who here plays the stock market?

[surftb15 10+ year member]

noone pays 20 dollars of commission anymore. Eturd, scotturd and all of those are around 6 bucks.

zecco is even free

http://www.zecco.com

 

[Flipx99 5,000+ posts]

I am talking about the weakest form, and there has been many people who have done Ph.D thesis's on the subject and in the end the weak form is essentially true.
#2 a 19.99 commission is pennies on a 50k transaction, but then lets say you do 100 transactions a year, which I would expect is pretty minimal for a "day trader", then 19.99 x 100 = $1,999. Now that may seem insignificant as well until you start compounding 2k a year at 11% over 30 years... it's 5.6mil... not an insignificant amount...

of course if you are making money the whole time I suppose you can ignore that. but just how often are day traders right?

too many investors forget about fees and commissions, and lose REAL value over time.

I'd rather buy a SOLID company that is undervalued and hold it indefinitely... a company with solid management will grow value by either re-investing it's retained earnings or spinning them off as dividends, which can be used to purchase more of the stock...

1. Not to further argue, but if you place 50 trades per year, no one is gonna charge you $20/pop. Even e-trade discounts for day traders.

2. Even in weak form (which I agree) it makes holes in the system for opportunities.

3. I would say the spread is more of a problem than transaction fees. I can't dillute a spread via volume

4. I agree 100% in the long term. Long/Medium term, I am also a value investor.

 

[AcidicDreams 10+ year member]

noone pays 20 dollars of commission anymore. Eturd, scotturd and all of those are around 6 bucks.
zecco is even free

http://www.zecco.com

Free is nice... looks interesting, if they manage to stay in business forever and maintain free trades...

and even 6 bucks comes in on both ends... 100 trades x 12 is 1,200

 

[surftb15 10+ year member]

i know one person that uses zecco. only problem is slow execution.

 

[Flipx99 5,000+ posts]

WOuldn't limit orders help?

 

[surftb15 10+ year member]

WOuldn't limit orders help?

can only do limit orders on pennies,

even on the big boards i never use market orders.

it can help you, or kill you. more likely the latter, as they can fluctuate the price to get you to buy higher, or sell lower.