What is the best day-trading company for me to sign up with?

August 9th, 2008 | by Adam |
trading
gianinni asked:


I am interested in day-trading in the stockmarket. What companies offer the best deals?

  1. 3 Responses to “What is the best day-trading company for me to sign up with?”

  2. By SageConstableOdo on Aug 11, 2008 | Reply

    None. Do not day trade. Take this from an experienced investor with a strong background in Finance.

    You are never going to get much daytrading and more likely to lose what you have.

    Take the investment approach, not day trading.

  3. By edco on Aug 11, 2008 | Reply

    Depends..

    Is your strategy technically based or fundamentals?

    Do you back test your trades?

    Can you identify a channel from a break out?

    Or are you just looking to get poor quickly..

  4. By Ron Berue on Aug 13, 2008 | Reply

    To answer your Q - sort of:
    On a consistent basis - every day, you MUST have in your trading account: $25,000 U.S. CASH - no excuses, no positions or trades - pending or otherwise.
    COLD, HARD cash.

    As soon as your trading account goes to
    $24,999.99 a whole new set of rules comes into play.

    This is not the broker’s rule. This is an S.E.C. rule.

    If you have this money in-hand, there are a myriad of companies who will be more than happy to allow you to open an account.

    Some advertise on a consistent basis. Others have to be “tracked-down” and investigated.

    You can do trades for as little as $1 per trade up to a certain number of shares OR you can go with a full-service broker who charges a percentage of the trade.

    AND it all comes down to the kind of services and research you need or want for your trading level or ability.

    Thanks for asking your Q! I enjoyed answering it!

    VTY,
    Ron Berue
    Yes, that is my real last name!

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