03-26-2009, 02:15 PM
I was thinking about getting into etrade with a couple thousand. Good idea or no? Can anyone explain exactly how etrade works?
This is how I understand it. You buy and sell stocks and they charge you a fee of like $10 every time you do a transaction. Is it like realtime? So I can buy and sell same day if I want? Im just confused on how it works. Because Ive been watching AIG stock and it seems like its a really good buy. The other day it got as low as like 35 cents! Thats insane. Now its only like 1.10 but it was higher earlier in the week. Does it take time for the transaction to go through? Thats basically what Im wondering. Because when I see a good deal I want to be able to hop on it instantly. What would keep me from buying AIG when it was 35 cents and selling it right now for 1.10? Thats like a 300% profit. Am I missing something? It seems too easy.
Thanks
This is how I understand it. You buy and sell stocks and they charge you a fee of like $10 every time you do a transaction. Is it like realtime? So I can buy and sell same day if I want? Im just confused on how it works. Because Ive been watching AIG stock and it seems like its a really good buy. The other day it got as low as like 35 cents! Thats insane. Now its only like 1.10 but it was higher earlier in the week. Does it take time for the transaction to go through? Thats basically what Im wondering. Because when I see a good deal I want to be able to hop on it instantly. What would keep me from buying AIG when it was 35 cents and selling it right now for 1.10? Thats like a 300% profit. Am I missing something? It seems too easy.
Thanks
2005 Pontiac GTO
2000 Ford Mustang GT (Sold)
2006 Honda CBR 600rr (Sold)
2000 Ford Mustang GT (Sold)
2006 Honda CBR 600rr (Sold)