Broker Detective Blog

Lone Wolf asked:


I used DQSF6665 to get 7 free trades when opening a new account at Scottrade.

Are there any others???

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Robert L asked:


I work for a limo company and want to know what IPOs are currently trying to go public – business seems bleak so far – I think only bond-type stuff is going on now – but nothing initial that is going public. Can someone explain to me why the same companies keep having roadshows for them when they are already public? There seem to be annual or semi-annual roadshows for different companies/products and I don’t get it…why do they have to meet again?

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Xie asked:


I logged into my Scottrade account today (Dec 2, 2009) and my list of available free trades was gone. It just said ” ____ Free Trades Available.” It doesn’t list the expiration dates anymore either. Also, I can’t look up my ReferALL code anymore.

Does anyone else have the same problem?
Is the Free Trade program over?
If the program is still active, does the 6 month expiration rule still apply?
Can we still refer new customers using the same code?

Thanks.

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MrCurious asked:


I was told when you sign up with Scottrade, you can get free trades automatically.
How do you do this?

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Terry E asked:


To clarify myself, I’d like to purchase shares of an IPO just as it “leaves the gate” so I can get in on the ground floor and perhaps increase my chance of investing in the next “big one”.

How do I determine which IPOs I should look out for and consider buying? How do I invest in the IPO as it leaves the gate? What is the typical amount one should invest on the day an IPO occurs?

I’m still learning how to invest wisely; I appreciate your understanding and candor. Thanks.

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William M asked:


I am going to be 18 in a few weeks. My brothers set me up a forex trading practice account a fair while ago now, and I have been playing around with it, trying different ways to make money and what I’ve discovered is that by using 1:100 leverage in each trade is really not a healthy habbit and along with that using the suggested stop-losses and take-profits, all because I’ve been consistently losing money that way. I have, however, been using 1:25 leverage and have been setting stop-losses using all of my trading capitals value and by not being greedy, have been taking in enough profit to get 10% return on my trading capital and so far I’ve discovered, this actually has worked everytime I do this.

What I’d like to know is whats the best amount of leverage I should really be using, and the stop-losses I should I set up to minimise all potential losses and make consistent profits?

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TheStreetTrader asked:


Well I am in high school and love to trade. I am not a good student so i know im not going to be a doctor,lawyer and that stuff. I am a junior and have been investing/trading futures stocks and options for over 3 years now with great results. I don’t think its luck because i do use a strategy and a good one i kind of created from all the other pundits strategies and just experience. I am a discretionary trader. So i decided that i want to do this at home being self employed for a living. My questions are how many other people make a career doing this? Are they successful (millionaires)? My guidance and I talked about it and she even agreed a lot of trader drop out of HS or college and make millions! I have read a ton of books and i KNOW my strategy works in bull and bear markets last year year before that i made money and even this read after taking a 20% draw down i came back with my high for the year! I can control my emotions which is important in this business from what i hear. I have instinct i can just Sense when a stocks going to move and even if im wrong i cut my losses! I use stop limit orders, trailing stops and limit orders to execute my trades. So is this a smart decision? to pursue a dream life of trading??? Me i just want a nice mansion in NJ nice cars cloths etc. and a lot of traveling around the world.
ok i read security analysis and the intelligent investors and i must say graham is too old school those methods just dont work anymore dude… trading makes money daytrading makes even more quick cash. bottom line i know how to invest but investing is pointless unless you have over 50 million to invest it willl take you forever to get 50 Mil investing like graham and buffet just isnt in my interest..
thanks but you know its interesting because i did this personalilty test in career ed in high school and the thing i got got me really happy yet weird approx. only 1% of the american population scored it its perfectionist.. it also said most likly to become a millionaire and a good career would be analyst or trader sooo yeah the fact that ive been wanting to do this for many years and just last year i took this test and got that motivated me and this year is by far my best year! i come from a very poor country and stuff soo that i have this chance i have to take it ya know? and im used to living with little money which always helps ! i am also well aware that some traders lose maybe 80% in just weeks or months but they make it back its the traders who stick with it who make the big bucks in the long run… however even during this crash i only lost 20% despite being fully invested because i use trailing stops or stop loss orders… to help prevent from losing profits … i can make it
ya know the funny thing everyday that i skip school to trade stocks i make a lot of money! a lot more than i would being in school hahaha sure im missing earth science and language arts and math but im making more money than some students do their entire year working part time hahahaha
and i usually read 2 or 3 books a month.. on investing or trading im learning both things because i know once you reach a certain level you cant just trade all the time you have to invest..

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sparkleroxy86 asked:


so weird I thought that I had tons more free trades…only bought 3 stocks inone trade a few months ago..i went to buy some tonight and they were going to charge me 12.99 commission! does anyone know anything about this???? Thank you!

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William M asked:


I’m 17, and I’m going to start an eBay business to try and raise money for my future, at least a few 10s of thousands of pounds. I want to become an IPO investor when the credit crunch ends and the markets are good again in hopefully a few years giving me time to make my eBay money. I want to know if it is possible to become a multimillionaire over time by investing into good return IPOs?

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stevem8728 asked:


I am opening a scottrade account. if i get a referral code from someone who has an account we each get 7 free trades. does anyone have a code?

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