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 US stock discussion v3, Double Bottom coming?

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prophetjul
post Jan 20 2011, 09:28 AM

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Hi PPL

What trading houses/portals are you using?

TIA
prophetjul
post Jan 21 2011, 08:34 AM

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QUOTE(prophetjul @ Jan 20 2011, 09:28 AM)
Hi PPL

What trading houses/portals are you using?

TIA
*
Walau.....no answer..... cry.gif
prophetjul
post Jan 21 2011, 03:10 PM

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QUOTE(ronn77 @ Jan 21 2011, 10:18 AM)
There's few you can take a look but for me I'm using just2trade.com

The fees can be says as cheapest among all ($2.50 per transaction).
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QUOTE
Aisay.. wasn't sure if that's even a question directed to me or someone else lah.

I got TD Ameritrade, ScottTrade, MBTrading and Interactive Brokers.

Still haven't try Just2Trade yet.. I may check it out later since it been known here as low rates broker.


Thanks GUYs! thumbup.gif

Who operates just2trade?

How do you regsiter and put in the cash? Like Ameritrade and Scottrade.....those are foreign houses.....how do you transmit funds to them?
prophetjul
post Jan 22 2011, 08:35 AM

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QUOTE(danmooncake @ Jan 21 2011, 11:29 PM)
Of course they are foreign (not local). Just send cheque or TT to them.


Added on January 21, 2011, 11:32 pm

What about report to Bank Negara? hmm.gif

prophetjul
post Jan 22 2011, 10:54 AM

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QUOTE(danmooncake @ Jan 22 2011, 10:17 AM)
Yes, $1 per 100 shrs, $10 for 1000 shrs.


Added on January 22, 2011, 10:18 am

What  Bank Negara? Why are they involved?  hmm.gif

i think theres BN requirement if you are transfering more than Rm30k outta country, you have to lodge a report.

Someone who works in bank can clarify? icon_rolleyes.gif

prophetjul
post Jan 24 2011, 07:48 AM

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QUOTE(danmooncake @ Jan 22 2011, 11:18 AM)
I believe that's just the regular exchange control paperwork that you've to fill out at your local commercial bank.
They will handle the reporting to BN (if they need to).  Should be transparent to you. No big deal.
*
OIC....thanks mate! thumbup.gif

Seems using these U.S brokers are more efficient than the local portals?

i guess they supply you with trading portals with live quotes as well?


Added on January 24, 2011, 8:52 am
QUOTE(prophetjul @ Jan 24 2011, 07:48 AM)
OIC....thanks mate!  thumbup.gif

Seems using these U.S brokers are more efficient than the local portals?

i guess they supply you with trading portals with live quotes as well?
*
Another thing damoon, why do you use so many brokerages?

This post has been edited by prophetjul: Jan 24 2011, 08:52 AM
prophetjul
post Jan 24 2011, 09:14 AM

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QUOTE(ronn77 @ Jan 21 2011, 10:18 AM)
There's few you can take a look but for me I'm using just2trade.com

The fees can be says as cheapest among all ($2.50 per transaction).
*
Hi ronn

whats the procedure for signing on?
What are the forms you will have to fill up and submit?

Thanks
prophetjul
post Jan 24 2011, 09:49 PM

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QUOTE(ronn77 @ Jan 24 2011, 06:29 PM)
sign via online and you need to submit your national ID and W8-BEN form then you're ready to go.

tonight gonna get ready to load some of the stocks if it continue to dropped for a bit.
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Hi ronn

Thanks for the reply.
Do i submit everything including ID on line?

i guess i will have to transmit funds before i can trade? smile.gif

This post has been edited by prophetjul: Jan 24 2011, 09:49 PM
prophetjul
post Jan 25 2011, 09:22 AM

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QUOTE(ronn77 @ Jan 24 2011, 11:41 PM)
You can send your id and form via online to their email. Thety will guide you on how to submit your documents either via email or courier according to your preference.
Thanks Mate!
prophetjul
post Feb 16 2011, 11:34 AM

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For those who trade the U.S mkts, an interestin read

http://www.gold-eagle.com/editorials_08/summers052710.html


I Reveal The Greatest Market Indicator In History

Graham Summers
May 27, 2010

I'm about to reveal a true market secret to you.

