About Discretionary E-Trade Accounts

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Discretionary E-Trade accounts allow E-Trade and their traders the ability to sell stock for individuals once the investor sets high and low limits for selling trades. Fill out an application for a discretionary E-Trade account with help from a business professor in this free video on E-Trade.

Part of the Video Series: E-Trade Brokerage Firm
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Video Transcript

Hello, my name is John Niemira and I wanted to talk to you about discretionary accounts with E-trade. Discretionary accounts do not qualify for everybody. You, you want to get onto E-trade and fill out the application for a discretionary account. What a discretionary account does is it gives E-Trade and the traders at E-Trade the ability to sell stock for you when you set highs and lows and limit for selling trade. So you're using their brokers to make, help make decisions with the stocks that you are purchasing. So you work together with a broker there; they, you set the high and low limit; you decide that when you want to sell and buy and you want to give them the authority as a normal broker to sell for you, to buy for you; to set limits on the high side, to set limits on the low side. Not all will qualify for this account, so you want to get online, getting contact, fill out the application and get a one on one with one of the brokers there. For anymore information on this topic or any other business topic, you can contact me directly at my email jniemira@gmail.com.

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