Talk of The Villages Florida - View Single Post - Trading online vs using a broker
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Old 10-16-2013, 02:47 PM
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Quote:
Originally Posted by rjm1cc View Post
Does he make the recommendations or just place your order? Assuming you know what trades you want go to Schwab, ETrade etc and read up on the trading tools they have. Very good tools for larger investors. Then try placing a trade at night. If it goes wrong you can call for help before the market opens.
My daughter infrequently places trades but she places then so she will learn. Before she does the trade she calls the "help line" to make sure she is doing it correctly. Then inputs the trade at night. Her trades are not straight buy and sell but limits, trailing limits etc. The key is do it at night as you can cancel the trade or call for help.
My broker never makes any recommendations, he just places my order. I will usually ask him for a quote first. Then I will tell him to buy or sell X numbers of shares and I will usually specify a limit.

I like your idea of placing the order before the market opens. I might give that a try.