However, before I do, I'd like to share the below quote with you. I think it summates just how much the world has bought into the notion that the Fed can save the markets.

"I was advised that rejecting [Bernanke's] nomination would cause markets to nose dive, which would hurt retirees and families saving for their future. I am not enthusiastic in my support. " 1 - Senator Barbara Mikulski (D- MD)

Source: www.zerohedge.com/article/feds-racket-exposed

The above quote is truly staggering when we consider its implications. In plain terms, here is an adult human being (an elected official or so called "leader," no less) admitting that she and her ilk operate under the childish belief that Ben Bernanke HAD to be re-elected as Fed Chairman in order to prevent a market nosedive.

The implications of this quote are vast. Among the more serious:

Any and all claims of recovery or a new bull market in stocks are lies (if things were fine, why would a new Fed Chairman cause everything to collapse?)
The stability of the entire system is contingent on continued funny money and easy access to credit for the Wall Street elite (our stock market is the equivalent of a drug addict needing a new "hit" weekly)
Whoever advised Senator Mikulski essentially committed an act of financial terrorism, threatening disaster to get what they wanted. Wall Street and its cronies have played this card several times in the last few years, most notably Hank Paulson and Ben Bernanke's "give us $700 billion or the whole world will implode" act in 2008 (by the way, didn't the market collapse DESPITE them getting the $700 billion)?
The entire financial and political world have "bet the farm" that Ben Bernanke and the world's central bankers know what they're doing.
This last implication is the most serious.

For 30+ years, the financial world has operated on the idea that the Federal Reserve can solve any problem. This not only induced unsavory risk taking and over-leverage, but masked the fact that the Federal Reserve itself was in fact one of if not THE cause of most of the problems created in our financial system.

Bernanke has now thrown everything including the kitchen sink at the financial crisis. And as the last few weeks have demonstrated, he's done nothing but pave the way for an even bigger Crisis. What should have taken down a handful of Wall Street banks is now going to wreck the US currency (what's happening with the Euro today will eventually happen in the US).

Which brings us to my secret indicator. This is THE most defining metric in terms of knowing when the buy or sell in today's market. It has "triggered" at EVERY single major market turn-point in the last five months.

This trigger registered a "sell" one day before the market collapsed on January 22, 2010.
It then registered a "buy" on February 23, 2010: THE day the massive rally into April began.
It even called the May 6, 2010 Crash, registering a "sell" exactly one day before.
As you can imagine, had you followed this metric's signals, you'd have made a fortune in the last four months alone. I only just stumbled across it the other day when I was reviewing dozens of charts of the market's action during the last five months.

I call it the PADSOCO trigger.

It stands for…

Politicians Actually Do Something Or Chicken Out (PADSOCO).

As ridiculous as this sounds, I'm not joking at all. Political decisions regarding Wall Street and the Too Big to Fail banks have marked EVERY major turn point for the market in the last five months has come.

Consider…

On January 21 2010, President Obama proposed legislation that would ban proprietary trading at banks. What followed was the fastest, most severe sell-off since the March 2009 rally began.




Then on February 23, 2010, the Administration announces it is considering dropping any ban on prop trading. What follows is the largest, most absurd ramp job we've seen in months: at one point the Nasdaq was up something like 20 out of 24 days, a rally we've not seen since the Tech Bubble.




Things melt-upwards until May 3rd when Congress introduced another attempt at breaking up the "too big to fail" banks. We all know what happened next.




May 7, 2010, Congress announces that the Too Big to Fail ban failed to pass. This, combined with the $1 trillion bailout in Europe and the Federal Reserve opening up credit lines abroad, resulted in stocks posting their largest gap up in history.




