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Im looking for a stock market website? |
I just signed up with Scottrade, but the kind of investing i want to do is buying and selling everyday or so. I know Scottrade is $7 per trade with little commision and I dont think that is going to be working if I want to trade on a regular basis. I'm afraid I don't know of any. Unless you're talking about big-dollar transactions, the trading costs of "buying and selling everyday" will eat you alive even at discount brokerages. Few people succeed at this. I feel your pain. I trade stocks daily and get killed with fees and commission costs. Scottrade is probably one of the lowest. I use sharebuilder, but I wouldn't recommend them, since they have poor customer service and they're rates are ridiculous. 11.95-15.95. Screw that. Anyways, I dabble a lot of everyday trades, but like a previous poster said, it is indeed like playing poker or gambling. Hopefully you're psychic or very lucky, because most stocks are unpredictable. When I first started trading, I dabbled a lot into penny stocks. I would buy 5,000 shares at a time at 5 cents and try and sell them when they hit 7-8 cents, for a decent turn around. Well, there are a whole lot of flaws with that plan right there. Trust me, I lost a bit of money because I had no idea what I was doing. |
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