are there any stock trading companies that offer unlimited trades?

[jon h]

Im interested in daytrading, i have been playing the real market with fake money through facebook and have been doing well. But ive been making alot of trades. I dont have that much money to invest so spending $10 on each trade when i may make 10 trades each day can really add up. Are there any trading companies that offer unlimited trades for a certain fee? im think of starting with $5,000. do you think that is sifficiant? im not looking for huge gains, and a profit of even $50 on a trade is fine with me. i would just like to start playing the market and learn.

[Space_Cadet]

Scot trade says they will charge you $7 but that has other fees that may apply. Banc of American will let you have 360 free trades if you maintain $25k in an account.

Net is -- You got to pay somebody - something.

[walt17jr]

If you are going to be a day trader you must have a minimum of $25,000.00 in your account. This is an SEC regulation.

Also, I'm not familiar with all brokers, but I doubt that you will find one who offers the kind of account you described. Unless you have a very large account.

If your practice has been successful, I would suggest you open a regular account and start investing slowly with real money. Scottrade offers $7 trades and no fees.

[Houyhnhnm]

zecco.com will let you trade for free--I'm not sure about 10 trades a day but enough to keep you busy.

Interactive Brokers has been around a lot longer and will let you make any number of small trades for $1 each.

There is an old adage that you shouldn't confuse genius with a bull market. Have you traded successfully through a downturn and learned when to go short or flat? If you have, and you don't choke with real money on the line, you are a rare breed.

If you have $5,000 you've got to limit your number of positions. If your goal is $50 per trade, you'd need 1% return on your whole $5,000 stake on every trade. That's pretty ambitious for true daytrading, and if you have a drawdown to $2,500, you have an impossible 2% goal.

Another issue is that if you make a few day trades in a small account, the broker will cut you off because the SEC requires a larger minimum balance for "pattern day-traders". The balance doesn't have to be cash, it can be other stocks that you aren't trading much.