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Excellent Video ! Great Info. If YOU would like to learn how to make thousands a week, Contact me thru my channel. Thanks Again !
Derek Schure
Hi, just to let you know, I contacted Derek from lightspeed and asked him if he could open me an account with just $5000 and he did 😉 so don’t give up, all you need to do is ask
Nice try. Keep it up check out esteembpo + com for social media marketing. vcb
Awesome quote on Jesse Livermore Andy. “Reminiscences of a stock operator” if my favorite trading book. Great videos as well. Thank you. traderboy
I am. especially the growth of Stock Twits and Twitter.
Steve: You must be loving it the most!.
Good day.
Dear Wesj004:
Your question is not dumb: the only dumb thing is not to have a plan and an identity. You must indentify yourself as either a day trader making many trades, or a long term trader, then research the rules and the commission costs of each broker, as well as your resources. Ameritrade will not be a rip-off if you observe their policies and if not satisfied, then to eschew them. Moreover, check the “catches.” For example: will you pay extra for the level II, etc?
Good day.
This service ROCks you learn so much and the money you spend in it can be made in less than 4 hours with them 🙂 first day with them and loving it
Basically a series 7 allows you to trade other people’s money. If you are just a retail trader trading your money with Lightspeed you do not need a series 7 license and you are also a non-professional trader which leads to lower rates in general. Social networking is in motion, Steve!
I learned that not too long ago myself. I got a Lightspeed demo. I only wish it was longer then a month. I have a question of my own though. Can you explain more about the Series 7 license. What it is all about, and do I need it to trade on Lightspeed platform?
There you have it. Thanks. Social networking in motion. Gotta love it!
Minimum $10,000 for lightspeed, let’s you do 3 day trades in a 5 day week. You would also need to pay direct access fees in LS
Do you have a contact person at Lightspeed you can refer me to?
Not sure if Lightspeed opens accounts under 25k for non day trading activity. Contact Derek Schure at LS for an answer.
other than asking for a 1 month DEMO account fromLightspeed, I am not sure where to point you.
hey guys,john from nyc..good vid,thanks for the help.i have what may be a really dumb question.can i open a light speed account with 5,000 if i just want a broker to make long term trades with or do i need the 25k.i dont want to use ameritrade cause i know its a rip off if i make a lot of trades but not day trading.can you guys please help me out..i would appreciate it..im new to all of this
Steve, Andy or anyone who reads this.
Do anyone know of a website or company that has stored data feeds that new traders can use to simulate active trading.
UMOO is a great learning site with date feeds, but it is only open during normal trading hours.
I need something that is available nights and weekends.
you had a ridiculous entry on the HAL, great job
Ones I finish building my house I might sell it. If I do, I will most likely invest that money into my day trading account. If I make at least 20% a year on my $200,000 investment, I’ll be happy. I will definitely put in the time this business needs, $200,000 is nothing to joke around with.
thanks for reply, Andy
I agree with Jesse Livermore who said “I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street. As long as they realize the market is a business like any other business, they have a good chance to prosper”
Along with being a broker LS will offer their software to independant brokers. My broker offers REDI+ and LS. It’s tough to say what a trader can make because it varies so much depending on many factors. I’ve averaged over 100% return on capital annually for the last 10 years but I would never make the claim that everybody can do that.
It was a helpful video by the way, thanks for your help
I watched your first 101 video and you guys say you have a good relationship with your broker, If you are using lightspeed as your platform. isn’t your broker also lightspeed or can you use another broker with lightspeed? Also if I day trade which I am thinking of doing. Do you think I can make at least 20% a year on my investment?
REDIplus and I use Lightspeed. The alerts/scans are something we will be doing a video about very soon so keep watching.