At this point, if you're looking for hints of where the market is heading it might make more sense to watch C-Span than CNBC.

Indeed, Congress has gotten itself in a real mess. This year is an election year and voters are increasingly pissed off about the bailouts and stimulus. However, every time the politicians propose some piece of legislation that might negatively impact the large Wall Street firms, Goldman and pals implode the markets (see May 6).

In plain terms, the market is now more "political" than any time that comes to mind. So it is small surprise that is it legislation, NOT financial or economic data, that is marking the major turn points (the Greek situation has been an ongoing farce since December '09).

So if you're looking to identify key turns or changes, keep your eyes on financial reform and legislation. It's nailed every major turn in 2010. And with political pressure increasing as we approach elections, it's likely to play an even more crucial role going forward.



Good Investing!

Graham Summers

PS. If you're worried about the future of the stock market, I highly suggest you download my FREE Special Report detailing SEVERAL investments that could shelter your portfolio from any future collapse. Pick up your FREE copy of The Financial Crisis "Round Two" Survival Kit, today at: www.gainspainscapital.com/MARKETING/roundtwo.html




prophetjul
post Mar 11 2011, 03:21 PM

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Right depends...on yer positon......i am now 50% cash.....waitng for entry
prophetjul
post Mar 17 2011, 09:45 AM

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Hi all.
i have just opened an account with Just2trade.

Whats the risks having an account like this?

Could this stock trading company fold up and what happens to our holdings?

TIA


Added on March 17, 2011, 9:47 am
QUOTE(danmooncake @ Mar 17 2011, 08:32 AM)
The big boys fund like Pimco sold out all US debt before the Japan crisis hit but just right after Oil (Egypt and Libya) crisis hit.
With Japan crisis now surfacing, I can see US Treasury will be sold off from Japan to raise cash for rebuilding and this could cause rates to rise. That's means equities will go down.

It will be interesting to see how the Fed will react this this crisis. Will they continue to buy Treasury? Today, they cancel their regular POMO activity. Perhaps with the crisis at hands, US economy still hasn't recover, maybe they will re-assess the situation announce QE3 in the plan later this summer. If so, that would be major disappointment for bears.

At least, I think we need a min 10% correction.  We've got 6.5% so far.  I'm ready to walk this down now.

But, first, need a small bump back up so that I can re-short with better price.  brows.gif
*
If they raise rates, will they not sink the U.S economy?
More homeloan owners will hit the wall?
Small Biz will feel ill............

This post has been edited by prophetjul: Mar 17 2011, 09:47 AM
prophetjul
post Mar 17 2011, 11:02 AM

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QUOTE(danmooncake @ Mar 17 2011, 10:42 AM)
For Just2trade - just look for the SIPC guarantee in your signup form. Make sure it has it. SIPC guarantees your holdings but not the value of the stock.

Yes, if the FEDs stop POMO action or raise rates and if the current unemployment hasn't gone below 7-8% yet or GDP still weak, it will sink the economy.

As for home loans.. this haven't recover yet. Many still under water from the demise in 2008.

A lot of folks say we're in the super bull market... but.
after 24 months..the market hasn't recover yet back to its high yet.

How do they know if the market is not inside this secular bear?  brows.gif
*
dan

Thanks for your reply.

Which signup form. The first one during registration with the site?
i didnt sign anything there except to put my name.

The only form which i actually put my signature is the BEN form
prophetjul
post Mar 17 2011, 11:24 AM

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QUOTE(danmooncake @ Mar 17 2011, 11:19 AM)
No, what I mean is read this:
http://www.just2trade.com/about_us/security_and_insurance

I think you're ok since they're member of SIPC and covered up to US 100K cash or US 500K in equities.
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Hi dan

As usual Thanks in advance for replyin.

i signed up online. So theres no physical signature.
In fact, how do you see the agreement online?
i have tried to look at the document in my account.
Cant find it! rclxub.gif

i have not send funds over yet....

