I still cringe at your kitchen loss

got like 40% cash now
wtb: MFC AT 15 lol

I think anything below $20 is a great buy for MFC

any earning/loss to you guys lately?

Hey rs. I've been reading this thread from time to time and it seems like its a real exciting experience. I have some extra cash on the side and I want to try my hand on trading. I'm completely new to this and I was wondering if you guys have any input or tips you could share? I was wondering how you guys trade and with which brokerage? My intent is to just put in a few hundred and just research some companies and go from there. Are there any online trading websites that you have tried before? And what about the fees per trade?/

Thanks!

Hey man
I'm glad to see that you're interested. Let me be the first to tell you that you're probably going to lose money. lol Dont fret though, everyone does at first. My advice to you is do as much research as you can before putting any real money into the market.

If you want to do the trading yourself, I suggest you open up a brokerage account at you're local bank. Most banks do have online brokerage sites that allow you to do this. Or there are other options, such at E-trade, Scott Trade, etc. Every brokerage usually has a different fees, but it all depends how much money you put in, and how often you trade. I think standard rate is about $7.00 - $9.99 depending on how many trades you do a month. But starting off, you could be looking at $20 and over per trade. An alternative to this, if you don't want to put in any real money, is to open a Google or Yahoo finance stock portfolio, and go ahead and put in some simple order entries. It doesn't cost a thing. Then from time to just check out how well (or poorly) your stocks are doing, until you really get the feel for it.

If you hear anything on the news about buying a particular company, i would try and hold off at first and do my own research before coming to a conclusion on weather or not to buy in. Remember, the markets discount all news. By the time the news reports, chances are the stocks has already run it's course. DON'T listen to anyone on CNBC. lol Remember, chances are you will lose your money. But don't be discouraged. You gotta be able to take some risks if you want that cake. Fortune favor the brave my friend.

good luck

Hi. I'm definitely interested in starting to trade in the stock market and was wondering how do you guys decide which sectors to invest in?

Do you research which products/sectors are doing well and decide from there? And even if you do decide which things to invest in, how do you know which companies would be the best investment?

Thanks

Everyone's opinion on which sector to be is going to be different because everyone's view on the economy is different. However, generally in a bull run you want to stay away from defensive stocks and be in cyclical names. I'm mostly looking at a few names that haven't really taken off yet from the march low but still has a solid business model with great balance sheet. These stocks tends to do very well in a recovery.

the fuck is wrong with questrade today?

man i sick of these guys can't get anything right even on a slow ass friday noon. maybe i should switch to interactive broker, any suggestion on a better broker?

this week is boring, BORING I say

BORING??? it ain't boring if you look at individual stocks like FRE FNM AIG ABK. these stocks are on a mission bro.

TD Waterhouse

but um has anyone used thinkorswim? or does anyone know if lightspeed is available to canadians?

yea, but...

I wasn't looking at those :D

FRE FNM AIG is very exciting today for those who still have them. haha

uhhhhh
lol
sucks if you still have them
pretty hard pull back today
all three tanked pretty hard

only good if you were on the short side

this bearish market came half a year late.

The original FAZ price is still only $2.60. I know about the decay blah blah blah, but FAS is at $70, which is $14. Should have kept when i bought it at $7.

FML

those days i lost alot of money from trying to catch the fas/faz trade...but i must admit it was pretty fun...the money was flowing and you could make (or lose) thousands in literally a minute with a few g's investment.

prolly healthy that it was down today
i guess these next 2 months might be ghastly
luckily i switched to like 50% cash recently

hey wouwou...since you have tons of experience in investing in abx and Goldcorp, what do you think (in your opinion) about gold right now? trying to read all the 2 cents/info i can get before i jump into one of them.

excellent day :)

so... what's going on with LVS, MGM, WYNN?

it's been going up for weeks!

is it possible to start trading with few hundred dollars? My dad is an experience stock trader he like to speak alot of philosophy to me all of them involve having quite abit of money to play around with. I want to start young with the disposable income I have now. I'm been basically told to take a hike in regards to trading with such small amount of money.

Is it doable?

That might be tough to find a broker that'll let you open an account with less than $1000

put it this way.

The cheaping transaction fee I know is 4.95 from Questrade. Say you have $1000 invested, to buy and sell costs close to $10, and that's 1% of your total asset already. It's ok if you are not a frequent trader, but if you do multiple trades in a week, that eats up a lot of your profit margin, even if you can average a 5% each trade.

To start young, you are better off doing a monthly deposit with a growth mutual fund, not only does this reduces the costs, it also allows you to average in on the costs until you have say $5000, and some knowledge of why mutual fund sucks.

Then the fun begins.

i skipped the mutual funds step because i know it suck ass (i work in a bank), and those account managers or fund managers are not all very smart and honest. they are always pressured by their own boss to sell sell and sell, and most of the time, they don't even agree with the products they sell.. LOL

since i am still young, i figured i can learn something in the stock market.
my transaction cost is $25 each way, which really kills me because my purchases are usually only $1000-$1500.

i have been trading for about a year, and learned a lot about what NOT TO DO.

overall, im down about $1,000. it's better than when im 30 years old and down $10,000 or more.

no one will care about my OWN money other than MYSELF.