beenz
Rap Guerilla
I regularly invest in companies that I use if I research them and think the stock might be of value. I have some Nike stock I bought at $51 for instance. It's trading at around $60 today.
ETrade, Schwab, or TD Ameritrade?
- Thread starter VladTheImpaler
- Start date
It's at $17.76 now. Do you think it's going to bottom out more?
beenz
Rap Guerilla
I have no idea. I read that it wasn't gonna go much lower than $20, but it went way below that. if I knew where the bottom was, I'd certainly load up. hell, we all wanna know the million dollar question.
Lots of consolidation over the years. So far I was with ThinkOrSwim before they got absorbed by TD Ameritrade. I also had a Roth IRA account with OptionXpress. Transferred it OptionHouse and then about a year ago, OptionHouse was bought by e*trade.
One thing as a result is that many brokers have multiple options when it comes to platforms/software. Even though I am technically with TD Ameritrade and e*Trade, I still use ThinkOrSwim's desktop/mobile app for screeners and setting alerts, and I use OptionHouse's platform for placing trades and monitoring positions.
I am really happy with my broker and pay $4.95 + $0.50/ct but at 30 free trades a month, I'd contemplate jumping ship myself if Options trading was included lol.
Last edited:
Perfectson
Banned
it sucks everything is poppin and you're in a blue chip stock that is going the other way, sometimes you gotta cut the losses and put that money elsewhere
Perfectson
Banned
have you looked at interactive brokers? I think they will benenfit you if you're doing options. Took a while for me to use the platform but it's solid, they nickle and dime you for data tho
but 4.50 a trade flat makes it tough if you're doing small contacts but lots of volume
Actually I've been researching them this morning after I read your post from 2 months ago. I trade deep in the money options so i usually only purchase 1-3 contracts. At $0.70/ct and no base fee, Interactive Broker looks like a viable broker for me. Need to research and think hard on whether I want to re-learn a new platform though
Even with the potential inactivity fees, it still looks viable. Paying $7.50 quarterly for my IRA is no bueno but still will likely save my money after accounting for reduced commissions over time
beenz
Rap Guerilla
well it's not a major chunk of my portfolio. I can afford to ride it out. I'd rather do that than take the L.
Perfectson
Banned
Actually I've been researching them this morning after I read your post from 2 months ago. I trade deep in the money options so i usually only purchase 1-3 contracts. At $0.70/ct and no base fee, Interactive Broker looks like a viable broker for me. Need to research and think hard on whether I want to re-learn a new platform though
Even with the potential inactivity fees, it still looks viable. Paying $7.50 quarterly for my IRA is no bueno but still will likely save my money after accounting for reduced commissions over time
the data fees is what you need to look out for. They charge for "real-time data" , especially for stock data, they waive certain fees if you do like /$30 a month in trades (which i typically do). I do small 1-10 contracts but i'm usally in an dout of 7 trades in a week.
but yeah when i first started out i was using ox and doing the same thing, thinking i was making money then saw my profit statemetn and saw how much i paid in commissions...i was sick. OH has a better commission then OX at the time, so it may all even out for you once you price in data.
Perfectson
Banned
there's other strategies , you can sell calls against your stock holding (but i'm assuming you have less than 100 shares so that won't work for you).
Looking at tastytrade as a potential Options brokerage now as well. They are from the same dudes that founded ThinkOrSwim before it was sold to TD Ameritrade.
They charge $1/ct for options and no closing fees. Because of the way I trade, that works out to like $1-4/trade (plus market fees which are usually pennies).
They charge $1/ct for options and no closing fees. Because of the way I trade, that works out to like $1-4/trade (plus market fees which are usually pennies).
Just downloaded ThinkOrSwim to my Chromebook (via Linux)
Well, just about all the major brokerages are now commission free.
Are you looking to trade just stock or ETFs, options, etc...? Invest in index funds?