IMHO, so far i heard Interbank offering low commission fees but need at least USD10K to open account with them.
For optionsXpress, its reliable broker and there is no minimum amount to open account with them but the fees are quite high.
For small traders like me, i open account with OptionsXpress

I m small trader also. Is it justify to use optionsXpress ?

FNM/FRE up 300-400% last week

Its your decision to make. Maybe you do your survey first before make decision
Or try use OptionsXpress demo trading to get familiar with their trading tools.

Haha..u traded it?
This shares highly speculated and some more under government nationalization plan.
But i think its growth will be limited unless government take hand off it. Let private company take over of it

Has anyone already had the experience with it?

aig up 800% from it low.
optioexpress, stable but a bit ex
try etrade, ameritrade

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Added on April 4, 2009, 12:38 amsogotrade.com cheap, not so reliable.
zecco.com,
etrade.com
ameritrade.com

This post has been edited by normanTE: Apr 4 2009, 12:38 AM

It is too many choice and I ve difficult to understand thier charge, fee and commission. Just recommend one and I straight away open the acc. Small trader and inactive. Thanks

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Added on April 4, 2009, 2:46 amSince I m small trader, after minus all the high fee, not much left. BUt if it justify, I will follow your advise. (Since you are small trader also) I ve problem to understand all this fee charge. I don't no which fee charge which one.

This post has been edited by ozak: Apr 4 2009, 02:46 AM

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,

I've been in and out of commodities like gold, copper and oil for the past two months..
It's been highly speculative..and it has been a profitable ride as well.

Sold some GLD AT $95.. now..with the pullback, time to buy back some because we all know inflation is going to be higher
with trillions of US dollars being printed.

Bought some copper (FCX), man I love this one.. this thing is going to rocket even
higher when economy is full force and when China is buying up even more cooper for infrastructure building.

Bought and sold some USO.. oil futures play.. made some there.. OPEC is driving prices higher,
can't fight them.

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

This post has been edited by danmooncake: Apr 4 2009, 07:52 AM

Wow, thats quite alot of brokers out there.
I checked some of brokers which are quite cheap of fees such as:
etrade.com = $6.99 plus $0.75(per contract)
ameritrade.com = $9.99 + $0.75 per contract

Seem etrade.com cheaper than Optionxpress where it charge USD1.5 percontract but without upfront fees.
Minimum USD14.95.
About AIG up 800%, i beg to differ. From lowest USD0.35 to USD1.62 since early March (462%)
But i dislike AIG, its future are very unclear and may face nationalization soon.
Better look for stable companies such as JPM, GS -> for those ppl like to trade US financial shares

Nice investment there. Is is some sort of ETFs shares? Anyway, commodities stocks, ETFs & options are the best trade against the inflation.
I will try to learn more to it since i just new to this US market. For now, just aiming for US financial shares. More volatility.

True, what BURSA? it slow like snail. Less volume, less volatility, and sometime having trading suspension due to technical glitch.
Better trade in NYSE. More choices of selection

Finally done all the steps to setup the US stock account, use TT to transfer

CIMB charges:
service Rm30 + USD15 (dunno which intermediate bank )

RM30? RM5 more expensive if compare to RHB Bank wire transfer charges.
Even commission fees of trading stocks using their terminal also expensive.
If not mistaken last time it was around 0.44% brokerage fees compare to RHBInvest of just 0.42% only.
No wonder CIMB can earn alot there..

Thank You and to the rest too.

Outlook for next week US market:

I think we should continue to see mini rally extending upwards next week eventho it is a 4 days only trading session. Here's why - wednesday, Feds will meet to discuss more detail on implementing the uptick rule, bad for shorts, good for longs, that's means more money coming into the market.

Eventho US unemployment has surged, that's seems to be already discounted and a rear-view mirror.

Looking ahead, the US recession has slowed down (but not out yet), credit market is thawing, some banks are reportedly wanting to give the TAFT money back to US govt and Tech stocks seems to be leading the pack. S&P500 racing ahead towards 850, DJ going towards 8200. The REIT has not bottom yet but excess inventory is slowly moving out. The G20 summit meetings have instill good confidences in market all over the world this week.

Good time to place your bets on long for now.

What to watch out for:
The N.Koreans wanting to test their missile err.. ahem comm. satellite rocket
over Japan, - imo, that could trigger unsavory responses from US and its allies, and can spook the regional markets.

Feel free to share your thoughts.

This post has been edited by danmooncake: Apr 4 2009, 11:13 PM

Thanks for the outlook.
From TA chart, the MACD histogram bar become smaller. RSI + Stoch nearly overbought.
I think bull gonna end soon. Time to long put options and reap the downward profits.
Strong resistance near 8.3K - 8.4K

This post has been edited by dreams_achiever: Apr 5 2009, 12:23 PM


Attached thumbnail(s)

ermm.... how to buy put option? must enable option account?

If you open your account with OptionxPress, by default it allowed you to trade options (call or put) already.
No need to submit any approval. Besides, it allow you to trade stocks, options and futures.

This post has been edited by dreams_achiever: Apr 6 2009, 08:32 PM

It seems that we have a bit of pullback tonight.
Opportunities for longs to get some in.

Yup..preferably pullback till 7.5K (at least 3 black candlebars to make it achieveable)
Then will long kao kao.
Anyway, Alcoa 1st quarter result tommorrow will determine whether it is pullback or further south.