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marty said: "I am 15 and currently the only trade I have done is through my dad and his broker. Is there any way, at my age, that I can make trades independently? I want to trade penny stocks, and it would be difficult to do that with the delay between telling my dad, convincing him, and him calling his broker, etc. What kind of bank account (if it is possible) would I need? What could I use to trade? Should I use an online trading system, if possible? If so, which one?
Thanks a lot for your help!
So far I have 25000 shares of RSHN.PK."
kevin21boston said: "[QUOTE=marty]I am 15 and currently the only trade I have done is through my dad and his broker. Is there any way, at my age, that I can make trades independently? I want to trade penny stocks, and it would be difficult to do that with the delay between telling my dad, convincing him, and him calling his broker, etc. What kind of bank account (if it is possible) would I need? What could I use to trade? Should I use an online trading system, if possible? If so, which one?
Thanks a lot for your help!
So far I have 25000 shares of RSHN.PK.[/QUOTE]
sup bud. i am 16, so i am in the same boat as you. what i did was open a custodial account on etrade. the account is in my moms name, but i control every aspect of it.
post any questions you have."
marty said: "[QUOTE=kevin21boston]sup bud. i am 16, so i am in the same boat as you. what i did was open a custodial account on etrade. the account is in my moms name, but i control every aspect of it.
post any questions you have.[/QUOTE]
thanks for the fast response!
I will see if my parents will make me a custodial account. I also need some money to start out. Maybe I can convince them to give me a little bit of money from my savings to play around with...
I will bring it up next week."
jhealey said: "Try lowtrades.com for pinks, thats what seems to be the popular choice around here. I use e*Trade but I trade mid and large cap stocks."
drsuck said: "[QUOTE=marty]I am 15 and currently the only trade I have done is through my dad and his broker. Is there any way, at my age, that I can make trades independently? I want to trade penny stocks, and it would be difficult to do that with the delay between telling my dad, convincing him, and him calling his broker, etc. What kind of bank account (if it is possible) would I need? What could I use to trade? Should I use an online trading system, if possible? If so, which one?
Thanks a lot for your help!
So far I have 25000 shares of RSHN.PK.[/QUOTE]
I'll get you a fake ID and a semi-legit SSN and we'll make you 22 and get you trading early ;) But your name will be Raheed Muhammed :D Just kidding the best thing to do is have your dad open one and just trade under his name and whatever profits you get they're yours.
Dr. Stock"
kevin21boston said: "[QUOTE=drstock]I'll get you a fake ID and a semi-legit SSN and we'll make you 22 and get you trading early ;) But your name will be Raheed Muhammed :D Just kidding the best thing to do is have your dad open one and just trade under his name and whatever profits you get they're yours.
Dr. Stock[/QUOTE]
LOL! thanks, i may have to get a new keyboard cuz i spilled my sprite! :D"