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What is your average trade size?What is your average trade size?
AlfredSokol said: "Mine is between $6,000 - $10,000.
I found I just couldn't make money on any other amount. This is a bit of a "sweet spot" for me.
What is your average trade size, and why?"
WellsTrader said: "3-5k because thats all I can afford to invest or lose on a given day."
AlfredSokol said: "That's still a good sized trade. And it gives you leeway where you can buy 100 lots of $30-$50 companies. Those are usually some excellent trades."
ToastMonger said: "Lol I'm like $250. I'm hardcore poor."
HappyHarry said: "At $250 the commission costs must be overwhelming.
Can't you go shovel some driveways or something and at least double that? :confused:"
WellsTrader said: "I hate commission fees. I trade 3-5k everytime and still pay almost 25 bucks a trade. Does anyone know a good place for me to take my business. I am getting a little sick of Wells Fargo and all there fees. The kind of havea monoply on the midwest banks where I am from. Well.... them, and US Bank."
HappyHarry said: "[url=http://www.scottrade.com]Scottrade[/url] has $7 market orders and many, many branches.
I've always enjoyed them and [url=http://www.ameritrade.com]Ameritrade[/url]
Both very good online discount brokers."
WellsTrader said: "What about etrade, what are they like?"
misterjover said: "$2-4k per trade with TD, and I pay about 10 per trade."
ToastMonger said: "[QUOTE=HappyHarry]
Can't you go shovel some driveways or something and at least double that? :confused:[/QUOTE]
Shovel what? I live in Phoenix, we were amazed to get a quarter of an inch of rain. The hail last week was front page news."
AlfredSokol said: "[QUOTE=WellsTrader]What about etrade, what are they like?[/QUOTE]
E-Trade had a very nice interface, but I believe they're a bit more money, like $20 each way. They have some nice tools in the account, though."