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hjtrader
hjtrader May 24, 16 10:29 AM

im not sure but i think IB and Light speed charge you per share when you buy and again when you sell,..So for light speed and IB you have to multiply 30,890 buy their cost per share that is .005 for IB .0065 for Light speed Example 29 Trades total(Buy and Sell) TOS 29*9.99 287.1 Etrade 29*9.99 287.1 IB 30890 Buy 154.45, sell 154.45 Light speed 200.785, sell 200.785 Once again im not sure, new trader also

hjtrader
hjtrader May 24, 16 10:33 AM

if i buy 5000 shares, IB will charge me 25 to buy, and again 25 to sell..but it will only cost me 20 with etrade and TOS

ragetoca
ragetoca May 24, 16 12:41 PM

@hjtrader Yes, but what if you make 30 trades on a month? 30 x 20 = $600

hjtrader
hjtrader May 24, 16 2:59 PM

its all relative, if im buying more stocks and selling the stocks same day, other brokers are better...example 5000 shares buy (25) and sell 5000 (25), thats total 50+ with IB and Light speed,, if i do this trade with TOS or ETRADE thats only 20...so its all realtive...more trades ot more shares

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Joe_Wall_Street
Joe_Wall_Street May 23, 16 2:30 AM

The key to trading with Cash accounts is to only trade with settled funds. If you have $10,000 in your account and you perform three days trades on Monday then you'll have to wait for those funds to settle 3 days later before you can trade with them again. I converted one of my TD Ameritrade margin accounts to a Cash account and day trade options every week and do more than three day trades and never got flagged.

Joe_Wall_Street
Joe_Wall_Street May 23, 16 2:45 AM

Also, the way I understood it back when I was with Scottrade, if you have a Cash account with $10,000 in it and you use $5,000 to to day trade on Monday, those funds won't settle until 3 days later, which is Thursday. You can still trade before Thursday but can only do so using the remaining $5,000. If you day trade with the remaining $5,000 on Tuesday then those funds won't settle until Friday.

Joe_Wall_Street
Joe_Wall_Street May 23, 16 2:48 AM

Where I think things can get a little ugly with Cash accounts is that the 3 day settlement period applies to both day trades and swing trades. Even if you hold your positions overnight and sell them the next day you still have to deal with the 3 day settlement period whereas you don't have those types of restrictions when swing trading with margin accounts.

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Nathan_casey
Nathan_casey May 02, 16 1:40 PM

Same that would have been like a 16% win

Rollingball
Rollingball May 02, 16 11:37 PM

I made a second mistake here. I saw it bouncing .36-.39 and placed a buy order for 3K at .35 I forgot to cancel the order before I went on the road and now I'm sitting on an unrealized loss of $235.00 UGH!

Rollingball
Rollingball May 02, 16 11:44 PM

@hjtrader At least it looks like PTX may have another spike. You couls still have a chance there.

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novice
novice May 01, 16 3:15 PM

@Palmer Are you familiar with TOS mobile platform? I just installed it on my ipad and was wondering about Level 2 can't locate it in the mobile app. Is it not included?

Palmer
1
Palmer May 01, 16 4:07 PM

I know it is on my Android. When you click a ticker in your watch list and see the 'level 1 screen' press the small 3 dot icon in the lower right of the screen and select show ### details. You will see Chart News Options and Depth. Select Depth and there is your level 2. I want to say that L2 is on the ipad ap also but it has been a while since I've used the ipad ap...

novice
novice May 01, 16 9:53 PM

@Marcel78 put the @Palmer in your question to him otherwise he won't get an alert about your message because this isn't his thread. Cheers

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hjtrader
hjtrader Apr 25, 16 10:55 PM

@DRtrades Hey, same here strting with a $300 account ,beta testing . What tools and platforms do you use?

DiegoRodriguez
DiegoRodriguez Apr 25, 16 11:04 PM

Awesome, I'm using td ameritrades thinkorswim for my platform, and I use finviz as my scanner.

hjtrader
hjtrader Apr 25, 16 11:06 PM

Nice!!!, im using robinhood for trades and tradingview.com for stock analysis and thelion.com for screening

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Rollingball
Rollingball Apr 26, 16 8:57 PM

@novice Make sure it also says"Over 1 Million copies given away, er, Sold"

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