Why do I need a broker?

Discussion in 'Trading' started by pbylina, Dec 13, 2011.

  1. emg

    emg

    #11     Dec 13, 2011
  2. google.com
     
    #12     Dec 13, 2011
  3. Well, I had thought I'd heard of all the newbie mistakes you can make but this one is original.

    At first I figured he was asking about needing a broker for advice, when you should only hire RIA Reps or CTA's to trade for you, but he really is going all out straight to the floor and if he's living in Chicago I'm sure he can do that, just takes about $300 million.
     
    #13     Dec 13, 2011
  4. Because you need a schill to speak to the auctioneer...

     
    #14     Jan 30, 2012
  5. If you're a long-term investor you do have to exercise some caution - it's necessary to exercise some restraint and not allow the low cost structure to get you caught up in more of a trading mentality. But I really love the fact that I'm not pushed into making big bets in my still relatively small Roth IRA in order to keep the trading cost down as a percentage of equity. I can add 10 shares of ATVI and pay about the same percentage in trading cost that would have required me to buy 70 shares on Scottrade (which is a fine broker, apart from the fee advantage offered by IB).
     
    #15     Apr 12, 2012