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 US stock discussion v4, Bulls-Bears HUAT AH!! Pigs get slaughter

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Mr Kong
post Sep 24 2013, 01:09 PM

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Hi guys, may i know what trading platform use to trade US stocks? I am looking to trade using a bank/platform which charges low commission.
Thanks!
Mr Kong
post Sep 24 2013, 11:25 PM

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My colleague and I are interested to trade US/UK stocks, currency, commodities. To be honest,there are many platforms out there, no doubt about that. But I mainly want a trading platform that is SAFE and charges low commission. I don't really want to restrict myself to one sector or which exchange because there are so many companies in the US.

Besides, I would like to know

1)Let's say some companies got pay dividend right, if i trade using all these platform, will they give me the dividend? If yes, then how?
2) Is it a reasonable strategy for me to use one platform to trade everything or do you guys use different platform for different investments?

Thanks a lot!

This post has been edited by Mr Kong: Sep 24 2013, 11:26 PM
Mr Kong
post Sep 24 2013, 11:30 PM

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QUOTE(netmask8 @ Sep 24 2013, 11:13 PM)
try TRADE KING . Got many brokers.. Seek Uncle Google for many help,
make good decision making and judgement. E Trade is also good.. Depending on what you want to trade?

You may use local/intl bank to wire transfer .. Fill up the application form, W8BEN, photocopy of passport
and use registered mail (Pejabat Pos ) cost less than rm10 to send it out, OR online Scan docs to them ..

What US stocks are in your mind? Technology/Nasdaq ? Health Care? Consumer Product?

An investor or a trader?  Got good Patience and Holding Power? Got finance/mgmt accounting knowledge? Why USA Stock? And
why not HK / SG markets?
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I am mainly interested in US stock because most of the biggest companies in the world are listed in the USA. I am not too familiar with HK and SG market as I do not really read up on companies listed on these 2 countries. I am both an investor and a trader, in the sense that sometimes when I sense that I made a mistake, i need to quickly sell my stocks. But how much does TRADEKING charge for 1 transaction? I went to their facebook page, it's USD4.95 flat rate if I am not wrong.
Mr Kong
post Sep 25 2013, 12:03 AM

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QUOTE(netmask8 @ Sep 24 2013, 11:35 PM)
Multiple skills trading in stocks, Forex, commodities, option ..etc..etc  How to FOCUS and gain good ROI ?

1. Dividends(some qrtrly/half yearly) payout will be bank-in into broker trading trust account in that country currency value..
In the future, if u buy share, it will deduct the purchase from the trust trading account.. If the trust trading acct is insufficient $$,
you cannot buy shares(cost) more than your trading account .. You wire transfer (TT) into the trust trading acct. In forex, use leverage ratio.

2. Depending on the user-friendly function of the platform, cost/fees charge, alert/notification/timer by email, smartphone apps,
    investors breaking news/recommendation/guide/advice given .. MANY ppls want cheapest cost/fees like TRADE KING usd 4.95 per transaction, right.
     For me, i like great alert/notification/timer when the stock  icon_rolleyes.gif reaches/touch certain overbought/overvalue/margin of safety .. For investor, cost fee is not the important matter, as investor seek for long-term holding..Hardly use many put/call (for trader ) and occurred many transaction fees..

Are you a good patience person and got the ability to have long-term holding power? What USA stocks are in your /colleague's mind now that you want to share with all forumers here??   e.g
J&J, MCD, KO, LVS, MGM, BAC, BZH, AA, XL, MPEL, LYG, AAPL, KEY, LSI, NOK, TXN ..etc..etc
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So you use only TRADEKING to trade everything from currencies to stocks to commodities?
It's not that, I don't feel comfortable paying a huge upfront fee when I have not made any money. You get the idea? It's like I have not made anything from the stock and I need to pay let's say 33USD for 1 trade. Long term wise, it's not worth it. You waste a lot of money which could have been invested into the stock itself. That's why I plan to use a platform which is cheap and reliable. When I say cheap, it does not mean it charges me 1USD but its platform always crashes, cheap in the sense that value for money. But of course, I want something reliable too.

This post has been edited by Mr Kong: Sep 25 2013, 12:03 AM
Mr Kong
post Sep 25 2013, 11:59 AM

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QUOTE(danmooncake @ Sep 25 2013, 11:39 AM)
You lucky bard... profits and greed are good.  thumbup.gif
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Hi bro. May I know what trading platform u use to trade US stocks?
Mr Kong
post Sep 25 2013, 12:18 PM

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QUOTE(danmooncake @ Sep 25 2013, 12:03 PM)
Hmm.. didn't you get your answers already?  hmm.gif

I use TDA, MBTrade, ScottTradeOption and OptionExpress..

Which one are you using? (my turn to ask).  laugh.gif
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Wah u use so many ah?
I don't know leh. The commission for all these platforms are lower compared to local banks. One forum member from CIMB even PM me his bank(CIMB) can subscribe to rights issue, safer etc etc. One forum member also recommended me TradeKing, but I feel scared leh. But bro, why u use so many platforms? One isn't enough?
Mr Kong
post Sep 25 2013, 12:32 PM

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QUOTE(danmooncake @ Sep 25 2013, 12:25 PM)
I'm an active trader.  I play long and short. Sometime one account long, the other short.  brows.gif
Also, some may offer better tools than others too.
Anyway, guys, tonight, I want everyone to pay attention to the news from Washington and look at the volatility coming out from the market.
Get your cash ready!!  laugh.gif
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But bro, let's say for buy and hold, which platform bagus?
Mr Kong
post Sep 25 2013, 12:49 PM

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QUOTE(danmooncake @ Sep 25 2013, 12:35 PM)
"bagus" is relative. My "bagus" is not the same as yours.
Ask yourself.. what's important to you?

Price? Customer support? Safety? Ease of use? Don't forget, how's your Internet speed like to US backbone?

Go ahead and list out your criterias.. then others can also help and give their experience or preference on their platforms and brokers.
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But bro ah, u no concern meh? You have so much money in these platforms. They could easily close down one day when your money is gone.
Mr Kong
post Sep 25 2013, 01:13 PM

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QUOTE(danmooncake @ Sep 25 2013, 12:53 PM)
No worry. Either the market will collapse and you loose your money first before the brokers take away your money.
Look up and read on SIPC. You will know why.

I can tell you that two of my accounts been there over 10 years. One of them have been taken over by two diff brokers. No issue.  icon_rolleyes.gif
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Price? Customer support? Safety? Ease of use? Don't forget, how's your Internet speed like to US backbone?

Ok. I am more assured now. Since it covers up to 500000USD, i think it's safe since I wont be trading in such a large amount anyway.
So safety aside, my priority is reliability and cost, since I am a buy and hold person. I want to hold stocks for long period of time but once in a while of course if there is anything wrong, I would like to sell off ASAP. But I would like to trade mainly US/UK stocks.

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