What are the best brokerages for day trading?

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  • Опубліковано 27 тра 2024
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    Penny stock millionaire, learn to trade, stocks, market, trading, daytrading, day, trade, how to make money online, business, millionaire, Asian, selfmade, income, invest, investment, finviz, hot, low, float, profit Steven Dux

КОМЕНТАРІ • 100

  • @eclipse2573
    @eclipse2573 2 роки тому +3

    Great content Dux, thank you!

  • @adamsfelixin6334
    @adamsfelixin6334 2 роки тому +1

    Thank you for the update

  • @907Blademan
    @907Blademan 2 роки тому

    Thanks, that was very helpful my man! 🤙

  • @dennisspears9218
    @dennisspears9218 2 роки тому +2

    Very informative , Steven!

  • @arksonephimmasane5134
    @arksonephimmasane5134 2 роки тому

    Great content and thank you for sharing!

  • @vivekdandare
    @vivekdandare 2 роки тому

    Excellent video... Thanks Steven

  • @KT-zx9jr
    @KT-zx9jr 2 роки тому

    Good work Steven. Thanks.

  • @Xinkgs
    @Xinkgs 2 роки тому

    Thanks for the Info. Good to know.

  • @Thetraderchick
    @Thetraderchick 2 роки тому +2

    Cool video. Usually traders try to reduce brokerage costs. The thing with "top brokers" is that, the fees. Many "pro traders" don't care about that at all, yeah, people should be more worried about their strategies and knowledge than other things

  • @alexanderthegreat_CarGuy
    @alexanderthegreat_CarGuy 2 роки тому

    Excited about StockCraft! Any idea if a launch ETA?

  • @Ha-xk2jc
    @Ha-xk2jc 2 роки тому

    Thank you for that video.

  • @alfredoandrade7279
    @alfredoandrade7279 2 роки тому

    This video was very helpful thank you.

  • @johnotaran
    @johnotaran 2 роки тому

    Thanks for the info ! In terms of features do you think interactive brokers gives you good value ? For example L2 depth & Entry and Exit Accuracy etc

  • @AbdulAli-ku9he
    @AbdulAli-ku9he 2 роки тому +1

    Thanks Steve.

  • @Umirzhanuly
    @Umirzhanuly 2 роки тому

    It was really helpful, thanks

  • @purple_mang0
    @purple_mang0 Рік тому

    guardian: swing short
    tradezero: intraday short
    don't blindly borrow stocks before action happens: can lead to fomo and overtrading
    track every 6months-1year to see how much fee is getting taken from your net profit. don't have comission exceed 30% of net profit.

  • @sadiewa4790
    @sadiewa4790 2 роки тому +1

    Hello Steven I am interested in giving stockcraft a try, I was curious if you could give a tutorial of the platform or some kind of introduction to your website. Thank you for the great content 💚

  • @ananovo8662
    @ananovo8662 2 роки тому +1

    E*trade doesn't have explicit stop loss orders; you have to use contingent orders! Left for IBKR and technical setup much better.

  • @cruiseanthony4022
    @cruiseanthony4022 2 роки тому +1

    Hi Steven....can you answer this question for me please because you are really smart with your calculationm method...now what's the maximum amount of money that can be traded in a penny stock that is up on the day over 700% percent that has a market cap of $50M and a float of 5M, and base on the supply and demand the supply cannot support the demand....so for a stock with such a limited supply that's up almost 800 percent at what time will it crack , ?....thanks for your help

  • @wasatchm
    @wasatchm 2 роки тому +7

    thanks for the free content. this is really good stuff (which is hard to get free). the charting and volume analysis is invaluable. I've watched every video at least once.

    • @stevendux
      @stevendux  2 роки тому

      Thanks for the support.

  • @veradrummond9002
    @veradrummond9002 2 роки тому +7

    why doesn't he use top brokers like Centerpoint, Cobra, or Lightspeed?

  • @DJLuiG
    @DJLuiG 2 роки тому

    Hi Steven. Can you please tell me which software you use in your videos?

  • @asvinselvarajan1057
    @asvinselvarajan1057 2 роки тому +1

    Steven can u explain Fully about level 2 actions and How much level 2 is important

  • @mystory2914
    @mystory2914 2 роки тому

    Thank you.

  • @damianwilliamson9015
    @damianwilliamson9015 2 роки тому

    Just one question: how do you know what the volume of a stock is during premarket? I'm trying to plan my trades but second day runners just hasn't been a reality for me this week..

  • @wasatchm
    @wasatchm 2 роки тому

    there are no short fees on most stocks right? it's just the hard to borrow.....usually OTC stocks right?

