i believe they allow, but not entirely sure. Because I already have a FOREX account with them.




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I'm trading options here. Just pick your favourite stocks and trade calendar spread options.
Less risk and importantly, is using small capital to trade big stocks. Small knife cut big tree
(Note: options trading involved high risks)

OptionsXpress also provide pre-market quote.
And you can trade during after-market and pre-market hour.

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Added on August 28, 2009, 10:25 pmNice selection of stock watch there..hehe.
Especially LVS..kinda tempting to look into its option chains.

This post has been edited by dreams_achiever: Aug 28 2009, 10:25 PM

i dun wat broker firm are u using but i with OSK need to open a foreign currency trust account... no charge... just sign

buy in MY currency prior to the day exchange rate but sell in SG currency...

I won't recommend Options Trading for newbie. It is very risky and can self-implode or explode.

thanks for the advice.

It been 8days the US market keep going up.

do you expect correction soon?

Scratch out 5 days.. because this week is a wash.. we ended up where we started.
Next week.. September!

DMC, based on your remarks above -> seem very suspicious and i decide to check on it
Here is what i found out:

After putting yesterday’s The Best and Worst Months for the S&P 500 Index (1926 – 2007) post together, I decided to take a closer look at the month of September. Here’s what I found out.
It’s typically a bad month for stocks – or at least the S&P 500 Index. Take a look at the following graphic which looks at September’s return from 1926 – 2006:
http://allfinancialmatters.com/2007/09/06/...nth-for-stocks/

And i've shorted ..hehe

Puts options in place?

Yeah, the bulls getting tired and weary. All we need is some bad news around the corner (which is slowly already building with warning signs but market been ignoring) and this could roll over.

I really don't know. I m just a beginner. Yesterday my sifu said it is up trend and buy what you can and lock it up. I m in for long.

When the institutional traders return next week from holidays, they'll look at all the bad news and will probably start off the sell off.

Yup. Has placed my put options.
Dow has been extremely OB and congesting over OB area. Sooner or later it will drop to OS region before resuming uptrend.
So prepared for roller coaster ride in September.
Market will celebrate Lehman Brother's bankruptcy anniversary by plunging down

This post has been edited by dreams_achiever: Aug 29 2009, 08:15 PM

hope anyone can help me understand this...i am new to stock market...many stock have after-hour quote,so when we buy or sell according to it or depends o within hours??also about the bid and ask price,lets say the bid price is 13,the ask price is 14,so if i wan to buy,what figure should i put in the order?if i wan to sell what is the price i should put?what is the use of bidxask size?i also feel that the real time quote is not the same with my online broker and google finance,although it is not vary much.which one to use?..

Ha! Lehman bankruptcy celebration.. revisiting another 20% plunge..
Oh well. I'll be happy to see 1/2 of that pull back because of this over eating by Dow.

Dow has been trying hit against 9600 multiple times, every time it touched or crossed over a bit, people sell.
Same for S&P hitting the ceiling at 1030 and Oil @ 75 max.

Everybody on the street agreed that Dow already overbought by 10%-15%.

A lot of those Q2 earnings aren't from consumer demands but from inventory reduction and government spending. Consumers demand remains very weak and govt spending will subside, resulting no more growth.

By end of September, we should see if some companies would issue early "warnings" or revised earning projection.
If "warnings" come early, definitely people will sell off early.

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Added on August 29, 2009, 11:38 pmAfter hours trading can be quirky at best.. and doesn't reflect real-demand supply. Bid is the buyer price, Ask is the seller price. If they match, then the order is executed. You can trade after hours (or premarket) if your broker allows it no guarantee on execution. If you want to sell, you can put the price that you are willing match the buyer price or you can put higher and see if there are willing buyers to match your selling price before extended hours end. Always use limit orders. Always use your online broker for real time quotes. AFAIK, both Google and Yahoo only display execution price, not the bid/ask.

This post has been edited by danmooncake: Aug 29 2009, 11:38 PM

I see my sifu report. There is alot of positive sign of recovery. Maybe some mini correction.

20% abit too much. I'm targeting 6-8% also enough already.
I believe 8800 - 9000 range is strong support. Every one will buy because economy is recovering.
Overall i'm still bull. It's just that market need to have healthy trend by correcting itself before resuming uptrend.
Everytime DOW reach new high, there will be seller on top of it pushing it downwards. So the bull don't have much momentum left to continue the uptrend.

Today news: U.S. Regulators Shut Down Three Failing Banks, Pushing 2009 Total to 84
http://www.bloomberg.com/apps/news?pid=206...id=aSdMMGzkt1do
Seem every weekend there is some banks closed by US regulators. Economy is not fully recover yet.

kelynn0713: US market are quite volatile compared to KLSE. I advise better to trade in KLSE first before moving to US market.
Get familiar with trading stocks in KLSE. The movement is slow yet stable. It will be good starting point for newbie

Definitely.. more and more banks are going under. There are already prediction next year.. 200+ more to collapse.
US FDIC already run out of insurance money. This is going to be nasty.

wa lao..200++. Won't it be too exaggerated? lolz.
Lets hope on Monday, Dow will collapse and I will collect profits from shorts..hehe

[quote=dreams_achiever,Aug 28 2009, 10:24 PM]
I'm trading options here. Just pick your favourite stocks and trade calendar spread options.
Less risk and importantly, is using small capital to trade big stocks. Small knife cut big tree
(Note: options trading involved high risks)
OptionsXpress also provide pre-market quote.
And you can trade during after-market and pre-market hour.

Hello,

about your options trading. what are the tools (TA) that you are using ? i am now learning the put and call, but i am still uncertain about the TA to use. for example, the trainer needs us to complete the exercise berfore going in, and the 9 TAs include - BB, MACD, SMA, EMA, PAR SAR, OS, etc etc, and after this, i have to fill in a technical form that includes - Target Price, Entry Price, Stop Loss, Profit/Loss, Intrinsic Value ...

may i know what tools you use? thanks pal.

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Added on August 30, 2009, 11:55 amAnother question i wish to ask please: -

i am opening an account for options trading, but it seems that the Op.....xpress needs my passport but mine has long expired. any solutions or other reliable companies that i can open an account for US trades?

thank you.


This post has been edited by mikehwy: Aug 30 2009, 11:55 AM