I used to trade through a very well-known discount brokerage, but one of the things they kept doing was incorrectly calculating the margin on certain types of trades. That’s a BIG deal. It’s not as if they were unethical, they just didn’t properly assess my true risk in positions. When mathematically my risk is one amount and then the broker incorrectly calculates that, it leads to some critical problems including: too much capital tied up, lower return on capital, and in certain accounts the inability to place certain types of trades which my risk tolerance and approval level should have allowed.
Those are just some of the reasons why I switched to my current broker, which of course stays well within the law and SEC rules. However, it is able to accurately assess my risk and lift certain restrictions which some of the discount brokerage dinosaurs still do not fully understand.
Of all the technology and tools available to you as a self-directed investor, the most important is your broker. They provide the software interface between you and the exchanges, so it’s simply not a point of compromise.
When choosing a broker, every available advantage must be considered. These advantages include but are not limited to: reliability, cutting-edge technology, accurate data, industry experience, stable mobile apps, access to trade all kinds of products, and of course friendly and helpful customer support representatives which serve as your ally.
My preferred broker offers all of those advantages, which has earned them an excellent reputation in this industry. When something great comes along and then continually improves, why look to place trades anywhere else?
Anytime you see my positions posted or trades shared on the site, this is the software behind it. If you want the ability to duplicate what you’re seeing done here, it only makes sense to go this route.
Opening and funding an account is fast, secure, and easy, so start the process today and be sure to apply for options permissions. You can even test out the technology before you fund your account. Whether it’s an IRA, Trust, cash or margin account, this is the broker that gets my vote (and my business).
