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Stock Trading - A new site is born!

T

ToxicAsF

Over Analystical Extreme Gambler
So I recently came across a commission free trading site that's in the works and kinda in beta. Most websites (etrade and the sort) usually charge you per transaction, so you must make a small amount in order to cover transaction fees alone (even if you're selling/buying at a loss).

Robinhood is apparently all about $0 commission trading. More or less, you're money moves at value and doesn't have that inflated cost of trading. This makes an interesting aspect as this may actually allow some people who were previously unable to invest small portions of money due to commission costs able to make small, quick trades. It also is open to people who weigh the cost of transactions more heavily as "is the risk worth it?" and may create an irresponsible behavior with money.

If anyone is interested in checking out their site - https://www.robinhood.io/

If anyone is interested in signing up, I'd love a boost in my spot in line. - https://www.robinhood.io/?ref=tn45SE
 
Gyoin said:
So I recently came across a commission free trading site that's in the works and kinda in beta. Most websites (etrade and the sort) usually charge you per transaction, so you must make a small amount in order to cover transaction fees alone (even if you're selling/buying at a loss).

Robinhood is apparently all about $0 commission trading. More or less, you're money moves at value and doesn't have that inflated cost of trading. This makes an interesting aspect as this may actually allow some people who were previously unable to invest small portions of money due to commission costs able to make small, quick trades. It also is open to people who weigh the cost of transactions more heavily as "is the risk worth it?" and may create an irresponsible behavior with money.

If anyone is interested in checking out their site - https://www.robinhood.io/

If anyone is interested in signing up, I'd love a boost in my spot in line. - https://www.robinhood.io/?ref=tn45SE
Click to expand...

So if they don't charge fees, what is their payment model? You can't trade for free.
 
Keleynal said:
So if they don't charge fees, what is their payment model? You can't trade for free.
Click to expand...

Ahh, meant to get into that. Silly me.

There are "fee's" that occur on a larger scale, such as when wiring money or for additional services. Off the top of the chart, you'd pay pretty much to move money around (via legal avenues) such as wire transfers and the sort. Direct Deposit features are fee-less though. For simple domestic trading with frequent action of buying and selling, the fees that you would actually use would be far less than with a pay per trade transaction site, but as always, it's good to be weary of "hidden fees" and the sort.

For a full list -

https://brokerage-static.s3.amazonaws.com/assets/robinhood/legal/RHF Retail Commisions and Fees Schedule Rhfv1.2 20131210.pdf

More or less, there are ways to avoid certain fees and charges by staying with a certain rule-set (don't play with foreign accounts and what not), you'll be ok. For large investors, those fees will hit more frequently. For Semi-active day traders and hobbyists, this can be a more efficient trade route.
 
Gyoin said:
Ahh, meant to get into that. Silly me.

There are "fee's" that occur on a larger scale, such as when wiring money or for additional services. Off the top of the chart, you'd pay pretty much to move money around (via legal avenues) such as wire transfers and the sort. Direct Deposit features are fee-less though. For simple domestic trading with frequent action of buying and selling, the fees that you would actually use would be far less than with a pay per trade transaction site, but as always, it's good to be weary of "hidden fees" and the sort.

For a full list -

https://brokerage-static.s3.amazonaws.com/assets/robinhood/legal/RHF Retail Commisions and Fees Schedule Rhfv1.2 20131210.pdf

More or less, there are ways to avoid certain fees and charges by staying with a certain rule-set (don't play with foreign accounts and what not), you'll be ok. For large investors, those fees will hit more frequently. For Semi-active day traders and hobbyists, this can be a more efficient trade route.
Click to expand...

I see. They don't charge commissions on the trades, but there are still the regulatory fees on a per share basis. That goes to the SEC and FINRA, though, not to the firm.

I don't know enough about day trading to know how easy or hard it would be to avoid any of the cashiering fees or other fees.

I'll stick with my long term investments. It won't make me rich overnight, but I can be very confident that it will over time.
 
Keleynal said:
I see. They don't charge commissions on the trades, but there are still the regulatory fees on a per share basis. That goes to the SEC and FINRA, though, not to the firm.

I don't know enough about day trading to know how easy or hard it would be to avoid any of the cashiering fees or other fees.

I'll stick with my long term investments. It won't make me rich overnight, but I can be very confident that it will over time.
Click to expand...

