Scottrade Free Trades 2013

Review of: Scottrade
Discount Stock Broker:
Scottrade
Price:
$7 per trade

Reviewed by:
Rating:
5
On October 28, 2008
Last modified:January 8, 2013

Summary:

Open a Scottrade brokerage account using Scottrade promotion code KGKP0724 and receive 3 commission free trades. Refer your friends to Scottrade. For every referral, you will receive 3 commission free trades and there's no limit on the number of free trades you can receive.

In early September, I put up a post on the new Scottrade 3 commission free trades promotion. Because I have been a loyal Scottrade customer for many years and generally quite happy with their service, I wanted to share the promotion with everybody so people can save some money on commissions if they want to have a Socttrade brokerage account (Scottrade charges $7 per trade, so the total savings from this promotion is $21) and get a few commission-free trades myself at the same time. Since then, some readers contacted me to request the referral link. Many simply used the promotion codes I left in the post to serve themselves (it’s still available BTW). When I checked my Scottrade account yesterday, I saw that in the past 1.5 months, I have earned more than 1050 free trades (and huge Thanks to everyone for using my Scottrade promotion code)! That’s a shockingly large number I have to say.

While I am happy to see that many people had taken advantage of this offer, the problem I am having for myself now is: How to use all the Scottrade free trades before they expire in half a year?

Of course, I can only use them to buy stocks, even though I’d be very happy to share some with those who can use them. But what should I buy? The last trade I made with Scottrade was the 60 shares of Morgan Stanley (MS) I bought last month, which went terribly bad. From what’s going on in the stock markets so far this month, October will be the worst month for investors in a long time. And when that happens, there should be plenty of opportunities to buy stocks, as Warren Buffett said recently in a piece in NY Times. To do just that, I just transferred $1,000 new money into my Scottrade account, the first in a long time. I don’t have anything specific in my mind now what to buy, most likely I will start with what I already own. Any suggestion on what look attractive now?

In any case, most of the free trades I earned are probably going to expire. 1050 trades? I never imagine I could make so many trades in such a short period of time :)

BTW, if you are interested in getting a Scottrade brokerage account and start to earn free trades yourself, here’s how you can get 3 commission free trades to begin with:

  1. Go to Scottrade.com
  2. Use the promotion code KGKP0724 to open an account (a minimum of $500 is required)
  3. Enjoy your commission free trades.

And once you have an account with Scottrade, you can refer your friends to Scottrade and earn more free trades for yourself.

If you are not familiar with Scottrade, here’s a quick introduction. Scottrade is an online discount broker where you can trade stocks, ETFs, and mutual funds. Opening a brokerage account at Scottrade is easy, requiring only $500 initial deposit and taking about 10 minutes to complete the whole process. To learn more about Scottrade and its products, services, and fees, check out my comprehensive Scottrade review post for details.

Open a Scottrade brokerage account using Scottrade promotion code KGKP0724 and receive 3 commission free trades. Refer your friends to Scottrade. For every referral, you will receive 3 commission free trades and there's no limit on the number of free trades you can receive.

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Author Info

This post was written by Sun You can find out more about Sun and his activities on Facebook , or follow him on Twitter .

2 Responses to “Scottrade Free Trades 2013”

  1. market folly |  Oct 28, 2008 at 11:19 am

    you could just use all the trades to average into positions over time, seeing as there’s no way to time the bottom of the market. also, i’d suggest using some of the free trades to buy some hedges, like SDS for instance, its 2x the inverse of the market. so if the s&p goes down 2%, SDS goes up 4%. so you could buy some indexes with your trades and then buy a 20% position in SDS to hedge yourself from near-term downside risk as you average into your position for the long-term