I bought URE at 5.85 last night & Q to sell at 6.05. It strike when I am sleep. cool.
Also bought C at 4.60.
Investing in US stocks, Does anyone know how?
Investing in US stocks, Does anyone know how?
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Oct 1 2009, 08:55 AM
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Senior Member
1,139 posts Joined: Nov 2008 |
I bought URE at 5.85 last night & Q to sell at 6.05. It strike when I am sleep. cool.
Also bought C at 4.60. |
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Oct 1 2009, 09:02 AM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(mIssfROGY @ Oct 1 2009, 02:37 AM) Hey thanks for answering. W8 form is standard. I used 1 form for multiple Broker. Downloaded 1 form, fill it in (Acrobat Form format) and signed it. http://www.irs.gov/pub/irs-pdf/fw8ben.pdfOh!! so sogotrade do ask for w8ben form also la? They only ask me to fill in the signature form and gib them my passport photocopy. I am abit confused liao. Coz firsttrade they email me all those forms & stuffz i need to fill in and submit. But with sogotrade, they only emailed me the signature form. Then when i try to look in their website to check on the w8ben form, i cant find it. Or maybe i am not looking hard enuf. Where do they tell you to get the w8ben form? Their customer service sucks...they ask me to ask the tax department coz its not their business to answer me about tax!! i mean come on...they cant even tell me about the w8ben form?!! Omg......abit skeptical liao about using them. This is where i currently am. 1. Open acc, got my username and pwd oredi. 2. They mailed me a Signature form to fill in and ask me to submit the following; supporting documents. · Social Security Card · Proof of Identity -driver license or any government issued ID. (If you are not a U.S. citizen or resident, please submit a copy of your passport). · New Account Signature Form (NAS) so...now i am wondering where to get the w8ben form coz i cant find in their webbie, n its not in the email...is it the step after? I'm not sure why you worry too much about tax. Only time the TAX being charged if you earn the DIVIDEND from your holding Share. I don't care much about the DIV as most of the time, a good share will appreciate in value. Come on, after all, do you buy 10,000 shares of Microsoft, Apple etc? Not all companies will give DIV. Added on October 1, 2009, 9:11 am QUOTE(epalbee3 @ Oct 1 2009, 08:16 AM) like what say, the market is unpreditable. True, any BOURSE in the world is the same, not only US market. Even KLSE can reverse trend in matter of minute. As long as there's no bad news about the company, then its a safe bet. DJIA was -125 and C was 4.51-4.52. When DJIA was -75, C was 4.58-4.62. So, based on that logic, DJIA recovered to -25, C is positive.mid night news is dangerous because we cannot react. C has changed position from -12cents to +14 cents during the mid-night. Not only C, all the rest follow-suit with DJIA movements. So, you should be able to trade next week? Or still hoping for C to drop to $3? QUOTE(GHz @ Oct 1 2009, 08:55 AM) I bought URE at 5.85 last night & Q to sell at 6.05. It strike when I am sleep. cool. Congrats - Mine not yet, URE TP 6.25 UYG TP 6.15 (need to cover comm, damn, it was filled x50 and x100, not the whole x150)Also bought C at 4.60. This post has been edited by zamans98: Oct 1 2009, 09:11 AM Attached File(s)
fw8ben.pdf ( 126.23k )
Number of downloads: 8 |
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Oct 1 2009, 09:37 AM
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Junior Member
312 posts Joined: Jul 2006 |
What is your opinion on minimum amount to start trading in NYSE?
USD 5k? |
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Oct 1 2009, 02:35 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(dannyooi_84 @ Oct 1 2009, 09:37 AM) depends on your strategy, but doable. You can choose either Day Trading or be an Investor (long term, W.Buffet style)Go for short term, buy and sell in small quantity AKA Scalping - but you pay a lot of commission. Can sleep peacefully. Normally use max 1/4 of your capital or 25%. Do not use all your capital, preserve it for other counters. Ex : Long URE @ 6.00 x 200 shares = $1200, sell when hit $6.10 (in 1-2 days max time, sometimes during the day itself) Profit $20 less comm (SOGO $6) so you get net profit $14. Go for Long Term, buy n hold, visit once a week. If lower, re-enter your position. > You can search Internet/ Forums, there's multiple strategies that US traders are using. I cannot determine which one suits you. Every1 have different risk appetite. |
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Oct 1 2009, 04:29 PM
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Senior Member
2,211 posts Joined: Sep 2009 From: Kuala Lumpur |
I had being tradin in the US market for more than 5 years both in equities and options.