They covered up to only USD500k ?
prophetjul
post Mar 17 2011, 02:02 PM

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QUOTE(danmooncake @ Mar 17 2011, 11:49 AM)
No, if you carefully read the print, it says

"In addition to SIPC... Just2Trade accounts are protected with
additional coverage of $100 million through Lloyd’s of London.

With SIPC and Lloyd’s of London coverage, you can feel protected: up to $25 million per client (as defined by SIPC rules)..."
*
Hi Dan

You are very good with fine prints! thumbup.gif

Thanks!

Now i can remit the funds over..
prophetjul
post Mar 21 2011, 10:11 AM

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dan

sorry some more questions

a) any problems with just2trade before?

b) In the using of wire deposits, it instructs to go through a clearing house called Legent Clearing LLC. It states in its instructions to input this

ABA / Routing No
021-000-018

Whats this?

c) In identifying yourself, do you have to state 'Just2trade account no'?

Thanks in advance


Added on March 21, 2011, 10:13 amIf you guys like volatility ofr swing trades, try AGQ- ProShares Ultra Silver......very wild!

This post has been edited by prophetjul: Mar 21 2011, 10:13 AM
prophetjul
post Mar 21 2011, 11:29 AM

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QUOTE(zamans98 @ Mar 21 2011, 11:18 AM)
(a) No problem
(b) YES, correct. The clearing house hold your cash, not Broker
(c ) Yes, put in your account number (like for the account of #123456789)

Volatile? Hehe, I've seen better. That Ultra Silver is treated as occasional play. I have seen and trade an ETF with 7~35$ day range or normal stock with 3~15$ range like LVS, X, AIG, AAPL, AMZN, FSLR and NFLX.

ACQ Options is doing great. Since this is an occasional play, it worth to punt smile.gif... ThankS!
*
thanks mate!'

You guys have been greattttt!!!!

Good luck to all

But whats the routing number thingy? ABA / Routing No
021-000-018



And do you have to identify your wire transfer as transfer for Just2trade number of just simply put in your a/c number?

This post has been edited by prophetjul: Mar 21 2011, 11:32 AM
prophetjul
post Mar 21 2011, 11:42 AM

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QUOTE(zamans98 @ Mar 21 2011, 11:38 AM)
ABA = American Bankers Association

Check : http://www.routingnumbers.org/
Check : http://www.quentinsagerconsulting.com/util.../aba_online.php
Bank Name    THE BANK OF NEW YORK MELLON
Routing Number    021000018
Address    500 ROSS ST. AIM 154-0960
City    PITTSBURGH
State    PA
Zip Code    15262-0001
Telephone Number    (412) 236-3338
Office Type    Main
Servicing Number    021001208
Record Type Code    1
Institution Status Code    1
Record Revision Date    2009-07-31

Your money will goes to Legent Clearing LLC, account with BONY (Bank of New York). They will later notify Just2trade that they received the cash. This is where you need to provide your trading account number to them. That's all.

I did 3x transfers with success.
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That was fast mate. Thanks!

So then my trading account number is simpy 1234567 or you have to identify it as just2trade a/c no. 1234567?

This post has been edited by prophetjul: Mar 21 2011, 11:43 AM
prophetjul
post Mar 21 2011, 11:47 AM

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QUOTE(zamans98 @ Mar 21 2011, 11:43 AM)
This is how mine looks like in the TT form online @ HSBC

Name:                  LEGENT CLEARING LLC
Account number:  890-062-0633
For beneficiary:          <your name here, full as per application> for JUST2TRADE.COM                                                                                         
For your account:  <your account number here>
*
thanks zamans.

Thats a great help especially sending funds to such a great distance.

Getting that done later.
prophetjul
post Mar 22 2011, 10:56 AM

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My miners did pretty last nite

SLW 5.5%
AGQ 5.85%
AXU 12.3%
MNEAF 8.1%
AG 8.57%
AUNFF 10.8%


Pls DYODD before commiting

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