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
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
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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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.
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.
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.
Day-Trading Margin Requirements: Know the Rules http://www.finra.org/investors/day-trading-margin-requirements-know-rules
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Same that would have been like a 16% win
@Nathan_casey yep. 16-18% win that I let slip by me because I did not hit the button
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!
@hjtrader At least it looks like PTX may have another spike. You couls still have a chance there.
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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...
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I use etrade pro on my pc and either the etrade app or TD ameritrades app on my mobile for level 2
Thanx !!! @nighthawk23 is level II avaialble on simple etrade or thinkorswum account?
I only have used etrade pro and think or swim and both have level 2.
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@DRtrades Hey, same here strting with a $300 account ,beta testing . What tools and platforms do you use?
Awesome, I'm using td ameritrades thinkorswim for my platform, and I use finviz as my scanner.
Nice!!!, im using robinhood for trades and tradingview.com for stock analysis and thelion.com for screening
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@Rollingball @Rollingball good idea "Buying at the Top so that you can be secure in your Shorts(double entendre)"
@novice I like it. Sounds like a New York Times' Best Seller!
@novice Make sure it also says"Over 1 Million copies given away, er, Sold"
@Rollingball That is fantastic. lol
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thanx guys!!!
The best free Analysis tool is of course YOU!!
trading view.com is great for charts and yeah like @ExTrader said thinkorswim is great also, I use it for paper trading since I'm relatively new also
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@hammaadjam just became a fully transparent trader today!
what software do you use to record your screen Bob?
I just use the video feature on the profit.ly website.
awessome
Thanks Bob
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