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My Top 2 Stock Brokers for 2021 (For Day Trading) - YouTube
Channel: ClayTrader
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one of the most common questions i get
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and rightfully so it's a good question
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is hey clay
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i want to day trade stocks what sort of
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broker would you recommend
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so what i want to do here is talk about
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my top two stock brokers
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four day trading stocks and that way you
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can give yourself at least a starting
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point of what sort of platforms
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and you know brokers you may might want
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to consider now i'm not going to beat
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around the bush the two i'm going to
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compare
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are weeble and lightspeed i personally
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use lightspeed and
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if you're able i would recommend using
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them and i'll get to that here in just a
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second
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because not everybody's going to be able
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to use them but
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i also want to assure you that even if
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you can't use them weeble is still a
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fantastic alternative especially if
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you're on a budget
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i also want to note right up front that
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if you do go with weeble and you
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use the link down below yes you'll get a
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couple of free stocks or whatever perks
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they're running right now
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but that is an affiliate link so i'll
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get something too so want to be totally
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transparent about that
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but that's also not the reason why i'm
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recommending them as an example
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robinhood
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also offers an affiliate program and i
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will never recommend robinhood
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so it has nothing to do with the
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affiliate but just want to be
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transparent about it so let's hop
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in and i'm going to cheat here i have my
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phone because i have a list of several
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items that i want to go through
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so the first one is commissions weeble
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wins weibull is
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zero dollar commissions there's no fees
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so from that point of view if you are
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working with a smaller account and
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commissions really really play a vital
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role in your trading then weeble
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is going to win out over light speed now
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lightspeed has a couple different
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commission plans you can do per share
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you can do per trade
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uh so but point being there are
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commissions that are associated with
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light speed
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second one the requirements so i
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mentioned earlier that
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i would recommend using lightspeed if
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you can but
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a lot of people might not be able to and
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you're not alone but and if you want to
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use light speed you need to have at
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least
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25 000 to open up the lightspeed
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platform
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and see the plat or use the platform
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that you see in my live trade videos
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and if you don't have 25 000 that's
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totally fine i didn't have twenty five
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thousand dollars when i started
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and that's doesn't make you a bad person
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doesn't make you a bad trader
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just twenty five thousand dollars it's
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not exactly like that's a small amount
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of money but that is gonna be the
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requirement
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if you want the you know high
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functionality platform that lightspeed
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offers
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as far as weeble once again they win in
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this category no requirements you can
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sign up with whatever amount
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now i should note that if you want to
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unlock everything as far as the
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affiliate link that down below if you
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use that you will need a deposit 100
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but that 100 is not a cost because you
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can still use that one hundred dollars
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to trade so that hundred dollars isn't
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going to pay for anything
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it's just ensuring that you open up the
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real time date and all that within the
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weeble platform so once again
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as far as requirements weibull
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definitely wins how about order
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entry order entry very very important if
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it's
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clumsy to enter in an order if it takes
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a lot and it takes forever
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then i mean you can miss out on
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opportunities from the day trading
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perspective
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both of them i'll give a tie here they
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both win light speed fantastic order
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entry platform
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both have hot keys so if you're somebody
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that likes to use hotkeys
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both weeble and lightspeed offers that
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so from that angle
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you got to give it it's just a draw they
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both have very very nice order entry
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boxes
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where you can get your order into the
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market very very quickly
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as far as execution speed though light
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speed wins here
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for sure they're a direct access broker
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and this is where one of those things is
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you you kind of get what you pay for
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when it comes to execution speed now
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it's not like weeble takes 10 minutes to
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fill an order or anything like that
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so what i'm saying execution speed and
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that light speed is
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faster i'm talking about seconds right
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maybe not even seconds maybe half a
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seconds
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faster now that may be very very
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important to you depending on your
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strategy depending on what sort of day
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trading you're looking to do
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maybe it's not that important i don't
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know but the point of being just
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from a comparison sake yeah execution
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speed because
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light speed is direct access is going to
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be faster than weeble so in that
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category light speed wins out
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next one are the technical charts weeble
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definitely wins here uh so much so that
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again i use lightspeed but
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again going back to my live trade videos
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the charts that you see as part of those
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videos are not from lightspeed i want to
