Buying Stocks Online?

IN54NE · 11-03-2008, 08:28 AM

...

JB135i · 11-03-2008, 08:48 AM

I understand the premise or starting small, but remember there are transaction fees for every trade.

And with a transaction of a "couple hundred bucks" the fees can be a large cost percentage-wise.

But it will give you access to many of the trading tools and give you a feel for how things work.

I guess what I am saying is don't do too many low dollar trades to learn.

$9.99 fee on a $100.00 trade = @10% cost

I think I saw TDAmeritrade was offering free trades for 30 days on TV the other night, that would be a great way to learn. Read the fine print...Look at all their websites for this type of intro special.

I wish I had some more cash on hand right now, man there are some friggin bargains out there right now, DAMN.

mikeo · 01-23-2009, 03:59 AM

Resurrection!

So what did you do?

I opened a equities trading account with TradeStation to get their charting software and have been doing a few trades a week in Exchange Traded Funds (ETF). No futures trading yet--I have to follow my trading plan and become consistently profitable over 6 months time before making that leap.

singular · 01-24-2009, 12:10 AM

Quote:

Originally Posted by mikeo

Resurrection!

So what did you do?

I opened a equities trading account with TradeStation to get their charting software and have been doing a few trades a week in Exchange Traded Funds (ETF). No futures trading yet--I have to follow my trading plan and become consistently profitable over 6 months time before making that leap.

Easier said than done!

One site I suggest you check out is stockcharts.com.
They have a lot of really great charting tools and many articles on the finer points of technical trading.

mikeo · 01-24-2009, 12:15 AM

Thanks, and yes, I'm familar with StockCharts.com--a very good site.

mugennosora · 01-24-2009, 12:16 AM

I trade my with Bank of america.

bolinp78 · 01-24-2009, 09:34 PM

Where's that StarTrek .jpeg of Picard with his head in his hands when you need it?

Getting into the stock market with a few hundred bucks, especially right now, has to be the worst idea I've heard in quite some time.

You've gotta learn at some point, yes I agree, but you do that with a mock trading platform. You don't go throw away a few hundred bucks. What are you going to do, buy 3 shares of AAPL, wait till it bounces a few points, sell it for a few bucks profit, pay 35% short term cap gains tax.. .. .. ..

And do not tell me that you are going to buy penny stocks. You may be able to buy more shares for the same amount, but all you are doing is putting yourself in the position to make or lose the same amount of money, in the same amount of time.

sinnet112 · 01-24-2009, 09:39 PM

TradeKing...it's a great discount broker, especially for those who are starting small. $4.95 a trade no matter what, and plenty of resources for research, etc.

MMMazing07 · 01-24-2009, 09:48 PM

i use etrade. $10 a trade. i could get cheaper if i looked around but etrade is really user friendly.

aut0sh0cker · 01-24-2009, 10:12 PM

Quote:

Originally Posted by JB135i

I understand the premise or starting small, but remember there are transaction fees for every trade.

And with a transaction of a "couple hundred bucks" the fees can be a large cost percentage-wise.

But it will give you access to many of the trading tools and give you a feel for how things work.

I guess what I am saying is don't do too many low dollar trades to learn.

$9.99 fee on a $100.00 trade = @10% cost

I think I saw TDAmeritrade was offering free trades for 30 days on TV the other night, that would be a great way to learn. Read the fine print...Look at all their websites for this type of intro special.

I wish I had some more cash on hand right now, man there are some friggin bargains out there right now, DAMN.

with an initial account balance of $2k or more...

josephr25 · 01-24-2009, 10:30 PM

I use Sharebuilder.com as it is directly linked to ING. It's easy to deposit money to and from bank accounts.

