Originally Posted by mufi_02
Any suggestions about which trading site is good? I looked into E-Trade and ScottTrade and saw both of them have high fees for each transactions (buying/selling). I want to enter into the market but my initial investment is low and whatever profit I am expecting will be lost due to this transaction fees. I might end up in the negative.
https://www.sogotrade.com is probably the cheapest one out there at $3 per trade (no limit on volume). Never had any problem.
__________________ They said, "After we turn into bones and fragments, we get resurrected anew?!" Say, "Even if you turn into rocks or iron.[17:49-50] |Wiki: Cold Fusion occurring via quatum tunnelling in ~101500 years makes everything into iron.
Ajfar your stocks are doing well. you always have good timing/or lucky for some reason
Originally Posted by Ajfar
Green Mountain opened 10% this morning!! They are suppose to be reporting their earning next week, hopefully this continues up till next week.
ajfar my man, you have given me renowed faith in my intuition. you have one lucky bstrd. you have a good knack for market and timing. keep it up. out of all young lazy peeps in bc, you have a pretty good chance of becoming a young milliinaire. good thing u stopped talkimg abt penny stocks....this is how u trade and invest. brain and luck.
your green mountain coffee released earningtoday, blew away estimates. stock it seems was way over sold. up 25 percent in after hours. how much is that now up 40 pc already now since we last spoke abt it. i hope you invested good amount. good job.
anyone got out of the market last friday? i probably would have done that had i got in on time, went in late.. not enough gain.... will ride out the upcoming storm if any, will buy on market weakness.
I been keeping eye on this thing since Monday. I had a feeling this was going to be a good week. I first learned about Green Mountain from my Colleague, the guy I replaced inherited some 20,000+ shares of Green Mountain from his grand parents. My colleague got in it earlier this year. So I decided to look into it, and after doing some research I finally decided to get in and hope for the best. Not bad for a first timer.
"I was the happiest man in the world, happier than Bill Gates"- Tamim Iqbal
dont get burned... money can be made properly..... learn from ajfar bahi who owes me a dinner in a bangalee restaurant... nothing less than my favorite dish... golda chingri..... with his new found riches.
Originally Posted by iDumb
i haven't done it yet. i sent a form once many years ago to my online broker for access to trade options, they sent me the form saying list ur assets... i didnt have any....never completed it.
do you? share ur thoughts and experience here.
Yeah they're very careful about risk. I trade off a platform, on a demo n live account. So I don't go through brokers and stuff.
It's pretty intense I started on n off , but slowly got into it n did trainee trader internship trading US bonds n t notes. For the 2 months I did it for , my life revolved around the US time zone...and when ur Sydney...that isn't easy to do everyday lol.
consistent Profit making isn't easy, but the right techniques at the right time and a lot of patience n discipline is key
But all in all, it's most stimulating, thrilling and nervous job there is and the best way to immerse yourself in global markets.
What about u ? What's your story with equities? I find they're good long term investments...but short term wise...the volatility in futures is freaking awesome
Originally Posted by Ajfar
iDumb buy some gun stock man. With Obama/democrats in office, gun loving Americans will be worried about tighter gun control laws in the near future. I'm thinking about getting into Ruger, it's up around 45% since last year.
One good idea you had. coffee maker, a bad idea this one. I am a socially responsible investor, or you can call Halal investing. Time for this stock to crash....
Do I think anything is gonna change in terms of laws, no. It will remain broken. But there will be lot of noise and pressure to do something in coming weeks.. and market don't like uncertainty. All these guns stocks need to go into oblivion...
No investing in cigarrette, guns, liquors. casinoes and all that other nonsense...
^ I didn't get in, I changed my mind at the end. This stock won't crash. Gun sale is at all time high right now. Event like todays will have opposite effect on a lot of Americans. It's stupid but its the truth. People will say what if somebody attacked me like that in my house, I want to be prepared to protect myself, looks like its time to buy a gun.
you didnt understand my point. i didnt say it was gonna crash, i said it needs to crash.... also it is not what u think ppl will do that is gonna matter, right now market movement will be based on noises from washington and policy changes, ie making extremely difficult to purchase weapons. And getting rid of th e right to bear arms (unlikely).
my post was mostly being socially responsible, i can not live with a thought that i am contributing to the growth of a company whose product does evil time to time....
that is the reason i also mentioned, ciggs, alcohol gambling stocks as well....
for over all market, I think all this time no news from washington was good news, now any major events taking over fiscal cliff talk as we approach the end of the year will be bad news... as we approach end of the year, all we need on tv is we have good deals, fiscal cliff this, fiscal cliff that....
i am gonna get out of the market if washington starts talking about any other events in world instead of cliff in coming days... i wanted to get out earlier this week actually.. dow back to mid 1300s... but figured its worth holding as we talk fiscal bull....
