The Future of Online Trading...

There are going to be some fantastic businesses built on the backs of this bust. Especially in the online brokerage and banking business.

Yesterday I spent some time in Chicago with Jon Najarian of OptionMonster fame. Jon is a great leader. He has been in the trading trenches forever. He wakes up at 4 to work on his trading business and his brand. It’s leading by example. Yesterday, I got a tour of TradeMonster.com . It is beautiful. It is very web 3.0. The trading platform and site is written in Flex. It is built by people who have traded forever.

I use Interactive Brokers. I have no complaints (other than their cumbersome security). I also hear good things about Thinkorswim.com and many of my friends use it. I have never felt the urge to try anything else.

I am opening an account at Trademonster.com as we speak for Lindzon Capital, my hedge fund. Skip Shean who runs sales and marketing gave me the tour has made this community a pretty good offer.

Open an account now and get $5 trades until the end of January. Use the sign up code ‘Howard’ to get the special offer. It is a fantastic offer for those looking to switch or open their first online account. You will get the basics too the most complicated option strategies from what I saw.

Disclosure – Just a fan, not a business relationship.