NoKids · 01-25-2009, 07:04 AM

why isn't everyone buying oil? 45$ a barrel now, YOU KNOW IT"S GOING TO BE $100 THIS SUMMER AT LEAST! if i had money i'd go for oil, all in

MrHarris · 01-25-2009, 07:13 AM

I work with Scottrade. It's awesome. $7 a trade, and no maintenance fees or minimum trades per month.

josephr25 · 01-25-2009, 09:33 PM

Quote:

Originally Posted by NoKids

why isn't everyone buying oil? 45$ a barrel now, YOU KNOW IT"S GOING TO BE $100 THIS SUMMER AT LEAST! if i had money i'd go for oil, all in

I bought a few shares of GSC a while back.

Spoolin335 · 01-26-2009, 03:00 AM

i use my banks website...
must have a minimum of 5000 though.

Inspired · 01-26-2009, 03:26 AM

what is some good stocks to buy right now? any opinions guys?

I was considering buying 100-500 share of bank of america.. last time I checked it was $5 and then the next day it jumped to $6 not sure whats it at right now though

Spoolin335 · 01-26-2009, 10:57 AM

research the company, and buy when share prices are down.

11-03-2008, 08:28 AM	#1
IN54NE Private 21 Rep 64 Posts Drives: . Join Date: Oct 2008 Location: . iTrader: (0)	... ... Last edited by IN54NE; 11-10-2019 at 09:07 PM..
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11-03-2008, 08:48 AM	#2
JB135i Lieutenant 17 Rep 478 Posts Drives: 135i Join Date: Apr 2008 Location: SW burbs iTrader: (0)	I understand the premise or starting small, but remember there are transaction fees for every trade. And with a transaction of a "couple hundred bucks" the fees can be a large cost percentage-wise. But it will give you access to many of the trading tools and give you a feel for how things work. I guess what I am saying is don't do too many low dollar trades to learn. $9.99 fee on a $100.00 trade = @10% cost I think I saw TDAmeritrade was offering free trades for 30 days on TV the other night, that would be a great way to learn. Read the fine print...Look at all their websites for this type of intro special. I wish I had some more cash on hand right now, man there are some friggin bargains out there right now, DAMN.
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01-23-2009, 03:59 AM	#3
mikeo Santa Fe Concorso 109 Rep 2,984 Posts Drives: '11 M-sport 328i, '13 X1 28i Join Date: Jul 2007 Location: Santa Fe, NM iTrader: (3)	Resurrection! So what did you do? I opened a equities trading account with TradeStation to get their charting software and have been doing a few trades a week in Exchange Traded Funds (ETF). No futures trading yet--I have to follow my trading plan and become consistently profitable over 6 months time before making that leap. __________________ Santa Fe Concorso - The Southwest's Premier Automotive Gathering.
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01-24-2009, 12:15 AM	#5
mikeo Santa Fe Concorso 109 Rep 2,984 Posts Drives: '11 M-sport 328i, '13 X1 28i Join Date: Jul 2007 Location: Santa Fe, NM iTrader: (3)	Thanks, and yes, I'm familar with StockCharts.com--a very good site. __________________ Santa Fe Concorso - The Southwest's Premier Automotive Gathering.
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01-24-2009, 12:16 AM	#6
mugennosora Master Wang 40 Rep 444 Posts Drives: YMB 2016 M3 Join Date: Jan 2009 Location: Framingham MA iTrader: (3)	I trade my with Bank of america.
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01-24-2009, 09:34 PM	#7
