I want to trade the open Please help.

Discussion in 'Retail Brokers' started by mino2187, Mar 21, 2021.

  1. mino2187

    mino2187

    I want to trade the first 30 seconds of the open and I am currently using think or swim which I found out the hard way not to do that. What brokers are best during this time with no lag?
     
    murray t turtle likes this.
  2. Robert Morse

    Robert Morse Sponsor

    murray t turtle likes this.
  3. Fonz

    Fonz

    The open of what exactly?
     
  4. Robert Morse

    Robert Morse Sponsor

    I assume he means being an active trader around 9:25 am to 10 am ET where many of the online brokers are seeing delays sending orders to Equity Market Makers. We offer routing from 4 am to 8 pm ET and do not offer those routes on our active trader software. We offer these https://www.lightspeed.com/pricing/routing-fees/. Our clients come to Lightspeed for fast order entry and fast execution.

     
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  5. Sekiyo

    Sekiyo

    Pandora box.
     
    Nobert and Fonz like this.
  6. mino2187

    mino2187

    Yea sorry thought it was pretty obvious what I meant. Thanks for the Response Robert. I am strongly considering using light speed but what's stopping me is the commissions for small share size is rather confusing. If I buy 100 shares of xyz and then sell 50 shares then 25 and another 25 shares what would the commissions be on that? *I can meet the min account balance*
     
  7. Robert Morse

    Robert Morse Sponsor

    The starting Per-share rate before volume discounts, is $0.0045/Share, min $1. Any order under 222 shares will still be a $1. If you buy 100 shares, then scale out in 3 trades, that will be $1 in and $3 out. In addition, you will pay routing fees and reg Fees. https://www.lightspeed.com/pricing/routing-fees/
     
  8. %%
    MAKE sure its plenty liquid like SPY,qqq,SPXL..... + try to put in your order 7o minutes or 7 days early....................................................................................................................
    EVERYthing lags\ even speed of sound + speed of light/thats why you ''see smoke'' out of a distant gun barrel on a hi volume doVe shoot before you hear the ''boom:caution::caution::caution::caution::caution:''
    I thought my brokers was trying to limit/rip me off with the odd quote''your order is too far away from the market'' HUH/oops\ i did not mean to put that as a day/expiry @3 cst order.

    Broker was not the problem.................................................................................:thumbsup::thumbsdown:
     
  9. VEGASDESERT

    VEGASDESERT

    Yes, TOS blows on the open.
     
    murray t turtle likes this.
  10. %%
    I guessed stock/ETfs;
    even though i guess right/ make$ a big difference on volume[i'm refering to average day volumeof his tocks ETfs \not his 222 or 223 shares or whatever size he is trading/investing,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,]
     
    #10     Mar 22, 2021