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 Investing in US stocks, Does anyone know how?

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dannyooi_84
post Sep 3 2009, 12:47 PM

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QUOTE(danmooncake @ Sep 3 2009, 01:33 AM)
Financials want to bounce back... C and BAC made some moves.

Jumped into FAS for quick buck: 300@67 with trailing stop 0.5 tongue.gif


Added on September 3, 2009, 2:00 am

Opps! Got stop out at 67.30
Only 30cents small profit.    sweat.gif
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@ danmooncake, stock market also got stop loss like forex? lol. I didn't know that. still a newbie

btw, which platform you use for trading US stocks? Can recommend any?
dannyooi_84
post Sep 3 2009, 02:29 PM

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QUOTE(danmooncake @ Sep 3 2009, 01:01 PM)
TD Ameritrade.  biggrin.gif
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Read that you stop loss at 1 point. It seems like you buy fast..sell fast. day trader. Isn't it incurred alot of brokerage fees if you do it everyday. Or you invest big sum, once up. you sell ..and the brokerage fees to you is nothing huh? lol

In NYSE can ride on the bear right?
dannyooi_84
post Sep 15 2009, 10:30 PM

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QUOTE(zamans98 @ Sep 15 2009, 10:09 PM)
holy cow. Just came back from dinner and C -0.21? Duh!

Didn't see the news. Anyway, cannot short C right now, MB trading close the option.
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why they close the option for shorting?

Is it this means there is a higher chance for Citi to go down south right?
dannyooi_84
post Sep 17 2009, 10:00 AM

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QUOTE(danmooncake @ Sep 17 2009, 12:27 AM)
My dip buy of 200 FAS @ 78 yesterday is kicking ass today!!  I'm pulling the stop sell trigger if it drops below $85 to protect profits otherwise I'll let this crazy market ride and see where it can take it.  nod.gif
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200 shares of FAS @ 78.00 ??? that would be like 40-50k already. Woo.

Big shark notworthy.gif
dannyooi_84
post Sep 21 2009, 09:36 PM

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Is there any broker that I can use Paypal to fund? I saw a blog mentioning etradem but was an old post. Can't seem to find any.


Added on September 21, 2009, 9:39 pm
QUOTE(danmooncake @ Sep 21 2009, 09:19 PM)
No shares available.. but shorted FAS 85.
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Good move huh. It is going down... rclxms.gif


Added on September 21, 2009, 9:42 pmDanmooncake, you short FAS at 85.

100 shares also cost a bomb. Not to mention the exchange rate. hmm.


This post has been edited by dannyooi_84: Sep 21 2009, 09:42 PM
dannyooi_84
post Sep 21 2009, 10:13 PM

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QUOTE(danmooncake @ Sep 21 2009, 10:02 PM)
I'm not buying..I' short sell, doesn't cost me thing yet and I don't care about exchange rate.

To me RM1 = 1USD.  Just think like this. Otherwise you can't trade.  nod.gif
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I know you shorted it. You use margin to trade?
dannyooi_84
post Sep 22 2009, 12:07 AM

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QUOTE(zamans98 @ Sep 21 2009, 11:35 PM)
Nice swing for C.

AIG is just too "expensive" for me to get. 100shares already 4,000  shakehead.gif

[attachmentid=1209514]
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Basis is the price you bought?? blush.gif
dannyooi_84
post Sep 23 2009, 02:11 PM

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danmooncake is using TD Ameritrade @ USD9.99 per trade.

I wonder how sogotrade can offer so low hor...hmm. Probably want to have some share of the pie smile.gif

btw, mynewuser, which broker you use?
dannyooi_84
post Sep 25 2009, 03:28 PM

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sifu danmooncake and zamans can help you. I'm still a newbie and learning it step by step.

you can google some stuffs and read it up.

high volatility in US markets, so chances of losing also quite high. rolleyes.gif

This post has been edited by dannyooi_84: Sep 25 2009, 03:28 PM
dannyooi_84
post Sep 25 2009, 05:09 PM

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Read in this forum that the brokerage fees is darn expensive. Preferably to use US broker if you want to trade the US market. I'm sure the sifus can teach you a thing or two.

so far the cheapest us broker will sogotrade, at 4.95 per trade IINM..

I don't have the much spare $$ to open a acct with the US broker. what to do.. smile.gif anyway, i'm playing the US stock game ...
dannyooi_84
post Sep 25 2009, 07:10 PM

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QUOTE(mrPOTATO @ Sep 25 2009, 05:53 PM)
Hmm.. mayb thats why the charges are not on the website. I called them just now. Its -

RM20 per transaction +
a) 0.42%/HK$150 for hk bourse
b) 0.4%/USD$25 for us bourse

shocking.gif

I'm just worried about the technalities & hassles of opening a us account. Somehow it feels safer with everything in malaysia. I dunno ..  maybe i need to do some more reading up. Hey, u said you are not opening US broker a/c but playing the US stock,  how do u do it ?
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I playing a stock market game. not the real deal though brows.gif
dannyooi_84
post Oct 1 2009, 12:26 AM

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hey zamns98, your total transaction will be more than 10k usd right.

i know about the T3 thing, but you can buy so much kah? i mean more than what your acct has.

confuse newbie here rclxub.gif


smile.gif

This post has been edited by dannyooi_84: Oct 1 2009, 12:28 AM
dannyooi_84
post Oct 1 2009, 09:37 AM

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What is your opinion on minimum amount to start trading in NYSE?

USD 5k?
dannyooi_84
post Oct 2 2009, 10:20 AM

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welcome back sifu Danmooncake...

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