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Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
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10-27-2011, 01:11 PM
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#5801 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
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no matter what happens tomorrow, i'll be disappointed - today just gave me so much euphoria and joy, even another 1% up in the indexes won't appease me after a day like today!
but still, what a day! hopefully some bigger money starts to come back in, now that ppl have realized that things were oversold heavily
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10-27-2011, 01:18 PM
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#5802 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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Originally Posted by lime56  i would put a stop at 32ish...
why so low?
dont want to get premature stopped out since it moves like the dickens
this is/was the one option play i'd like to try... but dang  | You should have some huge tolerance for risk/movements if you're gonna play options on FAS/FAZ. You're playing a derivative of a derivative of a derivative. Way more leveraged than the 3x it already is = have to constantly watch bid/ask Posted via RS Mobile | |
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10-27-2011, 02:06 PM
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#5803 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
Failed 359 Times in 46 Posts
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lvs. dang. y u no pop?!?!?!?!? Posted via RS Mobile | |
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10-28-2011, 09:10 AM
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#5804 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
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Not sure if I should sell goldcorp. Bought 200 shares at average price of 45.47 last week, now 49.4
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10-28-2011, 09:44 AM
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#5805 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
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Originally Posted by lime56 lvs. dang. y u no pop?!?!?!?!? Posted via RS Mobile | Popped this morning. Did you sell?
Jermyzy - Yeah I would sell it. Money's money. Or at least have some higher stop losses.
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10-28-2011, 10:50 AM
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#5806 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
Failed 359 Times in 46 Posts
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Originally Posted by highfive Popped this morning. Did you sell?
Jermyzy - Yeah I would sell it. Money's money. Or at least have some higher stop losses. | yah,,,
bought .43 sold at .80
just 10 contracts
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10-28-2011, 10:52 AM
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#5807 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
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Okay, sold at 49.7 for ~$800 profit  | |
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10-28-2011, 11:45 AM
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#5808 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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Originally Posted by lime56 lvs. dang. y u no pop?!?!?!?!? Posted via RS Mobile | DANG up nicely today, Nov 8 calls getting scooped up Posted via RS Mobile | |
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10-28-2011, 12:30 PM
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#5809 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
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Originally Posted by lime56 lvs. dang. y u no pop?!?!?!?!? Posted via RS Mobile | how did you see that coming?? nicely done
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10-28-2011, 03:51 PM
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#5810 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
Failed 359 Times in 46 Posts
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flipped a coin. lol Posted via RS Mobile | |
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10-28-2011, 05:33 PM
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#5811 | | Banned (BBM)
Join Date: Sep 2009 Location: None
Posts: 3,135
Thanked 667 Times in 265 Posts
Failed 86 Times in 39 Posts
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Hi all,
I'm new to this but how do you guys buy/sell? Are you going through banks etc? I want to start with around 1000... Any tips?  | |
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10-28-2011, 06:19 PM
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#5812 | | I STILL don't get it
Join Date: Aug 2008 Location: Imaginationland
Posts: 494
Thanked 507 Times in 64 Posts
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Originally Posted by G Hi all,
I'm new to this but how do you guys buy/sell? Are you going through banks etc? I want to start with around 1000... Any tips? | Starting with 1000 is pretty tough unless your playing with penny stocks or doing some options. Personally I would save a bit more until you have some more capital to invest with.
Maybe you could tell everyone what your risk levels are and what you possibly hope to achieve
Do lots of reading investopedia is a good start if you have no clue what your doing
I would not recommend a bank to do your trades because the commission rates they charge would rape your profits (30$ a trade so you'd have to earn at least 60$ each time in order to break even)
Find a small broker that have like <10$ commissions and start from there (If they have TFSA trading accounts even better)
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10-28-2011, 11:15 PM
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#5813 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
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| Quote:
Originally Posted by G Hi all,
I'm new to this but how do you guys buy/sell? Are you going through banks etc? I want to start with around 1000... Any tips? | questrade is a discount online broker - likely the cheapest, $5-10 trades (note i said 'a' not 'a good' i'm with questrade, they certainly have their downfalls, but tey're cheap, and you can do margin, TFSA, RRSP)
$1000 isn't much at all, but its a start, but watch each time you trade, $5-10 is 0.5 -1 % of you current capital, that can add up when you're charged in and out, also watch for US/Cdn exchanges - you can exchange once and keep in US, so keep that in mind. DEFINITELY learn about trading before you start, way too easy to lose money, much harder to make it!