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say that again they're not from
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lightspeed
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i don't like light speed charts at all
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so much so that i actually go and pay
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for a third party
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uh provider in fact and this is why i
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say
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and that's why i would say that weeble
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wins because they offer great charts and
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that's
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originally why i recommended them
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because their charts are really really
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nice
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for something that's totally free well
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not totally free because you got to be
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able to you know uh
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you put in 100 up front but assuming you
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do that and once again that's not to pay
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for the charts it's just
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to unlock things because you could use
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that money for trading but they offer
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really nice charts and i'll put a video
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down below where you can go
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and you know kind of see the i'll walk
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you through the platform a little bit
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more and you can see how the charts work
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but
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they're fantastic but like i said to my
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point lightspeed their charts are
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lacking and i
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actually pay so let me pull up the email
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because good timing here
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so you can see on this image that i just
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got my billing reminder well almost
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coming up here but
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i'll be paying and i cuz i buy and bulk
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1
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740 plus a service fee who knows what
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that is of 381 dollars
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so more of the story i'm paying over 2
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000 per year for my charts now i
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the charts i use are e-signal i love my
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charts they're fantastic i think they're
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the best charts out there for sure
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but i mean do you have to have them no
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absolutely not
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you know the main thing with trading is
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what's going on in here you could have
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the greatest charts ever but if you
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don't know what you're doing
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then who really cares but point being
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again this is why weeble is such a
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budget-friendly choice
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because they have all they offer great
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charts and you don't have to go out
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there and spend it like you just saw in
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my case
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over two thousand dollars per year so
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technical charts definitely goes to
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weeble there and as a technical trader i
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want to spend a little bit more time on
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that point because
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yeah technical charts to a technical
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trader are going to be a very very
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important aspect of any sort of platform
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next scanners definitely weibull they
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have a lot more variety they have a lot
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more things you can scan for
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lightspeed don't get me wrong it's not
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like they don't have anything but in uh
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you know
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as far as the as many options and
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choices as you have you got to go with
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weeble there
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they have a whole lot more and i already
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referenced the video once but
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if you go and watch that other video
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you'll see that there's a lot of
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different scanners within weibull itself
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and then as far as the general platform
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gotta go with weeble a weibull again and
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this is kind of maybe a little
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repetitive but when you factor in the
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charts
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the scanners the order entry and a lot
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of other little nooks and crannies in
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terms of just how much you can customize
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it
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they get the slight edge over light
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speed i mean light speed it's not by any
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means a terrible program it's a very
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good platform
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but as far as like i said those other
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little attributes
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i'd have to give this slight edge you
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know the overall platform the overall
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feel of it
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you know the overall amount you can
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customize to weibull once again
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and then as far as customer support got
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to give this one to light speed
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light speed they're not like uh a
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thinker swim
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or i guess that's td ameritrade they're
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not they're not like these bigger
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brokerages
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where you call up and then you can get
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put on held for an extensive amount of
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time
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uh with with lightspeed sometimes you'll
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call up and you just get a hello
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you're like wait is this lightspeed
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because they're a smaller operation
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so you get direct access to people and
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they'll they'll take care of you very
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quick
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um i have had some issues just like any
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broker is going to have issues uh the
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really question becomes a
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how often do the issues occur and then b
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how well are they dealt with
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and a how often do they happen with
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light speed not very often and b however
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they dealt with
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very very nicely so got to give the
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customer support to lightspeed again i'm
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not saying that that means that
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weibull's
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customer service department is terrible
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but
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weibo does have you know more people out
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there at least i'm assuming they do
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because they're free and they're more
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budget-friendly
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so they're just not quite to give as
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much of a kind of one-on-one type
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customer service approach but i mean
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they still do have a customer service
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department but as far as in the
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comparison
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you got to go with light speed as far as
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the phone app
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weibull wins and it's not even an
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argument at least at the time of this
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recording lightspeed does not have a
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phone app so
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you're just not going to be trading from
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your phone but weibull has not only do
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they have a phone app it's actually a
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really really nice phone app in and of
