Mar 232010
I deposited my $5,000 risk capital to WTC on Friday afternoon. I did a direct deposit from my bank since they also use Wells Fargo. Saved a bit for the wire fees. I confirmed with the representative I’ve been working with, Troy, that it made it to their account. Now I’m just waiting on Sterling to set me up with a license. After that, we do a quick training call and I’ll start trading!
I’m looking forward to trading with no commissions and no 3-round-trip-per-week limitation. I am a little nervous about the ECN fees, manually choosing routes and order execution / fills. I’m not 100% sure how direct access trading works and it seems like it could get expensive if you’re trading the low priced stocks that I’ve been working with so far.
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