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US Penny Stocks Trading Diary
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huat.trades
Member |
26-May-2009 17:15
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Hi all, Thanks for your replies. I have sent out exclusive content for the mailing list ppl and I will give them priority for the picks. There have been picks and updates on the CNA Forum link as well. Pls view them as some of the picks are out already. Still have more tonight. http://forum.channelnewsasia.com/viewtopic.php?t=243488&start=80 Just a few replies. I use a US broker as SG one is just simply too ex. Whether capital raising market or not is not an issue to my strategy, I focus more on smart money =) If you have any friends or trading buddies who want to be on the mailing list, do drop me a mail at huat.trades@gmail.com I will concentrate more on the mailing list from now on. Thanks. |
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keepnosecrets
Master |
25-May-2009 16:16
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For Etrade, (I am just a client and not working for them), you can start off any amount. Min US$1000 (One thousand dollars usa). | ||
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aircraft
Veteran |
25-May-2009 16:15
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Yup, etrade need to park a lump sum of $ there. | ||
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cheongwee
Elite |
25-May-2009 16:10
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i believe i ask before, they require u to put some 50k there first, so the free trade got criteria..chk eith them..
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keepnosecrets
Master |
25-May-2009 16:07
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For options, I pay US$9.90 per trade regardless of how big the trade is. I think for US shares their brokers charge on per trade basis unlike Spore Brokers who will charge on percentage of the dollars amounts. Etrade gives you 10 to 100 free trades if you sign up before the end of May. |
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aircraft
Veteran |
25-May-2009 15:54
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I'm using optionxpress but still the charges are quite steep at $16.95 per trade. Any better recommendation ? One thing with US stocks is that their dividends are taxed 30% , quite a big chunk... |
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keepnosecrets
Master |
25-May-2009 15:33
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Thks Huat. I will watch your trades and if your picks are to my likings, I shall follow. I am trading with US Brokers so would advice others to do the same. Do not use local brokers as their commissions are very high, so not worthwhile, since the difference alone if you traded more dollar terms per trade over 30 to 50 trades will be enough savings to buy yourself a nice 1000cc Japanese car. Be patient, get a US Broker and everything should be on the go within 6 - 8 working days. Cheers.
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Hulumas
Supreme |
25-May-2009 15:32
Yells: "INVEST but not TRADE please!" |
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Fund raising capital market is very very hard to make profit generally speaking. I avoid US stocks totally at least for another two years from now.
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marktan21
Member |
25-May-2009 15:26
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All the best for your trades. Seems like you are doing great so far. Will be looking forward to your posts for reference. :) |
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huat.trades
Member |
25-May-2009 15:06
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Hi all, this thread will hold my daily trades for US Penny Stocks
(<$5). Feel free to observe the returns or follow the picks.
However, past performance is not predictive of future performance and I
am not responsible for any losses from trading or slippages. Assumptive initial capital: US$ 25,000 Target: US$ 1,000,000 Hope my picks are of help to some of the bros here. I personally don't really follow the Singapore market and have been trading US market + FX for 5-6 years. Have accumulated massive losses at a point of time due to no discipline + no position sizing + anyhow whack haha. Also wanted to give up trading and surrender to ppl around me who keep saying trading is gambling, not practical, study so much in the end play stocks later get burnt, wont work etc. I am glad I proved them wrong to who I am today. People refused to follow me initially when I told them to buy Citi @ 1 buck, ABK at 50 cents etc. Then when they see the price, their eyes light up now. Too bad so sad. My previous trades were at this link at channelnewsasia forum: http://forum.channelnewsasia.com/viewto ... sc&start=0 My trades in this forum will continue from there. Pls PM me because I am starting a email alert. So that when I trade, you guys will be alerted via email. Thanks and all the best. Today is Memorial Day for US so no trading. Take a break =) |
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