Yeah, this is definitely more built around guys like me who would like to try to make a quick buck and keep churning around funds. Quick risk. From what I can tell, if I transfer funds to and from my bank account directly, that would avoid most fees. There's no getting around SEC and FINRA/FAE fees, but luckily they're literally fractions of a penny per stock, and unless buying thousands of penny stocks, you won't really notice them.
 
ThatOneGuy said:
lol I used your link Gyoin. Only 94,011 people in front of me.
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Haha thanks. I only have 4,610 people ahead of me. I mean, it's totally a marketing scam with their "exclusivity", but I wouldn't mind some relatively "free" trading.
 
Ya, I am already invested in some mining ETFs (NUGT, GDXJ, SLV) through Etrade. I figure if I get back into the black and I have an account on this thing, I may switch over. Right now the mining stocks in gold and silver are looking for the bottom of a bear market. Along with the stock market and dollar looking to turn over and start going down this year I expect money to flow out of those and into commodities. Precious metals were hit super hard this year so the money should flow into those and go way up.
 
ThatOneGuy said:
Ya, I am already invested in some mining ETFs (NUGT, GDXJ, SLV) through Etrade. I figure if I get back into the black and I have an account on this thing, I may switch over. Right now the mining stocks in gold and silver are looking for the bottom of a bear market. Along with the stock market and dollar looking to turn over and start going down this year I expect money to flow out of those and into commodities. Precious metals were hit super hard this year so the money should flow into those and go way up.
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The gold commercials around here crack me up. "Gold is at a 3 decade high!" they exclaim. Why does that motivate people to buy? They should be selling now and then waiting for the price to drop again. I had some friends with investments in 2008 that were talking about what crappy prices they were having to settle for selling stocks. I was just upset that I didn't have any money to buy any.
 
That's funny cause gold isn't at a high right now. It's at about 1250 an ounce and was as high as 1900 an ounce in late 2011. If you bought in 08 you would have got it at about 800 an ounce. Selling it in 2011 or 2012 would have at least doubled your investment.
The thing is that right now gold has been artificially pushed down this year from the 1700/1800 mark to where it is now at 1250. The market is finally pushing back a bit and with the likely hood of the stock market bubble ending and the dollar being even more devalued to try to save the stock market from crashing people will be getting out of stocks and need to put their money somewhere. Because of the severe drop in precious metals this year (not just gold) the companies that mine precious metals were hit super hard. When the money flows out of stocks and some of it goes into the PMs then those companies will see their prices skyrocket.

here is a look at the chart for the same timeline for the ETF that comprises some gold miner companies.
In 2011 they went from a high of about 180 bucks a share to where it is now at around 32 bucks a share. In 2013 alone they went from 100 to 32 and 2013 was (by most analysts opinions) such a drop because there are big forces manipulating the market to the down side. If the market recovers like it should we could see those 2013 losses be reversed and possibly even higher numbers. That's 3 to 4 times the return on investment you put in now.

Over the next 2 or 3 years we should see the market recover and big gains be earned. At least that is my guess.



TLDR: gold price is down from the last few years and its a great time to invest some into the stocks that back the guys who pull it out of the ground.
 
Well, I finally made back my investment fees from this batch of stock buys. I am still down about 8% overall cause of getting scared and dumping some stocks at a loss.

Good news is that it looks like the miners stocks are holding strong and if they continue up this week it will be confirmed that the bottom happened and gold is on the rise.
 
how did i miss this thread?[DOUBLEPOST=1421258182,1421257547][/DOUBLEPOST]380,882 people ahead of us Jimmy.
 
Yeah I got my invite a while ago, but with wedding planning and, more awesomely, honeymoon planning, I'm keeping my assets liquid.
 
Baldoraxx said:
how did i miss this thread?[DOUBLEPOST=1421258182,1421257547][/DOUBLEPOST]380,882 people ahead of us Jimmy.
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its an old thread. I necro'd it cause of relevant information.

Baldoraxx, why not take my link and get in now?

I already have my money in Etrade. Would love to get rid of the 10 buck trade fees, but I don't have apple so I cant go to robinhood.
 
ThatOneGuy said:
its an old thread. I necro'd it cause of relevant information.

Baldoraxx, why not take my link and get in now?

I already have my money in Etrade. Would love to get rid of the 10 buck trade fees, but I don't have apple so I cant go to robinhood.
Click to expand...

Because it wouldn't let me use any of the links in this thread. It kept saying I wasn't private and that my information could stolen etc. so i had to manually input the address.
 
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