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 USA Stock Discussion v6, Midterm Elections! U.S. Jobs Report!

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talexeh
post Dec 22 2014, 11:43 PM

One man's meat is another man's poison.
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QUOTE(teehk_tee @ Dec 22 2014, 11:36 PM)
Looks like the saudis are bent on scorched earth with their commentary, crude down to 55.6x again
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Good thing I resisted from throwing anything into UWTI. Gonna just stick with DWTI & hope that crude continues to drop.
talexeh
post Dec 23 2014, 08:19 AM

One man's meat is another man's poison.
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QUOTE(teehk_tee @ Dec 23 2014, 01:13 AM)
yeah.. local brokers tend to charge round this range. but if you switch onto those US discount brokers like IB.. way cheaper.
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But IB requires minimum of USD $10K to open an account, right? shocking.gif
talexeh
post Jan 6 2015, 02:44 PM

One man's meat is another man's poison.
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Anyone used TradeMonster online brokerage before? I've tried searching for related topic here but found nothing hence would like to beg for a few 2 cents before I sign up with them.

This post has been edited by talexeh: Jan 6 2015, 02:47 PM
talexeh
post Jan 6 2015, 11:20 PM

One man's meat is another man's poison.
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First experience with HLeBroking's foreign exchange platform went down the drain. sad.gif

It keeps giving me silly reason that it's unable to process my order due to sector suspended. Called the toll free & his first attempt failed until he changed to "another system". I don't really enjoy calling the broker every time I want to place an order but I'm not sure if this issue is unique only to HLeBroking or other local brokerages as well.
talexeh
post Jan 7 2015, 12:10 AM

One man's meat is another man's poison.
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QUOTE(AVFAN @ Jan 6 2015, 11:48 PM)
i can say cimb's itrade is ok. had been using it for sgx and nyse. all is good.
haven't used the others - thailand, indon and hongkong.
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Can I know what platform CIMB iTrade use for foreign exchange? HLeBroking uses IRESS.

I'll see if my broker can give me an explanation on how to prevent this issue from occurring again or else I'll have to switch to either iTrade, OSK or foreign online brokerages.
talexeh
post Jan 7 2015, 12:32 AM

One man's meat is another man's poison.
*******
Senior Member
3,090 posts

Joined: Dec 2007



QUOTE(AVFAN @ Jan 7 2015, 12:22 AM)
i hv no idea what system or which developer did it...

not perfect but works fine most of the time. not complaining.

can use on pc or ipad, can do e-ipo, foreign bourses, can transfer money between trading and bank acc,.... i find it good enough.
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Thanks for the feedback. I'll make it a point to check for their commission / fees during my lunch hour.

QUOTE(Brother J @ Jan 7 2015, 12:22 AM)
When it involves real life hard-earned money, you just need to switch without giving second chance.
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Well, this is my first experience with foreign exchange & maybe there was some hiccups during my registration or what not. I'll try to call my broker & see if he can offer a reasonable explanation for what I'm experiencing. If it's not convincing then yea, time to have a thought about switching.
talexeh
post Jan 7 2015, 11:07 AM

One man's meat is another man's poison.
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QUOTE(mikehwy @ Jan 7 2015, 01:26 AM)
I am using this for a while.
initially i could not even log in!
but now its fast, user friendly and can buy-sell easily.
except the brokerage is dead high, at a total of almost 1% 2 ways. Platform wise it is ok.
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Just received a call from HLeBroking agent to explain my predicament. Apparently the share that I queued (an ETF called DWTI) for is some kind of "archive share" & they'll have to engage with their platform partner to add it in. sweat.gif
talexeh
post Jan 7 2015, 11:33 AM

One man's meat is another man's poison.
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QUOTE(mikehwy @ Jan 7 2015, 11:25 AM)
'archieve share'? new to me. maybe they dont have such a complete portfolio for trading? strange!
i have no probs in using the platform atm.
but the brokerage is dead high!!!
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When you mention dead high, do you refer to the brokerage fees?