bolinp78 G35 convertee 69 Rep 1,008 Posts Drives: 2008 335i (AW) Join Date: May 2008 Location: . iTrader: (1)	Where's that StarTrek .jpeg of Picard with his head in his hands when you need it? Getting into the stock market with a few hundred bucks, especially right now, has to be the worst idea I've heard in quite some time. You've gotta learn at some point, yes I agree, but you do that with a mock trading platform. You don't go throw away a few hundred bucks. What are you going to do, buy 3 shares of AAPL, wait till it bounces a few points, sell it for a few bucks profit, pay 35% short term cap gains tax.. .. .. .. And do not tell me that you are going to buy penny stocks. You may be able to buy more shares for the same amount, but all you are doing is putting yourself in the position to make or lose the same amount of money, in the same amount of time. __________________
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01-24-2009, 09:39 PM	#8
sinnet112 Major 31 Rep 1,118 Posts Drives: 2009 E89 Z4 Join Date: Dec 2006 Location: NJ iTrader: (1) Garage List 2007 335i Coupe [0.00] 2007 328xi Sedan [0.00]	TradeKing...it's a great discount broker, especially for those who are starting small. $4.95 a trade no matter what, and plenty of resources for research, etc. __________________ Z4 sdrive30i \| Deep Sea Blue \| Ivory White Nappa Extended Leather \| ZSP
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01-24-2009, 09:48 PM	#9
MMMazing07 More than you can afford pal....ferrari 189 Rep 1,471 Posts Drives: Z4M Join Date: Aug 2007 Location: MD iTrader: (0)	i use etrade. $10 a trade. i could get cheaper if i looked around but etrade is really user friendly.
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01-24-2009, 10:30 PM	#11
josephr25 Major 72 Rep 1,456 Posts Drives: 2008 E92 335i Join Date: Aug 2008 Location: Irvine, CA iTrader: (2) Garage List 2008 BMW 335i Coupe [0.00]	I use Sharebuilder.com as it is directly linked to ING. It's easy to deposit money to and from bank accounts.
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01-25-2009, 07:04 AM	#12
NoKids Major 327 Rep 1,343 Posts Drives: ... Join Date: Sep 2007 Location: Ottawa iTrader: (1) Garage List 2008 328i [0.00]	why isn't everyone buying oil? 45$ a barrel now, YOU KNOW IT"S GOING TO BE $100 THIS SUMMER AT LEAST! if i had money i'd go for oil, all in __________________
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01-25-2009, 07:13 AM	#13
MrHarris yodog 201 Rep 5,024 Posts Drives: '86 Corolla Join Date: Jun 2007 Location: Diamond Bar, Ca iTrader: (5) Garage List 2009 BMW [10.00]	I work with Scottrade. It's awesome. $7 a trade, and no maintenance fees or minimum trades per month. __________________ 2009 E92 M3 \| Alpine White \| Black Extended \| Advan RS \| Turner Test Pipes \| Dinan Axle-Back \| OETuning \| Eibach Springs \| UUC SSK \| VRS Front Lip \| VRS Type I Diffuser \| Matte Black \| RPi Scoops \| MS Filter \| Yokohama AD08 \| F1 Pinnacle Special Thanks: Gintani \| OETuning \| eAs
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01-26-2009, 03:00 AM	#15
Spoolin335 Justin Herass 355 Rep 1,205 Posts Drives: X6M / M3 Join Date: Nov 2008 Location: Canada iTrader: (7) Garage List 2015 BMW M3 [0.00] 2012 Audi TTRS [10.00] 2012 BMW X6M [9.00] 2007 BMW 335i [9.00]	i use my banks website... must have a minimum of 5000 though.
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01-26-2009, 03:26 AM	#16
Inspired Colonel 153 Rep 2,368 Posts Drives: 335i Join Date: Dec 2007 Location: California iTrader: (2)	what is some good stocks to buy right now? any opinions guys? I was considering buying 100-500 share of bank of america.. last time I checked it was $5 and then the next day it jumped to $6 not sure whats it at right now though
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01-26-2009, 10:57 AM	#17
Spoolin335 Justin Herass 355 Rep 1,205 Posts Drives: X6M / M3 Join Date: Nov 2008 Location: Canada iTrader: (7) Garage List 2015 BMW M3 [0.00] 2012 Audi TTRS [10.00] 2012 BMW X6M [9.00] 2007 BMW 335i [9.00]	research the company, and buy when share prices are down.
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