Do any of you guys do online trading with e-trade or any other site like that I'm considering trying it out and just wanted to know what you guys think.


edit: cause hey when the market is down that the time to buy right

 

How about this anyone here know anyone who does it.

 

I would probably wait until it settles down a little. Doesn't look to good lately. 3 year low yesterday and who knows what other companies are going to file for bankruptcy. Gotta love when a CEO of a company can write themselves a $20+ million dollar bonus, company goes down the ******* and then the government bails them out to raise the debt when all the CEO's could bail themselves out... Instead of constantly bailing out companies they should just throw all CEO's in jail and that will solve all this bs.. gotta love it.

 

This guy does it..

http://www.youtube.com/watch?v=6vW9gUmooFg

http://www.youtube.com/watch?v=3xQLTxvDkk4

http://www.youtube.com/watch?v=eJqnitjqpuM

 

Yeah, when the market is calm. It's lost almost a whole percentage in the last two days alone. If I had anything in there, I'd be selling and accepting my losses.

 

I work for a securities firm (stocks, bonds, mutual funds, etc.) and while this attitude is understandable to me, it doesn't help the economy at all. People are calling our firm left and right, freaking out and wanting to sell everything they have, close their accounts, and liquidate all their assets. Those people watch too much CNN and MSNBC and are the type to believe everything the media tells them without looking further into it. The media blows everything out of proportion. The market is not doing well at all right now, but the media makes it much worse than it is... just like they do with everything else.

Lazerred6, I've heard E*Trade and Scott Trade (or however it is spelled) are pretty good. If you want an expert's advice on what to buy, you should call a securities firm in your area and ask to speak to a financial advisor or a stock broker. If the receptionist is like me, she'll think you're a telemarketer. Just tell her (or him), that you are new to this and you are thinking of opening an account, but you just want to know if now is the right time to buy or not. If you get through to someone, you can ask them about the online trading. Not listening to the media and calling a firm is the best thing you can possibly do.

 

Yeah I had heard that to sell in a slump is the worst thing you can do and while it might be hard riding it out is the way to go

 

That's right. That's what our brokers tell everyone. When my friend (broker) gets finished with his client, I'll ask him your question and see what he says and I'll post it back here.

 

Thanks I really appreciate it

 

Talk about hard to ride out, my parents have their retirement fund in there and we lost $20,000 in since Monday.

 

Lazer, I talked to the broker and he said that online trading accounts are really only good for people who will be doing a lot of trading. He said the easiest and best thing to do if you really want to trade, is to set up an account at a local firm and get a broker to give you advice. Start small and work your way up.

 

Alot of trading as in (high dollars/large # of shares) or as in trading what you have often cause I want to really get into it. it's where I want to spend the money I would normally spend on entertainment I figure I could go to a casino and blow it or play with it in the stocks. Right now I want it to be more of an entertainment thing than a thing where I put big dollars into it until I atleast know what I'm doing.