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itself so if you're somebody that's away
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from your computer
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and you can't spend all your time at
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your computer but you still want to be
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involved in the markets and such
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uh then yeah weeble again fantastic
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phone app and they actually
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have a phone app unlike lightspeed and
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then finally
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practice trading demo trading paper
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trading simulator trading whatever
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you want to call it gotta go with weeble
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because
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mainly lightspeed offers one it's nice
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but it's two weeks or maybe i think two
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weeks or a month don't quote me but the
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point here being it's a limited time
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frame and then
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they pull the platform away from you so
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you just got to keep that in mind
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whereas if you do want to do demo with
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lightspeed it's a great platform but
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there is that time attribute to it where
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it's limited and you're not going to be
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able to
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uh you know do it for as long as you
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want whereas weeble you can practice
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and practice and then practice some more
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and there's no time limits
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and it's perfectly fine so that is the
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side-by-side breakdown in fact right now
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let we'll put up an image and just go
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down it again so again commissions
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weeble requirements weeble order entry
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both are nice a weeble and light speed
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execution speed got to go with light
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speed technical charts
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weibull scanners weibull the platform
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has a whole
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weeble customer support lightspeed phone
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app
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weeble and then practice trading for the
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reasons we just discussed once again
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goes for weeble
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so i hope this was helpful and hopefully
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this kind of got you started i'm not
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saying either these brokers
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are like the missing piece or the holy
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grail or the secret sauce to having
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great success as traders i mean at the
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end of the day like i already mentioned
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it's what's going on up here that's
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going to ultimately give you success
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but the tools the platforms they can
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definitely play a big role
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in making what's going up here a little
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easier to implement in the real world
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and i think these two
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brokers would be a great start uh you
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know for you to get started in that
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regard to you know starting to implement
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your knowledge
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into the markets to make some money so
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if you have any questions comments
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suggestions for maybe future videos
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leave those down in the comment section
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below
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also if you enjoy these review type
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videos or maybe comparison videos
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hit that like button and also let me
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know that down in the comment section
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i'm wondering if i should do maybe more
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of these
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and then finally check out the channel
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as a whole lots of other videos i talked
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about live trading videos so you can
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check those out
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hopefully you decide to hit that
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subscribe button but again yeah if you
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do decide that you want to go with
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weeble
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use that link down below that is an
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affiliate link but you will get
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something
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uh you know from it usually they're
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giving away free stocks or they'll give
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away some sort of referral fee or
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something like that to you
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so you'll get something for signing up
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if you use that link so like i said if
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you if you do want to go with them
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and you want to help me out and support
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that'd be great click that down below
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um and but again that isn't a fail link
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just to really be transparent about that
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but overall check out this too and
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hopefully this can help you get started
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and help you get out there
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and give you a better launching pad in
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terms of what sort of brokers you should
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be considering
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first off thanks so much for watching
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the entire video real quick before you
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go
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i want to invite you to a live webinar
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web class training workshop online event
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whatever you want to call it but it will
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be me live
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revealing to you what i discovered that
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has allowed me to transform myself from
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being an
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employee to being my own boss including
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how i had only one losing day out of 73
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days in total
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i'm going to cover three keys that have
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helped me unlock
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profitable consistency within the
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markets the first key is super weird
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but in a productive type of way the
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second key is super awesome because it
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quite literally is wired into our dna as
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humans
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making it very easy to use but in a
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cruel way
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this becomes a pitfall for many traders
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i'll explain it all though
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including how to avoid the pitfall that
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it creates for some
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and yeah the third key when you hear it
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sounds way too good
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way too good to be true but it's not and
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i'll show you how it all works then
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at the end i open it up for a question
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and answer session that is again
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totally live even if you can't make the
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live session please still sign up as it
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will be recorded
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and you can go back and watch the replay
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that i will send you
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click the image on the screen or click
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the link down in the description box
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so you can get the date and time and
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claim your spot which i should note is
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limited due to the fact that this truly
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is a live event
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if you have any questions let me know if
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not i'll be seeing you soon
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