Ok so yesterday i called suretrader and was explaining to them that i want to open an account with them but that i am not a us resident. So they gave me all the info on what to do, but after doing some research on the webb i found out that there is a lot of bad reviews on suretrder. Basically they have:
- bad customer service ( but they are claiming that they have good customer service today!)
- the platform does not have good executions, mainly the webbase trading platform, i am not sure about the pro platform
- they are placed in bahamas, mainly because of the sec rule pdt rule. But some people are claiming that suretrader brokerage is a scam and that you can lose your money.
- paper trading demo is only a week, talk about greed.
But the good thing is that you can open a suretrader account only with 500 $ wich is good for me because i blew my 7k on stupid things instead of investing( i mean trading) them on penny stocks, talk about that i made a big mistake there.
So today i found about another brokerage called td ameritrade, but i dont know if they are any good for penny stocks ( if you go long and short ). But i like that they have thinkorswim platform and they also look more legit than suretrader.
Until i finde a good brokerage that fits my wallet (500-1000 $), i will learn from tim sykes dvds. I have basically his old dvds that i bought from ebay heh. And soon i will also subscribe to his alerts mainly to see what he is doing, like the entries and exits on stocks.
Before i go, i wonder if somebody here can give me good tips on where to finde good brokers for buying and shorting pennystocks with only 500 to 1000 dollars start capital, and i will be also thankful if they have paper trading demos to customers.
E*Trade is good for longing any stock. They do have decent shorts but at this point focus on learning the patterns. You dont have to nail every play or play them all.
Just started watching Tim's DVD How To Make Millions (on Disc 3). He uses E-Trade Pro simply for the graphs. He states many times that he would never actually trade w/them (Video was made 7 months ago). SureTrader and TD Ameritrade were both recommended for smaller accounts
I have TD right now but hate the PDT rule. I actually opened an account with Suretrader not too long ago. Im just waiting on account activation. I miss out on so many trades because of the stupid PDT
Ok so i will skip TD because of the PDT rule and go with suretrader, i hope that their pro software wont glitch or crash durng the trading. But before i do that i am going to sign up for paper trading with TD. I got to learn first how to trade. Thanks for the info guys
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