief is that the market is a rigged environment and there is no organic growth to support these levels. In a market where Black Box HFT has gone from tin foil hat theory to admitted reality by the exchanges, there is no place for me to compete on a level playing field. So I am out.

But I do wish nothing but prosperity to those whom trade. It is just not to my liking at present. Good trading. (http://www.zerohedge.com/news/2017-04-11/you-are-here )
My response was due to your eluding to being far away from the markets for the last eight years. Did I read that wrong?
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Old 04-12-2017, 08:23 AM   #18
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I've had Scottrade for a long time and have been very satisfied.
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Old 04-12-2017, 08:59 AM   #19
TejasNW
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Quote:
Originally Posted by JeffJ View Post
My response was due to your eluding to being far away from the markets for the last eight years. Did I read that wrong?
No, you read it correctly. I have had no skin in the game for a long time. I have watched and tried to make sense of it; but came to the conclusion that it was not where I wanted my money.
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Old 04-12-2017, 09:02 AM   #20
Axe Man
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I started a TD Ameritrade account about a week and a half ago. It has been good so far. Easy to use and plenty of tools available. Now I just need some trades to go my way and I'll be up and going!
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Old 04-12-2017, 09:10 AM   #21
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I've used TD for a few years and been happy with them.
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Old 04-12-2017, 05:32 PM   #22
junkmanhunter
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Thanks for the input. I am going to check into a couple the next few days.
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Old 04-12-2017, 05:35 PM   #23
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I use scotttrade in Round Rock, I can go there and talk to a real person if I want to...
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