If you don't need level 2, then skip the Nasdaq total view, but if you don't have it with someone else, your going to want it. Even with all he suggests it just comes out to like $28 which is pretty good considering E*trade charges $99 a month for their pro platform.

And like another was saying, you can open a td ameritrade account and use their free thinkorswim platform which has level 2 and still trade with IB. That said, hopefully you'll be making enough trading to cover the $28 so if you don't want the hassle of making another account just bite the cost.

ok thanks but what do I have more with the level 2

Your gonna have to do some research on it. If you don't know what level 2 is then your not ready to start trading.

I was actually wondering the same thing. @ERtrader12 do you have Stocks to Trade? if so would you say it's necessary to have any other Market data subscriptions through IB? Am I able to trade OTC markets and Pinksheets with the standard data subscription?

@ERtrader12 @Goldenboy602 Also guys do you know why I see question marks replacing the latest candle sticks. Its really annoying and I can never see what is currently happening with the stock.

@Goldenboy602 no i don't have STT.. and in order to trade OTC you have to go to Account Management and under "Permissions", you'll be able to select Penny stocks

@markdude100 do you have money in your account yet, only time that happened to me is before I actually funded my account. If you're paper trading with IB, then it's delayed like 20 minutes which is where question marks come from

Watch "Trading Tickers" by Tim Grittani it covers breakouts very well.

I was looking to get in at .75 today and I has a chicken. and yesterday I was looking at entering at .68 and I was a chicken.

@Chickentrader52 I was chicken yesterday but I knew this morning there would probably be a morning spike I ended up having an important phone cal right when it started spiking in the morning. So I waited for MGT to come down and I thought I had a great entry but played it very safe when it hit resistance at .84. I was hoping it was going to break .84 on that first bounce.

Having only 3 day trades a week sucks. You have to be very selective on what stock you decide to trade. I have a cash account so I have another hindrance of having to wait 3 days for funds that I've traded with to settle. If I didn't have that to slow me down I would have got in on the $MGT action.

@ironmiketyson86 @R3negadeTrader Can one of you please explain to me how IB's commissions work? It seems like 0.005 is a lot especially if youre buying like 5000 shares of a 0.50 cent stock.

@markdude100 yes, you're going to see higher commission for transactions for bigger shares but it's totally worth it being able to find shares to short on almost every company. locates are amazing even when they say they don't have shares to short.

they also cap the commission for sub $1.00 stocks at .05% of the total transaction... e.g., if you're shorting 5000sh of a .50 cent stock, your commission will be about $25 i/out... hope this helps

I also recommend IB. The commisions may be a little bit higher on large positions of very low price stocks, but the short availability is great. Etrade can't come close on short availability. Both seemed to have good executions. IB is cheaper on more expensive stocks if you trade them much. Good luck with the choice and good trading.

Thank you for your insight,very useful. Have fun on vacay!

BTW, Have you seen the run up on $GOL lately? Wow

@EBickford1 as I was saying...

@HebrewHammer good call. It did bounce pretty well back, but it could be dropping again. Might be a good dip buy if it keeps fluctuating like this

You're awesome.

thx Tim it's great to see your thinking process when identifying your watchlists

$SNDY pump strategy straight out of the dvd ! its cool to see my watch list match yours !

Nice watch list. I was also very interested in a few of these.

ECA looks bullish, LONG in my opinion

Thanks mark, and I think ECA will probably uptrend sideways for a bit, but there's too much negative momentum. Watching for resistance tests. Anything can happen.

Mark, it is absolutely not worth holding pennies for a long time. Why do you think Tim and others have made so much shorting them?! Because there natural tendency is to go down. By nature they are "penny stocks" and are all but destined to fail in most cases. Best advice I can give for the future is go into the trade with a strict plan. Say you thought GBSN would break through a certain price but didn't, just cut your losses and move on. Never, ever hold pennies for 2 weeks either. We are here t

-We are here to make profits, get in and out quickly! Best of luck to you :)

@jaztrader4 Thanks man, really appreciate it!

Tim does not buy and hold. Do not invest in pennies. You day trade pennies and small caps. Review the video lessons. Buy earnings winners. Short pump and dumps. Review the rules and study. We also cannot give you financial advice. See a certified financial expert if you need help.