QUOTE(wongmunkeong @ Jan 7 2015, 11:27 AM)
ETFs? from ARCA exchange?
yeah - HLeB has to call over to IRIS partner to add. pain experienced before.

other than that, ok lar generally pain-free other than cost if U use it as a trading platform (instead of retirement accumulation / investment platform)  sweat.gif
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Now that you mention it, you're most probably right. I just noticed the term ARC in the exchange column.

Are you saying that each time I want to trade counters involved with ARCA exchange, I'll be encountering similar problem again? Oh my.

Yea, the cost involved is quite high. What platform do you usually trade on apart from HLeB?

This post has been edited by talexeh: Jan 7 2015, 11:44 AM
talexeh
post Jan 7 2015, 02:05 PM

One man's meat is another man's poison.
*******
Senior Member
3,090 posts

Joined: Dec 2007



QUOTE(AVFAN @ Jan 7 2015, 01:29 PM)
ah... this arca thingy...

was told by cimb that they had to do the same thing before but starting early last year, it was incorporated into main itrade platform. so now, can just buy n sell like any other. no pain! biggrin.gif

and yes, agree the cost of trading is too high, can't do. investment, ok.
*
What do you use or suggest for trading purpose? Foreign online platform? Any recommendation in particular?
talexeh
post Jan 7 2015, 02:08 PM

One man's meat is another man's poison.
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QUOTE(wongmunkeong @ Jan 7 2015, 01:22 PM)
OptionsXpress for trading though i may need to lower my capital usage until i can verify properly a fellow forumer's posting on "Death/Estate taxes on US assets by aliens" - anything above USD60K may be taxed 45%+/-. IRS via email was no help. OX.. er.. no help either.

Looking for US Death/Estate tax experts in Malaysia is a pain for such a small ciku like me  cry.gif
Anyone can clarify?

Was planning to do investing in ETFs via OX as well due to the pains of ARCA via HLeB.
Yes - EVERY DANG NEW ARCA - call in first (that was what i was told).

My third option - waiting for a response from my Financial Planner - she said Kenanga or something has systems to ARCA online platform.
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Not sure how but I somehow missed your post.

If you don't mind, do share me any news that you have on your end on Kenanga. Currently contemplating moving out to TradeMonster if things are so complicated locally.
talexeh
post Jan 7 2015, 10:49 PM

One man's meat is another man's poison.
*******
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QUOTE(danmooncake @ Jan 7 2015, 10:04 PM)
Waah.. DWTI is 3x leverage BEAR share of Oil.  brows.gif

It's ETN... not ETF - be careful  sweat.gif
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To be honest, I've looked through both terms in Investopedia & I still can't really see how they're different from each another. sweat.gif
talexeh
post Jan 7 2015, 11:14 PM

One man's meat is another man's poison.
*******
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Joined: Dec 2007



QUOTE(danmooncake @ Jan 7 2015, 11:04 PM)
In implementation, some ETN tracking are way off.. especially velocity shares.
So, use it as it is. Just a trading vehicle and short term hold. Take profits when you get the chance.
Don't treat this as investment.  nod.gif
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Aye aye cap'n. notworthy.gif

Was thinking of going the other way but I'll heed your advice. Currently observing how it's going since yesterday was my first day in DWTI.
talexeh
post Jan 8 2015, 11:07 AM

One man's meat is another man's poison.
*******
Senior Member
3,090 posts

Joined: Dec 2007



QUOTE(AVFAN @ Jan 8 2015, 11:05 AM)
oil seems to have found a floor at usd48-49 for now.
*
Personally, I doubt that the floor is stable enough. Again, it's just me & my ramblings.

This post has been edited by talexeh: Jan 8 2015, 11:08 AM
talexeh
post Jan 8 2015, 04:28 PM

One man's meat is another man's poison.
*******
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3,090 posts

Joined: Dec 2007



QUOTE(wongmunkeong @ Jan 7 2015, 01:22 PM)
OptionsXpress for trading though i may need to lower my capital usage until i can verify properly a fellow forumer's posting on "Death/Estate taxes on US assets by aliens" - anything above USD60K may be taxed 45%+/-. IRS via email was no help. OX.. er.. no help either.