  • @shawnturner7064
    @shawnturner7064 2 роки тому

    Is this scanner only for SHORTING? Or you can use this for Longs.

  • @aruascaesar2559
    @aruascaesar2559 2 роки тому

    Good to know

  • @nuvamusic
    @nuvamusic 2 роки тому +9

    I’ve been using IBKR for 3 months (my first and only broker), both for options and stocks, and I’ve hardly noticed any considerable charges in terms of commissions/fees. The losses/ red P&Ls are mostly if not all due to bad decisions± bad luck lol, which make the commissions “unnoticeable” so to speak 😅

    • @Metalshark100
      @Metalshark100 2 роки тому

      how is ibkr for you? i opened an account up a while ago but never used it. i opened up a T212 account as well and ended up using CFD account within that platform. would you say IBKR us really well suited to day trading?

  • @valireklaam
    @valireklaam 2 роки тому

    hey , can you do an analysis of yesterdays and todays NURO run - either short side or long side , it looks like a gamma squeeze and one of the longest intraday halts ever witnessed.

  • @sir_thanat7859
    @sir_thanat7859 2 роки тому +2

    Hey Steven, I’m interesting in your learning courses, what would you recommend for an oversea student?

  • @paolonieri473
    @paolonieri473 2 роки тому

    That's is very interesting : thanks!
    Please do some videos about strategies for overnight.

  • @aairtstyyyrt9786
    @aairtstyyyrt9786 2 роки тому +1

    Which broker is ideal for European?

  • @duallylicensed145
    @duallylicensed145 2 роки тому

    Hey Steven....we will all love a recent video especially how in the past 30 days...the market been so wacky up and downs but more downs in my opinion. Please give us a trading video!

  • @pete71486
    @pete71486 2 роки тому +1

    What's the best broker for locates? E*TRADE couldn't locate its ass from the ground... Fees not a huge concern right now, but when I see my perfect setup, there's ALWAYS no shares to short, so i miss it 90% of the time. minimum requirements to open aren't an issue, just locates!

  • @keokio7
    @keokio7 Рік тому +1

    shorting overnight shouldn't be a concern for most traders especially starting out, because you shouldn't be shorting shares overnight, until you have some serious experience. Main thing for short sellers looking for brokers is ability to get locates and their cost, that will probably be your biggest hurdle as a short seller. Second would be the commission for trade, but if you are a disciplined trader and wait for trades to come to you that shouldn't be an issue. Place limit orders and route your orders so that you will get a rebate since you are adding liquidity and your overall commission should be minimal and even zero. Gotta be a pattern day trader though

    • @stevendux
      @stevendux  10 місяців тому

      Thanks for tuning in!
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  • @petefrislid7219
    @petefrislid7219 2 роки тому

    BOOOM!

  • @mattila75
    @mattila75 2 роки тому

    Thanks for the helpful video Steven. I have a question. How much is a reasonable borrow fee per cent for intraday trading? Not overnight

  • @chialor1945
    @chialor1945 2 роки тому +1

    The best transparent short seller.

  • @Add_Zeros
    @Add_Zeros 2 роки тому +1

    Hi Steven, Do you suggest any broker for Canadian residents as Guardian doesn't support Canadians. I struggle because of excessive margin requirements on the low float by IB and it restricts appropriate share sizing and also IB does not have short inventory

    • @tianlin4503
      @tianlin4503 2 роки тому +1

      There’s only IB right now bcoz of our government regulations. Very unfair!

    • @Tailong
      @Tailong 2 роки тому +2

      Are you sure they don't support Canada? their FAQs say they do, if they don't then Tradezero is the only other option if you are not in Ontario, unfortunately most brokers pulled out of Canada in the last few years I'm not sure why.
      Also by short inventory you mean locates? cuz IB does have shorts but they are on a first come basis which kinda suck for low float stocks.

    • @Add_Zeros
      @Add_Zeros 2 роки тому

      @@Tailong yes guardian doesn't support - i checked and lived in Ontario. Even Tradezero does not support Canadian

    • @tianlin4503
      @tianlin4503 2 роки тому

      @@Tailong TZ left recently

  • @dathoang2692
    @dathoang2692 2 роки тому +4

    so is citadel pay a lot of fee when they short for months?

    • @vivekdandare
      @vivekdandare 2 роки тому +5

      Hedge funds have different contract with brokerage firms. Their fee structure is different to retail traders. Their position size is usually huge as each trade is in millions so brokers want to keep the hedge fund on their platform. Basically they compete with other brokers on that front. I dont think they pay overnight fee, just one off.

