Yes!
I'm a member of Ally as well and emailed them to ask the same thing. They don't allow it.
Charles Schwab Ending Online Trading Commissions on U.S.-Listed Products
- Thread starter winb83
- Start date
I'm a member of Ally as well and emailed them to ask the same thing. They don't allow it.
If Fidelity allowed that they'd get all my business. I been working on buying a share of Google since July and I'm a quarter of the way there on SoFi.
Yep...here is the official stocks thread: https://www.thecoli.com/threads/boiler-room-the-official-stock-market-discussion.28619/
If you're a beginner to stocks I recommend reading investopedia.com first.
If your job has a 401k, I would contribute up to the company matching.
Have you maxed out a Roth IRA?
I would do those first before individual stocks.
Entry into the market has never been more accessible, brokers are targeting teens with stock fractions so anyone and everyone can jump in. Sound advice, but you don't need all of that to get something started and grow it. All you need is to know the difference between making money or losing it comes down to due diligence, trading strategy, and risk management. The vast majority that jump in have none of the three which is why 95% lose and quit.
Studying past trends on charts to predict entry/support & resistance levels, following news, and controlling emotions are the most important parts. Most of trading is mental. Next is figuring out what you want to trade and looking up strategies that match how frequently you want to trade. For risk, it's smart to never risk more than 1% in case shyt goes south and you can't get out in time. Also it's smart to start super small, play around with penny stocks when starting out.
For brokers, since everyone's dropped fees mostly it's never mattered less which one you pick. It's also good a few of these brokers have paper/simulated trading so you don't have to risk anything until you're ready and you still get experience, although nothing is like watching actual money in the market fluctuate and dip.
Off top I know TD Ameritrade & E*Trade have simulated trading. Can't speak to E*Trade but TD/Thinkorswim has a learning curve. I started out paper trading with them and went to Robinhood for a bit, it has the simpler interface and I just felt more comfortable losing in it starting out. You're either buying or selling so it's plug and play in that regard. So my recommendation is Robinhood until you've got your sea legs then jumping to TD, Fidelity, E*, etc. You don't get paper trading with them but if you mess around with penny stocks, get a feel for how the market moves, etc. you'll only stand to make or lose pennies. Plus no minimum requirement so you can put in only like $5 if you want and get instant deposit. You even get 1 free stock for joining.
Here's a link to reviews on a few of them
Best Online Stock Brokers for Beginners 2019 | The Ascent
Studying past trends on charts to predict entry/support & resistance levels, following news, and controlling emotions are the most important parts. Most of trading is mental. Next is figuring out what you want to trade and looking up strategies that match how frequently you want to trade. For risk, it's smart to never risk more than 1% in case shyt goes south and you can't get out in time. Also it's smart to start super small, play around with penny stocks when starting out.
For brokers, since everyone's dropped fees mostly it's never mattered less which one you pick. It's also good a few of these brokers have paper/simulated trading so you don't have to risk anything until you're ready and you still get experience, although nothing is like watching actual money in the market fluctuate and dip.
Off top I know TD Ameritrade & E*Trade have simulated trading. Can't speak to E*Trade but TD/Thinkorswim has a learning curve. I started out paper trading with them and went to Robinhood for a bit, it has the simpler interface and I just felt more comfortable losing in it starting out. You're either buying or selling so it's plug and play in that regard. So my recommendation is Robinhood until you've got your sea legs then jumping to TD, Fidelity, E*, etc. You don't get paper trading with them but if you mess around with penny stocks, get a feel for how the market moves, etc. you'll only stand to make or lose pennies. Plus no minimum requirement so you can put in only like $5 if you want and get instant deposit. You even get 1 free stock for joining.
Here's a link to reviews on a few of them
Best Online Stock Brokers for Beginners 2019 | The Ascent
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Charles Schwab in talks to buy TD Ameritrade, a deal could be announced as early as today, source says
Anybody holding TD stock, you're up 20%
If you're not holding, look at ETFC, they're next
Anybody holding TD stock, you're up 20%
If you're not holding, look at ETFC, they're next
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Berniewood Hogan
IT'S BERNIE SANDERS WITH A STEEL CHAIR!
Woah!