WDP-Acura TL

Who uses E-trade? I'm tempted to try it but don't know yet because I never did this before so I'm a little hesitant which is normal. Need someone to guide me and explain to me a few things about day trading on-line. Is it simple and easy to learn once I get the momentum going? And are there any other day tading sites that may be better and how much do I pay for there services? THanks

Amoeba

If you want to do true day trading use www.choicetrade.com $5 flat commision for buy or sell, i will be using www.freetrade.com but they require 2 years of experience.

Day trading is a lot harder than you think, I started with $2750 got to $10k now I am at $3,050 today. I am still learning every day, and now learning how to do techincal analysis instead of just fundamentals research.

Amoeba

Also if you are talking about daytrading big stocks from the real exchanges I cant help sorry.

Doc.Booty

If day trading were easy, everyone would be making millions doing it.

rise

is technical analysis on penny stocks useful at all?

Amoeba

rise, technical analysis is very very useful as a matter of fact for penny stocks, now based on speculation, dilution, and other factors TA isnt the only thing that should be used, but its great for finding bounce plays and other things

Doc.Booty

Of course. The more information you have the better. But that doesn't rule out the possibility of people getting spooked by bad news and the stock tanking. Or someone in management ruining everything and the company going broke.

Amoeba

BTW abreece, I am about to switch to www.freetrades.com it is internet only its ameritrade service you pay $14.95 for the ameritrade streamer and level II quotes, and each month first 20 shares = $0 commission after it is $3. Can't beat it. Although you need $5k to start a margin account there. Ill be signing up soon.