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  • Which brokerage to use??

     CLAYnation updated 1 year, 4 months ago 8 Members · 15 Posts
    AMC
  • ApeGrip

    Member
    May 12, 2021 at 1:53 am

    I have a majority of shares in RH but I also have a decent amount in Webull and ETrade, was thinking about making a large purchase tomorrow. Which brokerage is not associated with cita that I can wire in a bunch tonight to buy for tomorrow AM? Any and all help is appreciated thanks in advance 🦍’s

    • This discussion was modified 1 year, 4 months ago by  ApeGrip.
  • Shawn

    Administrator
    May 12, 2021 at 1:58 am

    Dont use robinhood use webull or another.. there is a link on your dashboard that if you sign up with webull with that link it supports this site.

    • ApeGrip

      Member
      May 12, 2021 at 2:01 am

      Already have a nice amount in Webull, trying to diversify just in case so I want another I can put a good amount into, was thinking Schwab or Fidelity but it seems they are both associated with Cita as well? What would you do if you had a bunch in RH, WB, ET and you wanted 1 more??

  • Shawn

    Administrator
    May 12, 2021 at 2:32 am

    Perfect move the robinhood somewhere else… to hell with robinhood

  • Curunir

    Member
    May 12, 2021 at 9:17 am

    Variety is the spice of life…and can be a life saver.

    I started with TD Ameritrade and really liked it. Good web, desktop and phone usage, awesome paper trading and education, and quick and free transfers.

    I started up Webull when Matt Korhs switched over to it and was showing off some of the things he liked more than TDA.

    Additionally I have my banking with Chase and their built in trading system is pretty well integrated and works good. I don’t know if it’s available to people that don’t bank with them though.

    I actually am keeping all three for now though I’ll probably drop TDA after the AMC excitement as it doesn’t offer much more than Webull does. I had Chase and TDA going through the mini GME squeeze a couple months back and no problem selling and rebuying during that when all the RH users were being cut off.

    If you do want to switch what I have seen most people suggest is don’t transfer. RH could drag it out and put you at risk. Sell a chunk of shares, get the cash into your new account and buy the next morning dip. You may even get an extra couple shares out of the process. Once those are bought then do another chunk. Depending on your numbers you may switch everything in just 2-3 cycles. If you sold everything in RH at one time though fate could have the squeeze start in the couple days you’re waiting for your money and rebuy.

  • FayeLikesThisStock

    Member
    May 12, 2021 at 10:50 am

    I started with Robinhood like a lot of people did. After they went crazy, I started buying my shares on Webull. I’m too paranoid to switch over my shares from Robinhood to Webull and miss the squeeze because I have a good chunk of my shares there. 🙈

    Once I sell my Robinhood shares I’m going to close my account with them and stick to Webull for now. I do have a few shares I bought with cashapp too.

  • Hit-Monkey

    Member
    May 12, 2021 at 3:13 pm

    STORY TIME!

    When I first decided to become an APE the universe seemed to be looking out for me. 1st, I set up an RH right at the time when they 1st started the douchebaggery. I watched the price go from 11 to 19 dollars and couldn’t buy a single share! By the time I got my cashapp account set up and money transferred in the share price had dropped back to 9.30 a share! My luck has run pretty much this way ever since. I use Fidelity now, that’s where the bulk of my shares are.

    • Curunir

      Member
      May 12, 2021 at 3:23 pm

      Forced to skip buying high and had to buy low?

      Good karma!! Stand next to me please.

      • Hit-Monkey

        Member
        May 12, 2021 at 10:47 pm

        LOL You got it.

  • Anonymous

    Deleted User
    May 12, 2021 at 9:51 pm

    I use Webull + Fidelity.

    10k shares in Fidelity
    15k shares in Webull

    Reason?
    Webull allows earlier trading hours, Fidelity starts at 7AM while Webull starts at 3AM.
    I do like to spread over two brokers to have more options, must a broker mess up and freeze I continue with the other. Just my two cents.

    With Webull you can also set higher limit, with Fidelity you are capped on sell limit, max 50% higher than current market price.

  • robodrill

    Member
    May 12, 2021 at 10:24 pm

    I started with Ameritrade about 14 months ago.

    I added webull recently so I could dabble in crypto.

    Ameritrade is responsive. I can make a limit order, then change my mind and cancel it and it cancels immediately.

    On webull, you get a message that they will request cancellation through their brokerage.

    Also I prefer the research tools and screeners on Ameritrade.

    I do like webull, though, for the charts and the stock lists. Ameritrade expects you to have heard of a stock and research it, where webull allows you to browse an endless list of stocks and do enough research to determine if more research is warranted.

    I use the tools of each in tandem to pick a stock and then buy it on whichever seems good to me at the time.

  • ApeGrip

    Member
    May 15, 2021 at 2:29 am

    Hey guys I went ahead and opened up in Schwab, thank you for your advice on additional brokerages 👍.

    I have another question though, when it is time to sell do y’all recommend “market” or “limit” sells? I was told a while ago to do a limit sell because this way we can’t get screwed on a “cheaper” market sell than we’re seeing. For instance if you ride it down with whatever you have left you do a Limit sell a decent amount (5-10%) below what the ticker is reading so you at least end up selling for that or better where as with a market it could be on its way down from 100k let’s just say and you do a market order sell and the computer ends up selling for $300. Today I was told to do market sells however because my order could potentially not even sell and be fulfilled. Any and all advice is appreciated and welcome just an ape with xxxx trying to provide for his family. 🦍❤️👊🏽

    P.s. Gabe and Trey thank you for all you do for us, I speak for all of us when I say we appreciate you and look forward to seeing all your stuff, maybe make a quick one about this 👆😂🤣.

    @ReviewDork @Treys_New_Lamp

    • Curunir

      Member
      May 15, 2021 at 7:11 pm

      From what I’ve experienced:
      Market orders are more likely to fill and fill faster but have less control.
      Limit orders have more control but may not fill at all.

      I have tried a couple Limit orders on both buy and sell for just a few stocks. A few times I got it right but and it hasn’t always gone the way I want and been completely skipped a couple times. My Market orders always fill but may be off on the amount that’s shown when I click “submit” vs what actually closes at.

      Just out of paranoia of not doing something right I was planning on doing Market selloffs on the way down with different chunks of shares but would rather “do it right”.

      I’ll post a new topic here and a couple other places and see if we can get ReviewDork or another tuber to do a quick tutorial on setting up these safety net sale options.

  • ApeGrip

    Member
    May 15, 2021 at 7:23 pm

    @Curunir that would be amazing!! Please tag me when you make it if you don’t mind. I absolutely love this site and community. AMC- apes making cash 🦍

  • CLAYnation

    Member
    May 16, 2021 at 1:12 am

    I use TD Ameritrade who are owned by Schwab. When GME set off in January, I was unable to log into my app. I was traveling for work so I wasn’t able to try to log into the website to see if it worked. At that time, I had no knowledge of short squeezes so I wasn’t going to trade anyway so not being able to log in wasn’t a big deal. This time around is way different. I hope I can log in to my app or website.

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