Originally Posted by Rain Man:
Pretty much all of the brokerages do no-cost trading nowadays. Start a Schwab or Etrade or Fidelity account and it's free to buy stocks.
Originally Posted by Hog's Gone Fishin:
Yep, using an actual Broker these days is outdated. I use etrade but it pisses me off that the Webullers get to start trading 2 hours before I can.
That's why I opened a Webull portfolio. I just keep my Fidelity open for OTC stocks since Webull doesn't have them. [Reply]
Originally Posted by Hog's Gone Fishin:
Yep, using an actual Broker these days is outdated. I use etrade but it pisses me off that the Webullers get to start trading 2 hours before I can.
I guess us old fucks can’t change our ways. [Reply]
Originally Posted by Rain Man:
Pretty much all of the brokerages do no-cost trading nowadays. Start a Schwab or Etrade or Fidelity account and it's free to buy stocks.
Fidelity doesn’t charge anything even when you sell? [Reply]
Originally Posted by KChiefs1:
Fidelity doesn’t charge anything even when you sell?
All free to the average man on the street now.
I don't really know how these places make their money. I presume they're making it all off of mutual fund fees and transaction floats and stuff, so free stock trading is just to lure flies into their web. [Reply]
Originally Posted by KChiefs1:
Fidelity doesn’t charge anything even when you sell?
Fidelity is also revamping their apps and have solicited a bunch of feed back from WSB and reddit users after the influx of people moving from Robinhood.
Originally Posted by Chazno:
Fidelity is also revamping their apps and have solicited a bunch of feed back from WSB and reddit users after the influx of people moving from Robinhood.
I've had a Fidelity account for a couple of years now. Very happy with both the website and app but would like to be able to customize my watch lists. [Reply]
I wish my TD would merge in with Schwab already. I rely so heavily on think or swim, but would love access to some of the international indices.
Doesn't look like they anticipate integrating until mid 2023 tho.
Today marks one year of executing my options selling strategy. I have generated a cash return on my brokerage balance of 132%. I continue to refine the strategy, and while activity has slowed down a bit in the past couple months with volatility shriveling, but I suspect that the strategy will be a sustainable source of cash flow for a really long time. I am also curious to see how well I can scale the strategy. [Reply]
Originally Posted by KC_Lee:
I've had a Fidelity account for a couple of years now. Very happy with both the website and app but would like to be able to customize my watch lists.
I like their Active trader pro application for PC. It completely replaced my website usage. It is definitely an older application but still extremely functional, just not all the recent UI trends we've become accustomed to.
Their phone app definitely needs some work. Lack of real time data ( or close) without pull to refresh is a problem for me. I still use Robinhood's app for this purpose alone as I have no stock with them. Options related activities is overly complicated. Setting price alerts. Choosing which market to route trades through is another feature I'm looking for. [Reply]
The basis of the strategy is selling naked, out of the money puts on margin.
There were definitely mistakes made in this process and room for refinement.
For example, there have been some periods of inactivity due to my inability to find adequate return versus risk.
Also included as a loss, I was selling in the money vixy puts as a hedge and did not include the remaining balance of vixy I am holding in the return. I do not feel vixy tracks with volatility in a timely or sufficient manner to be an effective hedge.
There were certainly periods where I was testing my risk tolerance, but due diligence and the ability to roll effectively has built up my confidence that the strategy is not going to bankrupt me lol [Reply]
