So lets see how TD Ameritrade likes what I do Monday. I’ll seek out a stock with a price around $5.00 (Not considered a penny stock)
I have a cash balance over $1,000.00 in my account.
I’ll place a market order for 1 share. Once it’s filled I’ll repeat that 199 times.
There are no fees for trading at Ameritrade. Wonder how they’ll like that. Be a lot of overhead and accounting on their part.
To what end? Your trying to force TD Ameritrade to charge me a fee for every transaction. Why?
They'll hate it but those are all factored in when they ran the numbers on the no fee commissions. It's like the loss leaders on the front page of the super market flyer. Only me and a few others will bother to pick off just the loss leaders and then walk out the door. The other 50 customers will also pickup lots of high margin stuff.
For every 1 share $5 trade where they make next to nothing like yours, there will be 1000 others trades where they make a lot, N number of shares X ECN bid-ask scalps under your bid-ask price + X order flow payments.
“There are no fees for trading at Ameritrade. Wonder how they’ll like that. Be a lot of overhead and accounting on their part.”
All the work is done by computers.
Mailing confirmations is the only costly part and I have no idea if the transactions would be consolidated for mailing purposes.
I grew up in an era when stocks normally got traded in multiples of 100. My father bought his children odd lots from time to time. My father traded enough that his broker didn’t mind.
at Ameritrade. Wonder how they’ll like that. Be a lot of overhead and accounting on their part.
Do that often enough and they’ll insist you take your business elsewhere. The are not obligated to bear an unprofitable account.