Comments

You must log in or register to comment.

PAPRHNDS t1_j6b9krv wrote

IBKR. Steep learning curve, but cheap commissions, cheap margin, good execution.

10

downboat t1_j6ckbci wrote

I'm happy with IBKR! (Best EU broker IMHO, not sure if same in other parts of the world)

1

EO614 t1_j6bay3l wrote

I trade with Fidelity and haven’t had any issues.. and watch tickers on WB

10

ThatMightBeTheCase t1_j6bhrkm wrote

I will get shit on but the option chain is so easy on Robinhood so I keep $10k there for short term positions.

TDAmeritrade for everything else.

5

TopStockJock t1_j6by8s2 wrote

This is exactly me. RH for fun money. It TD when I’m serious.

2

randomtimbo t1_j6c5z9u wrote

I use Robinhood as well for some fun trading here and there. I have a Vanguard account for my roth IRA though.

1

kad202 t1_j6bjsig wrote

Robinhood despite the owner being a crook but ease of usage is king for me

5

ArongorLoL t1_j6c5y5z wrote

I just like the red bar it gives me seratonin

3

ORCA_OF_WALLST t1_j6bkxea wrote

Choose a broker that allows you to trade futures then you can just trade ES and no PDT

3

FlatSnakePenis t1_j6by6sc wrote

I use Schwab's StreetSmart Edge, TOS to use their custom scans and free access to BookMap, and Tasty to monitor the most active options. This takes 7 screens on 3 CPUs. I execute all my trades through Schwab and get pretty impressive fills - I swear I often get fills that are better than the NBBO I'm staring at in Level 2. Used to use IBKR, but getting through to their customer service was exhausting.

3

derpmcperpenstein t1_j6b8f8j wrote

Like Webull ( 4 am to 8 pm). Also use SoFi for some long positions and TD Ameritrade

2

DoubleKillGG t1_j6bdsvl wrote

90 day restriction for what? Pattern day trading?

You can request a one time flag removal if you are unable to meet the equity maintenance call of $25,000 instead of waiting 90 days.

Or switch to a cash account. Read up on good faith violations. Options settle T+1. Stocks settle T+2.

Else, I recommend TD Ameritrade (thinkorswim) and Tastyworks.

2

FlameScytheX OP t1_j6c2wls wrote

PDT violation. I asked them if they could forgive it but they said it's a regulation rule and not a brokerage rule so their hands are tied. I can still make trades but they have restricted my account to cash and only when it's settled.

1

SkinnyPets t1_j6bssb3 wrote

Schwab bought out TD Ameritrade. Schwab for the win. Great stock stats too!

2

VisualMod t1_j6b79s9 wrote

User Report
Total Submissions 0 First Seen In WSB 3 months ago
Total Comments 147 Previous Best DD
Account Age 1 year [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)

^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive

1

Setsuna_15 t1_j6bfwhf wrote

Fidelity for long term once I start my career and webull to look at charts then proceeding to blow money on robinhood

1

Same_Class5866 t1_j6bqaji wrote

Robinhood just because that's what I started out on. I have now started a little bit on Webull might see if I can transfer everything over there.

1

Apollon-Galanis t1_j6c0o0d wrote

webull got account restricted on robinhood for daytrading

1

wallstreetbets-ModTeam t1_j6cn92q wrote

Thanks for your submission!

r/WallStreetBets is known for making absurd but sometimes profitable trades that no one ever considered possible.

To keep making that possible, we need your help in keeping the feed of threads interesting and exciting.

We try to move all the short and basic questions, analysis, or jokes to the daily thread so that the best quality content can stick around and be more visible.

This is definitely a bit subjective, and there are no hard and fast rules, but a few indicators that your post should have really been a comment in the daily thread include:

  • Asking a question that is easily googleable or has likely been asked before. E.g. "What app should I use?", "What should I invest in?".

  • Beating a meme to death, like the 10 millionth, "inverse cramer" joke again.

  • Reposting jokes from the front page but slightly altered to be related to trading.

All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers.

If you need some guidance, don't hesitate to reach out to modmail and we'll give you some pointers!

1

LeatherVisible t1_j6bpck2 wrote

TD with think or swim. Easy to set up all the charts the way I like. Orders get filled quickly.

0

patriots317 t1_j6bposi wrote

I use NOT Robinhood because it’s for punk ass bitches.

0

Tasty_Ad_5035 t1_j6bumip wrote

Shoebox…more gains there than any platform

0

elpresidentedeltoro t1_j6c45go wrote

My answer is a bit controversial and requires us to take a step back in the Time Machine.

I think the brokerage is the problem. They all make their money on payment for order flow. And thusly, their analysis platform is the consolation prize. They give you access to the game but you don’t actually have the tools to compete. You think you do, but deep down at any brokerage that is free - you are the product.

BlackIV absolutely shits on the competition. See back in the day, talking early 2000s, analysis and the order technology was separate or more separate. You places your trades at x, and did you analysis at y.

All firms realized the more clients the more payment for order flow, net interest, and additional product offerings they could up sell - so they bought up the competition. Trading commission went to 0 and revenues dried up so they had to maintain the trading product and analysis even though it is a loss leader.

Analysis become commoditized, meaning there is really no difference broker to broker. Sure there are a couple categories like full services and trading but in each category the product offering is the same.

And then enters little itty bitty black iv.

They see this and realize that commission free trading is a paradox because it forces the institution to turn their clients into the product. If the product is free you are the product. So you can either stay somewhat whitehat as a broker and chose to up sell your clients into things that make revenue for the firm like managed products or you can go blackhat and sell your clients interests via payment for order flow.

So BlackIV says “nope, not any more. We’re going to ensure that our clients trades arrive at the exchange on time and unsniffed, but because we have to offer that for free, we have to find a way to give real value to clients in a way that is worth it for them.”

And tada, they rip tools from the deepest darkest back rooms of Wall Street elite and they give them to retail. They don’t exactly tell them how to use them all in the same way because that would be collision, but they see how smart retail traders can be when they can operate in a decentralized manner.

And even without that, each trader can see things that was never available to them. At the low end, a retail traders would have to pay $1700 a month for the data feed that BlackIV provides. And they do it for absolute free with SPY. Everything else is $10 total per month. That’s it.

But the long term play to get enough clients who derive alpha from their data that the revenue is enough to stand up and maintain commission free trading without subsidizing that via payment for order flow and screwing over the very clients that made them.

0

AutoModerator t1_j6c4efl wrote

Our AI tracks our most intelligent users. After parsing your posts, we have concluded that you are within the 5th percentile of all WSB users.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1