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The Business and Financial ForumTHIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE! 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.
Are you trading options? QuestTrade is like $5 - 10 Max.
Interactive Brokers has a really low commission rate.
I suggest QuestTrade to a majority of friends because it's free to buy ETF so for passive investing it's perfect. Then I suggest WealthTrade for all our speculative / WSB type of trades. I believe both these sites have referral programs which help even out the commission costs.
ETF is free on IB too lol.
there's literally no reason not to use IB.
actually there is... if youre a hardcore combination options strategies trader. their margins are worse and u don't get the full margin cancellation if your options are covered by opposing options lol.
Are you trading options? QuestTrade is like $5 - 10 Max.
Interactive Brokers has a really low commission rate.
I suggest QuestTrade to a majority of friends because it's free to buy ETF so for passive investing it's perfect. Then I suggest WealthTrade for all our speculative / WSB type of trades. I believe both these sites have referral programs which help even out the commission costs.
Do you hedge your options with opposite positions? ie. buying calls and puts and the same time? I'd trade options but I feel safer trading stocks as I have limited capital and less risk (especially if I can long hold if my shorts aren't going up short term while options can potentially expire)
actually there is... if youre a hardcore combination options strategies trader. their margins are worse and u don't get the full margin cancellation if your options are covered by opposing options lol.
I think when I first opened a brokerage I didn't meet the $10k USD minimum to waive the maintenance fee when I was 19. Even now I feel like IB wouldn't meet my needs since their Commission Free ETFS don't include Vanguard.
However, I feel like everyone actively
trading stocks should be on IB to reduce fees.
Do you hedge your options with opposite positions? ie. buying calls and puts and the same time? I'd trade options but I feel safer trading stocks as I have limited capital and less risk (especially if I can long hold if my shorts aren't going up short term while options can potentially expire)
I'm not if I want to hedge I would buy bear etfs to reduce exposure since it's cheaper commission than options
I think when I first opened a brokerage I didn't meet the $10k USD minimum to waive the maintenance fee when I was 19. Even now I feel like IB wouldn't meet my needs since their Commission Free ETFS don't include Vanguard.
However, I feel like everyone actively
trading stocks should be on IB to reduce fees.
cant argue with +$800 in one day lol. but i really like their products and their innovation. hopefully it stays strong. contemplating in buying some more...
yea i'll be on the lookout and if it tanks i'll just try to maximize profit and sell asap. on friday though it went up another $150/share lol. it's insane
What hasn't Killed me, has made me more tolerant of RS!
Join Date: Oct 2015
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Honestly, I don't think we gonna have a major crash like in March. Maybe a small correction here and there but the overall market I think is trending up.
I still suggest having available cash to buy in. I'm currently 50% cash and might be moving to 40% cash in the next couple weeks.
Honestly, I don't think we gonna have a major crash like in March. Maybe a small correction here and there but the overall market I think is trending up.
I still suggest having available cash to buy in. I'm currently 50% cash and might be moving to 40% cash in the next couple weeks.
I'm going to wait to see how the market reacts to this week's earnings. Lots of major companies are reporting.
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I've just reduced my equity exposure to 50% from 90%.
Currently my portfolio mix for my TFSA is:
50% equities:
15% WEED (APHA and GTII)
25% CAD banks (RBC, NA)
15% CAD energy (ENB)
45% US Tech (MSFT, AAPL, FB, GOOGL)
50% cash
I sold all of my TSLA. Probably the dumbest move I'll do, but let's see what happens. Betting on a correction coming soon, let's see if it comes.
So much doom and gloom out there. I dunno what's going to happen, but figured I'm happy with only 50% in the market right now. Oh well. Let's see how it goes.
MY TFSA mix is different than my RRSP mix. My RRSP mix is 75% Equities 25% cash. I'm less active in my RRSP. That's just there for the long future, so I'm not too active in my RRSP
^ I wonder if TSLA will ever have a red day leading up to Aug 31st. I can see even more average joes going straight to Tesla after the split as it appears to be more affordable