This is the utterly no basis. How the heck you come out with the basis of 25K?
Some of LYN member have less than 3K and making GOOD return.
The best method in US market is to use TRAILING STOP. Enough said.

How the heck you come out with the basis of 25K? (this is the part that I dun think you're even close to correct)

Some of LYN member have less than 3K and making GOOD return.

The rest of the statement is quite true, but thing can turn upside down. AIG was good companies, hell even EPF bought some at 3 digits pricing.

The best method in US market is to use TRAILING STOP. Enough said.

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Added on September 26, 2009, 12:46 amguys , please do not FIGHT over small matter on what broker to use.

Use your common sense.

If you DON"T DO DAY TRADING> can use your MALAYSIA broker. Since you will buy n HOLD for LONG LONG LONG TERM. Duh, what is RM40 for charges if you can make RM4000?

If you wanna trade once in a while, then go for US Broker.

Again, back to Malaysian CROSS Border trade. Please answer this question: WHat US broker they use? THen ask back the question, is the broker safe? Remember your US/UK/HK/SPORE non-Malaysian securities (shares) are not covered by BURSA act.

THen what SECURITY you all talking about? Will the BROKER refund you if anything happen? NO.
Did you actually read the terms n condition for cross border trade?

Please go n dig some info. While you all are busy digging, I'm trading

I have just known that Sogotrade does not allow check withdrawal for non-US citizen, you can only use wire transfer which costs USD50 once.

So if you want to play with Sogotrade, your fund must stay longer..

Or else try get yourself an US-bank account. You can do ACH transfer for free between broker & bank account.

sorry for the incomplete info, i should write it as "adviced".   25k is for pattern daytrading PDT accounts, such as in mbtrading, specially for day-traders. IMO, 3k is enough as capital to trade, only with LOW commission, such as US brokers mentioned in previous posts. with larger capital, traders could split their trades into few counters/ industry or different ETF (diversify risk), and as "extra bullet" when want to averaging down certain positions.

p/s: zaman98 is an expert in trading. should learn from him.   

Good read. U sent that message across like a football field 

Firstly security, I for one uses Cross Border because at least they are governed by the Malaysia Security Commission. When we trade in BIG quantities, security is the main concern. 

Secondly price, if u are gambling with money u cant afford to lose and commission that are too expensive for u to pay, then please play some simulation first. Reason? The US market is recovering sooner or later, if things go awry, at least u can afford to go REALLY LONG! In the end profit is almost inevitable given you made the right purchases. Heck even danmooncake doesn't use the cheapest US broker service and he flies there to collect his payout. Its all up to the individual, but one thing's for sure, if u are too CHEAP, prepare to pay the price.

Thirdly the hole, it may come in useful when its time to bury your investment or yourself 

- like me, so far I dun touch cheap stocks (Penny stocks like SIRI for example). Buying a good company can save you in long run. Example : GE, INTC, MSFT,YHOO.

That's crap. FNM/FRE wasn't up 300% since last week.
Both of these will go to ZERO soon.
Just like GM, it will go to ZERO.
Just as a side note, just to share with some of you who are 'playing' US stocks, 

e asks me why not trade in local Bursa.. Bur who? hehe.. who cares about that. 

Cheap stock can give u good return (capital + dividend)
e.g.: CEP, HTE

Sifu2, i pour sifu tea & kowtow here. Sifu... summarising your reasoning to my situation :

1. US bourse starts at midnight, so being a working fella i don't think i will stay up till morning, that means i should use local broker.
2. Also, since i don't daytrade, the higher charges shouldn't matter & so i ought to use local broker.
3. Cimb has brokerages in s'pore/hk/london but not usa, so it gives me some sense of safety as its a listed company & there is someone i can hold liable. Anyway i have not read the printout form where i have to sign to activate it. Will read it.
4. Cimb can 'play' stocks in singapore/hk/usa, so many choices.
5. I want to go into nyse soon because it in a dip now, so i just need to hop over to cimb office & can use it in3 days.

Everything (so far) tells me i should use local broker in my case. You mentioned 'long term', if i monitor my shares daily & could possibly buy/sell in 1 week time frame, is it still ok for me to use local broker ?

Thank you sifu for reading my long post.  I would really appreciate your insight in this matter.

Everything (so far) tells me i should use local broker in my case. You mentioned 'long term', if i monitor my shares daily & could possibly buy/sell in 1 week time frame, is it still ok for me to use local broker ?

sorry for the incomplete info, i should write it as "adviced".   25k is for pattern daytrading PDT accounts, such as in mbtrading, specially for day-traders. IMO, 3k is enough as capital to trade, only with LOW commission, such as US brokers mentioned in previous posts. with larger capital, traders could split their trades into few counters/ industry or different ETF (diversify risk), and as "extra bullet" when want to averaging down certain positions.

p/s: zaman98 is an expert in trading. should learn from him.   

i heard you have direct CDS account with HLebroking.
But I asked my remisier and he said HLebroking only has nominee account.
or you need to go to HL investment bank?

Where to open US-Bank account in MY? HK bank can open US-bank account if you are their premium customer. (MIN 200k deposit).

Read this post on how to open, BTW I have not try it. The post owner said he made it.

I open myself while visiting US last June not through this method

http://forum.lowyat.net/index.php?showtopi...post&p=26223583

I m thinking to open one also. Thanks for your info. Seems like not so difficult to open a US bank account from here but need some leg walk.

How about if I ask some relative to mail the form to me here and submit back to them via mail to open an acc? And using my relative US address? Is this possible without going to US?

Read this post on how to open, BTW I have not try it. The post owner said he made it.

I open myself while visiting US last June not through this method

http://forum.lowyat.net/index.php?showtopi...post&p=26223583