    • @STIZZLE1
      @STIZZLE1 2 роки тому

      @@vivekdandare exactly they take days to set up short contracts and stuff just like in the big short movie

    • @cameroncampbell3668
      @cameroncampbell3668 2 роки тому +1

      Why are AMC bagholders everywhere

  • @poseden1
    @poseden1 2 роки тому +2

    How do you like my boys over at Regal tho?

  • @canwang3017
    @canwang3017 2 роки тому +1

    What about Cobra for shorts, TOS for long and Webull/FUTU for swing?

  • @JOHN_WICK_101
    @JOHN_WICK_101 2 роки тому

    Do you feel AMC will ever squeeze? Your thoughts ? Thank you 🙏🏻

    • @ixcinematography
      @ixcinematography 2 роки тому

      I'm not Dux, but I'll give my 2 cents. I don't think it will squeeze given the short interest and the amount of shares outstanding, but that doesn't mean it won't trade higher. It's a possibility it trades up because of people FOMOing. The fundamentals for the company are bad so I wouldn't hold it too long. Don't be greedy. Take profits.

  • @tevaitiateo4796
    @tevaitiateo4796 2 роки тому +1

    What do your non-us citizens students use as a broker? Because Interactive brokers require a minimum deposit of $25,000. Any other recommendations besides IB please?

    • @tanishqrathore7285
      @tanishqrathore7285 2 роки тому

      Trade-Zero.
      You can open an account for as low as 500$.

  • @rasheedovsky
    @rasheedovsky 2 роки тому

    Do you have a course?

  • @bobclaws1653
    @bobclaws1653 2 роки тому +3

    Thank you Steven for all your golden content

  • @coryintheboof8730
    @coryintheboof8730 2 роки тому

    What is the best broker small accounts (500-1500 $ ) ?

  • @user-kb1sf6he8f
    @user-kb1sf6he8f 11 місяців тому

    how about centerpoint broker?

    • @stevendux
      @stevendux  10 місяців тому +1

      Not bad but not great either.

    • @user-kb1sf6he8f
      @user-kb1sf6he8f 10 місяців тому

      What other brokerages do you recommend for shorts besides trade zero and center point?

  • @freddymendez3655
    @freddymendez3655 2 роки тому

    Think or swim

  • @Arloomni
    @Arloomni 2 роки тому

    Nice explanations

  • @slavko5270
    @slavko5270 2 роки тому

    Guardian has no plans for less than 25000 shares

  • @hamzah9522
    @hamzah9522 2 роки тому +1

    I’ve been day trading on a paper account for 2 months and I’ve turned $3k into $20k. I’m planning to switch over to real money but my issue is that I’m under PDT. I’m desperate to get my account over $25k in order to day trade freely. I’m even willing to borrow money, that’s how confident I am. What should I do? Do u know of any prop firms that do stock trading?

    • @xElectricblaze
      @xElectricblaze 2 роки тому +1

      ur just gonna have to wait till u got 25k to put in :P

    • @gapup7756
      @gapup7756 2 роки тому

      bro would you like to share your technique?

    • @husseinmyhomie4139
      @husseinmyhomie4139 2 роки тому

      Use a brokerage that’s doesn’t have a pdt rule

    • @thegentlemansmith5411
      @thegentlemansmith5411 2 роки тому +1

      wishing you the best of luck but don't get to confident with paper trading. it's one thing to paper trade because your emotions aren't into it because you are not using real money, Once you use real money its a entire different ball game and you will be a slave to your emotions with real money on the line. wishing for the best take care and happy trading my friend.

  • @skylerbauer858
    @skylerbauer858 2 роки тому

    Why did 30 people unlike this

  • @bobclaws1653
    @bobclaws1653 2 роки тому

    First 😀

  • @MrRichie6921
    @MrRichie6921 Рік тому +1

    Robinhood is best for day trading

  • @rasheedovsky
    @rasheedovsky 2 роки тому +3

    Also, first comment, I deserve a like.

  • @sqqql70
    @sqqql70 2 роки тому

    Just show us you made millions in shorting spce, negg and process where and when to attack/stop. LOL

  • @adriank2959
    @adriank2959 2 роки тому

    Tim is pretty good at marketing... But trading... Hmmmmmm.......

  • @Trumppower
    @Trumppower 2 роки тому

    TZ and Cobra

  • @americanjd808
    @americanjd808 2 роки тому

    Are you still alive?

    • @stevendux
      @stevendux  2 роки тому

      😂

    • @americanjd808
      @americanjd808 2 роки тому

      @@stevendux Haven't hear from you in a while. None of your setups have been popping up lately. Have you been trading lately?