I am happy to share information. Please PM me if you need more information. |
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Oct 1 2009, 07:42 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(rosdi1 @ Oct 1 2009, 04:29 PM) I had being tradin in the US market for more than 5 years both in equities and options. Great n fantastic. By the way, appreciate if you can share some important ideas. PM will hinder a healthy discussion.I am happy to share information. Please PM me if you need more information. Like TAXATION issue raised by some. DIVIDEND etc. or your STRATEGY. Last 5 years is very interesting. Come' on.. |
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Oct 1 2009, 08:39 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
QUOTE(zamans98 @ Oct 1 2009, 09:02 AM) W8 form is standard. I used 1 form for multiple Broker. Downloaded 1 form, fill it in (Acrobat Form format) and signed it. http://www.irs.gov/pub/irs-pdf/fw8ben.pdf Placing order to buy 110 C today @ 4.72.I'm not sure why you worry too much about tax. Only time the TAX being charged if you earn the DIVIDEND from your holding Share. I don't care much about the DIV as most of the time, a good share will appreciate in value. Come on, after all, do you buy 10,000 shares of Microsoft, Apple etc? Not all companies will give DIV. Added on October 1, 2009, 9:11 am True, any BOURSE in the world is the same, not only US market. Even KLSE can reverse trend in matter of minute. As long as there's no bad news about the company, then its a safe bet. DJIA was -125 and C was 4.51-4.52. When DJIA was -75, C was 4.58-4.62. So, based on that logic, DJIA recovered to -25, C is positive. Not only C, all the rest follow-suit with DJIA movements. So, you should be able to trade next week? Or still hoping for C to drop to $3? Congrats - Mine not yet, URE TP 6.25 UYG TP 6.15 (need to cover comm, damn, it was filled x50 and x100, not the whole x150) Will it be too high? I think it will still have rooms. Added on October 1, 2009, 8:45 pm QUOTE(epalbee3 @ Oct 1 2009, 08:39 PM) Replacing order to buy 110 @ 4.65Added on October 1, 2009, 8:53 pm QUOTE(epalbee3 @ Oct 1 2009, 08:39 PM) Placing order to buy 110 C today @ 4.72. oh no.. the price roses to 4.80 already..Will it be too high? I think it will still have rooms. Added on October 1, 2009, 8:45 pm Replacing order to buy 110 @ 4.65 seems like have to make the order when the market open.. This post has been edited by epalbee3: Oct 1 2009, 08:53 PM |
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Oct 1 2009, 09:02 PM
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Senior Member
1,139 posts Joined: Nov 2008 |
QUOTE(epalbee3 @ Oct 1 2009, 08:39 PM) Placing order to buy 110 C today @ 4.72. If want to buy now, maybe I suggest you to buy small position. From yesterday chart, price spike during the last few minutes before market close. It may go down but I could be wrong.Will it be too high? I think it will still have rooms. Added on October 1, 2009, 8:45 pm Replacing order to buy 110 @ 4.65 Added on October 1, 2009, 8:53 pm oh no.. the price roses to 4.80 already.. seems like have to make the order when the market open.. Anyway I gonna throw mine if price >4.80 |
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Oct 1 2009, 09:17 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
QUOTE(GHz @ Oct 1 2009, 09:02 PM) If want to buy now, maybe I suggest you to buy small position. From yesterday chart, price spike during the last few minutes before market close. It may go down but I could be wrong. GHz staying awake? Thanks advising.Anyway I gonna throw mine if price >4.80 My order price @ 4.65 for 110 shares. Will see how when market opens. |
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Oct 1 2009, 09:19 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(epalbee3 @ Oct 1 2009, 08:39 PM) Placing order to buy 110 C today @ 4.72. SOLD C @ Pre-Market x500 @ 4.80 Will it be too high? I think it will still have rooms. Added on October 1, 2009, 8:45 pm Replacing order to buy 110 @ 4.65 Added on October 1, 2009, 8:53 pm oh no.. the price roses to 4.80 already.. seems like have to make the order when the market open.. |
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Oct 1 2009, 09:23 PM
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Senior Member
1,139 posts Joined: Nov 2008 |
QUOTE(epalbee3 @ Oct 1 2009, 09:17 PM) GHz staying awake? Thanks advising. Yeah, still early here buddy. Get ready to trade. My order price @ 4.65 for 110 shares. Will see how when market opens. QUOTE(zamans98 @ Oct 1 2009, 09:19 PM) Wah so fast, I may throw mine as soon market open. |
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Oct 1 2009, 09:28 PM
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Junior Member
20 posts Joined: Feb 2008 |
has anyone tried www.thinkorswim.com to trade before?
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Oct 1 2009, 09:29 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
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Oct 1 2009, 09:31 PM
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Junior Member
20 posts Joined: Feb 2008 |
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Oct 1 2009, 09:31 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
Sold earlier. Anticipate bad opening and low pricing up to 10pm
![]() LONG 4.60 SOLD 4.80 |
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Oct 1 2009, 10:57 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
pull out..
wait and see.. Added on October 1, 2009, 11:12 pmC has dropped to 4.60. Still haven't bought. my remisier said the bearish will for long time.. This post has been edited by epalbee3: Oct 1 2009, 11:12 PM |
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Oct 1 2009, 11:24 PM
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Senior Member
2,155 posts Joined: May 2005 |
QUOTE(zamans98 @ Oct 1 2009, 09:02 AM) W8 form is standard. I used 1 form for multiple Broker. Downloaded 1 form, fill it in (Acrobat Form format) and signed it. http://www.irs.gov/pub/irs-pdf/fw8ben.pdf Hi Thanks for the info. Abit worried when they didnt ask me about it.I'm not sure why you worry too much about tax. Only time the TAX being charged if you earn the DIVIDEND from your holding Share. I don't care much about the DIV as most of the time, a good share will appreciate in value. Come on, after all, do you buy 10,000 shares of Microsoft, Apple etc? Not all companies will give DIV. yea...abit worry about tax...i duwan to be caught in a mess later for not declaring any |
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Oct 1 2009, 11:34 PM
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Senior Member
534 posts Joined: Dec 2006 |
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Oct 2 2009, 12:11 AM
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Junior Member
20 posts Joined: Feb 2008 |
any advice on opening a margin account and day trading?
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Oct 2 2009, 12:22 AM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(epalbee3 @ Oct 1 2009, 10:57 PM) pull out.. your remisier? means through local bank. Anyway - just my comments. Read the Expert Analyst- can be found on many popular website and judge yourself.wait and see.. Added on October 1, 2009, 11:12 pmC has dropped to 4.60. Still haven't bought. my remisier said the bearish will for long time.. See who is correct, your remisier or thousand of analyst who born, breed in US. LONG 460 x500. TP 480 |
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