What brokerage is good for someone without a large amount to invest in the stock market?

Question

but you want to day trade as well as do on line trading?

Also if you are not looking to rely heavily on a broker other than to record the sale , record purchase of stocks etc ?

Answer 1

You can get a full array of services, info and tools through Scottrade...even small investors...BUT you will not be able to " daytrade" without a bankroll. You never want to go on margin..( borrowing) ... so for every trade you make, when it comes time to " sell" you should have at least that much cash in your account... and wait the three day settlement period to make your next trade... and if you lose track, or are a poor accountant... you can be suspended from trading very easily.

Soooo...just be satisfied to GET IN...make some small trades...but hold for a week, ten days...see how you do.... and wait between trades...

You will be more of an " investor", but " short- term" for sure !!