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10-28-2011, 11:23 PM
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#5814 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
Failed 359 Times in 46 Posts
| Quote:
Originally Posted by G Hi all,
I'm new to this but how do you guys buy/sell? Are you going through banks etc? I want to start with around 1000... Any tips? | get into forex
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10-28-2011, 11:47 PM
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#5815 | | I bringith the lowerballerith
Join Date: Nov 2005 Location: vancouver
Posts: 1,133
Thanked 4,543 Times in 464 Posts
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Originally Posted by G Hi all,
I'm new to this but how do you guys buy/sell? Are you going through banks etc? I want to start with around 1000... Any tips? | If your opening an account with questrade I can give you a referral which gives you 50$ in free trades (around 10 free trades). Questrade is probably the cheapest canadian online brokerage and the minimum balance you need to trade stocks is 1000$.
With that being said, like what others have mentioned above, it can be pretty easy to lose that 1000$ if you don't know what your doing so I would recommend playing around with virtual brokerages and do some paper trading. Reading books and joining forums can also help greatly with practice and learning how to discipline your mind since it gets a lot 'tougher' when you use real money.
I would focus on setting realistic goals without getting too greedy. Learn about the different types of investments that are out there and how much time you want to spend managing them. For example a lot of people buy mutual funds and let the fund managers take care of them. Some people like buying individual stocks in companies they understand, trust, and have researched and believe are undervalued. You could also look into investing in leveraged ETF's (exchange traded funds) or futures, forex, bonds, etc. later on once you have more capital and are familiar with the risks/rewards.
1000$ isn't really a lot to invest, but it's a start. Try building up that investment capital while your learning, and familiarize yourself with the different investment strategies (e.g. value investing, momentum, income, etc.)
This thread is pretty entertaining and you could learn some useful stuff, but your still likely to lose money if you rely on others for information instead of doing your own research and making your own decisions.
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10-29-2011, 12:23 AM
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#5816 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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Originally Posted by G Hi all,
I'm new to this but how do you guys buy/sell? Are you going through banks etc? I want to start with around 1000... Any tips? | I'd say...based on an assumption that you don't know much about trading/investing to begin with....spend/save that $1000 and learn/watch more about the market and how things work. It'll be your best investment given your context.
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10-29-2011, 09:12 AM
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#5817 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
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Originally Posted by bakasam I would not recommend a bank to do your trades because the commission rates they charge would rape your profits (30$ a trade so you'd have to earn at least 60$ each time in order to break even)
Find a small broker that have like <10$ commissions and start from there (If they have TFSA trading accounts even better) | Banks are better now. When I started a few years ago they were charging $30/trade. Now RBC only charges $9.95/trade.
Also, when I bought my goldcorp stocks, I bought 100 shares at $45.70 and 100 shares at $45.25, but RBC combined the two orders for 200 shares at $45.475 and only charged me one commission fee
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10-29-2011, 11:37 AM
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#5818 | | Everyone wants a piece of R S...
Join Date: Jun 2006 Location: vancouver
Posts: 351
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That commission rate is cause you or your family household has more than $50,000 in asset.
For only investing $1000.. RBC will rape him. I too use questrade, some minor complaints but always executed my orders.
Amongst the banks, TD has the best platform, thinkorswim.
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10-29-2011, 01:21 PM
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#5819 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
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^Ah, that would make sense.
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10-29-2011, 06:15 PM
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#5820 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
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^^ We now know how much you have in assets  | |
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10-29-2011, 07:41 PM
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#5821 | | Captain Happy Bubble is my Homeboy
Join Date: Aug 2005 Location: van
Posts: 314
Thanked 21 Times in 9 Posts
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Originally Posted by SiRV ^^ We now know how much you have in assets | Line of credit | |
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10-30-2011, 12:15 AM
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#5822 | | Everyone wants a piece of R S...
Join Date: Jun 2006 Location: vancouver
Posts: 351
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off topic but I hope that the next time Air Canada's union threatens strike, Air Canada's management does the same thing as Qantas.
Unions are a poison to any business!!!!
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10-30-2011, 02:04 AM
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#5823 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,798
Thanked 2,886 Times in 1,239 Posts
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Union in theory is good for the market.
But when the union start to corrupt and abuse its power, that gets nasty. They are the workers, they shouldn't tell the company how to work. It's the same thing you don't hire a waitress to tell you how to run your restaurant.
The problem with Qantas is that comparing to other airlines in Oceania, they have 20% more cost. And they can't charge 20% more for the same level of service. The union workers got greedy. They want get paid more while offering the same level of service.
__________________
Nothing for now
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10-30-2011, 10:42 AM
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#5824 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
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Originally Posted by SiRV ^^ We now know how much you have in assets | One BILLION dollars! | |
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10-30-2011, 11:16 PM
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#5825 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
Failed 3 Times in 2 Posts
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So, curious. Whats everybody's view heading into next year?
Double Dip? Another little bull rally into elections? Sideways?
Personally, I think we're not going to see another recession. Economy is improving. I've betting on commodities to rally.
Appreciate everybody's view on this.
Thanks
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