Looking for US Death/Estate tax experts in Malaysia is a pain for such a small ciku like me  cry.gif
Anyone can clarify?

Was planning to do investing in ETFs via OX as well due to the pains of ARCA via HLeB.
Yes - EVERY DANG NEW ARCA - call in first (that was what i was told).

My third option - waiting for a response from my Financial Planner - she said Kenanga or something has systems to ARCA online platform.
*
Just to update you that HLeB called again & told me that their vendor is not able to add certain ARCA stocks into their platform so I've no other option other than to give their foreign trading deskline a call whenever I wanna make transaction, which in itself incurs offline rate. Boo.
talexeh
post Jan 8 2015, 04:30 PM

One man's meat is another man's poison.
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QUOTE(kimyee73 @ Jan 8 2015, 04:26 PM)
Foreign discount/online broker. There are many out there. More popular one are Interactive Broker, OptionXpress, TDAmeritrade. I personally use TDA although the commission is not the lowest.
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Thanks for the feedback. I'll be proceeding with opening an account at TradeMonster in these few days.
talexeh
post Jan 8 2015, 05:27 PM

One man's meat is another man's poison.
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QUOTE(kimyee73 @ Jan 8 2015, 04:43 PM)
BTW, why TradeMonster and not others?
*
TradeMonster comission is USD 4.95 per trade.
IB requires minimum deposit of USD 10K.
TD Ameritrade commission is USD 9.99, double of TradeMonster's.
E*Trade is the same as TD.
talexeh
post Jan 9 2015, 03:40 PM

One man's meat is another man's poison.
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Senior Member
3,090 posts

Joined: Dec 2007



QUOTE(kimyee73 @ Jan 9 2015, 03:30 PM)
These are published commission. If your volume is high, you can request for special rate. My stock rate is USD5 per trade and option is USD1.25 per contract. The bigger the volume, the better rate you can get. Brother J were offered around USD1 per option contract due to his very high volume. Anyway, TradeMonster probably has special rate for volume customer as well. Good to go then. I like ThinkOrSwim (TOS) trading platform on TDA very much that I'm staying put although IB is cheaper.
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Thanks for the info. I'll have to get myself familiarized with these offshore brokerages first before I can commit to bigger deposit. While local brokerages are expensive, at least they're within my reach. biggrin.gif
talexeh
post Jan 9 2015, 05:31 PM

One man's meat is another man's poison.
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QUOTE(AVFAN @ Jan 9 2015, 03:59 PM)
what magnitude of deposit for trademonster? how much leverage can u get from it?

i do want to explore this for trading later. esp seeing how volatile us equities can be! tongue.gif
about local ib's, they arent too bad overall. i like the fact that i can see all my holdings, trades, balances, diff currencies on 1 page; can move around the funds incl parked dividends easily albeit going thru rm each time (so, gotta do only when favorable); total holdings all currencies used to leverage at any bourse. only thing it is surely too expensive to trade foreign stocks frequently.

until i get into something like you, i will stick to bursa for fast n furious trading. tongue.gif quite ok as i get 0.21% for my trades t+3.
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No minimum deposit required for TradeMonster. About leverage, I'm afraid I didn't check much about it since I usually trade with what I have. biggrin.gif
talexeh
post Jan 9 2015, 05:56 PM

One man's meat is another man's poison.
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QUOTE(AVFAN @ Jan 9 2015, 05:54 PM)
u mean u trade 1:1? deposit usd10k, trade 88 aapl shares?

if so, cost of capital is a consideration...
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I'm not that confident with my analysis hence I'm in no position to play T+3. sweat.gif
talexeh
post Jan 10 2015, 04:28 PM

One man's meat is another man's poison.
*******
Senior Member
3,090 posts

Joined: Dec 2007



QUOTE(AVFAN @ Jan 9 2015, 05:54 PM)
u mean u trade 1:1? deposit usd10k, trade 88 aapl shares?

if so, cost of capital is a consideration...
*
Hmm... if my memory serves me right, you did mention that you're not the aggressive & usually buy equities & let it mature long term.

If you're not trading 1:1, how do you settle T+3?

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