small single. after fees and comms I made about $1.5. didn't get filled full size. tried getting about 80k shares if I remember correctly. about $700 worth. waiting for Schwab to get back to me for share negotiations to see which account im moving to fidelity and now considering TradeZero too. changing my hands up.
Date | Price | |
---|---|---|
Entry | 12/7/2021 | 0.008 |
Exit | 12/7/2021 | 0.0085 |
- Total Views62
- Position Size30,000
- Percentage6.25%
@billydpc true true and that's good to know! You use them? How are the borrow fees?
Yes I have been using TZ since around March borrow fees are good much better than ET - it varies by ticker but low.
@billydpc what do you like best about them and what do you dislike the most?
I like that they have borrows on almost any penny stock. I really like the fact that I can go long at 0400 Eastern and I can go Short at 0600 Eastern although it is better to wait until 0700.
I can get up get ready and be ready to go anytime between 0600 and 0700 sometimes I have to wait until 0700 for borrow but I really like that I can be early long or short.
The one thing I do NOT like about TZ is it takes a couple days for funds to clear for trading -- ET it is immediate during the weekday. If you fall below 2000 and make a deposit you will miss one full day.
It took a bit of work to set up -- they only work with certain banks but it is WELL WORTH the wait and the effort. I like their free platform very simple, just no trailing stops yet.
@billydpc interesting. So under PDT it takes time for funds to clear like a cash account? But you can short premarket? That's cool. Thank you for sharing!
The Owner Dan (friend of Stephens) -- seems to really know what traders want/need. I like the videos they put out with Stephen and others.
@billydpc I'll have to watch them! Thank you so much for this! I'll keep it all in mind when traders ask me about brokers. When I write an updated blog post, what do must I have in there about TradeZero?
Good Borrows, Reasonable Borrow fees and availability, pre pre-premarket trading, responsive customer support. only $2500.00 to start with DT Margin.
@billydpc perfect and DT margin is day trade margin?
@billydpc thank you for your help!