Last edited by iDumb; December 18, 2012 at 09:21 PM.
So afjar bro. Ur gun stock fell 4 PC yest and 8 PC today.. More than 12 PC in 2 days.... While the overall market is running high...
So what does it mean. It means never argue with a swing trader. I might not be able to predict whats gonna happen to a stock a year from now but I sure hell can give u some good predictions with a week period time.....
Now the real problem I have is when to get out..... Market showing no signs of fatigue.... I think I will lock my gain by the end of the week. Tempting today though.
The Sandy Hook Effect: Gun Sales Rise as Stocks Fall
By Javier E. David | Special to CNBC.com | CNBC – 6 hours ago
As lawmakers across the U.S. debate the possibility of new gun control laws in the wake of the Sandy Hook shooting, weapon sales in parts of the country appear to be on the rise.
Friday's massacre at a Connecticut elementary school that left 26 people dead - including 20 children within the ages of six and seven - has sparked a national conversation about imposing stricter legislation on the nearly $32 billion firearms industry.
The ensuing debate has had a few noticeable side effects. Anecdotal evidence suggests that gun enthusiasts are moving quickly to purchase new weapons - even as the prospect of tougher laws has sent the shares of several gun manufacturers plunging.
A spike in gun sales across the country started with President Barack Obama's reelection. Observers note that may be associated with the traditionally contentious relationship the Democratic Party has with the gun rights lobby. Some Second Amendment advocates fear the Connecticut tragedy will provide more impetus to efforts to restrict gun ownership.
Yet in places like Colorado, Ohio and Oregon, local reports have noted a surge in gun purchases occurring immediately after the Sandy Hook tragedy.
A representative for Colorado's Bureau of Investigation's (CBI) InstaCheck Unit told CNBC that firearms background check requests was in the throes of "record setting volume." The day following the Sandy Hook shooting the CBI received a one-day total of 4,154 requests -- a new historical peak.
Although numbers for Monday weren't readily available, Susan Medina, a CBI spokesperson, said that the day's numbers of submitted background checks "continued to be elevated," creating a sizable backlog that the organization is struggling to keep pace with.
The CBI "is working extremely hard to clear the previous day's queue to then launching to the current day's checks," Medina told CNBC in an emailed statement.
The National Instant Criminal Background Check System run by the Federal Bureau of Investigation - which oversees the impromptu investigations required for gun buyers - also saw similar volume to InstaCheck, the CBI stated. According to NCIS data, more than 16 million firearms related background checks have been run this year as of Nov. 30.
Meanwhile, gun maker stocks have taken it on the chin since the news on Sandy Hook broke.
Smith & Wesson (SWHC) stock tumbled eight percent over the Friday to Monday period, and on Tuesday the stock careened an additional 10 percent lower. Sturm Ruger shares also plunged by nearly eight percent in midday trading.
Both companies were hurt in part by news that private equity giant Cerberus Capital Management would immediately shed its stake in gun maker Freedom Group, citing the Connecticut tragedy.
Knowledge is power bro. This is your investment opportunity. Guns sales sure will rise, no brainer there, it's common after mass shooting. But the real question is what do you believe. Will there be a legislative change for stricter gun control (which will be difficult, ppl go easy way out, meaning no change) - if there is stricter gun control laws then initially sales maybe high but long term wise it is insignificant and market looks at long term outlook, in a short term trading if that makes any sense lol.
Moreover, if there are institutional selling, then how will the stock move? Regardless of the performance of the company, it is the demands of buying and selling stocks that moves a stock price, not the company's product sales volume.. (look at apple lately). If institutions are dumping, the wave is against you....pennies from retail is not gonna stop the slide despite what you may believe.
Having said all that... market actions are typically knee jerking.... Over long term, everything will balance out and it is the fundamentals that will dictate stock price. Therefore, this is the perfect buying opportunity for you, if you think strongly about these companies.
Go right ahead.. pour all your money in. I don't think you will get any better opportunity.
But in life money is not everything, there are social responsibilities.... therefore, personally, I wouldn't touch these stock even if they given it to me at a level that makes sense (which is not far off)...technical analysis wise.
মুদ্রাবাজারে ডলারের তেমন চাহিদা নেই। বাংলাদেশি টাকা দিন দিন শক্তিশালী হচ্ছে। বিপরীতে মূল্যমান খোয়াচ্ছে মার্কিন ডলার। টাকা শক্তিশালী হলে প্রবাসী-আয় (রেমিট্যান্স) ও রপ্তানি ক্ষতিগ্রস্ত হয়। মধ্য মেয়াদে এই দুই পক্ষই নিরুৎসাহিত হয়। যে কারণে বাংলাদেশের মতো দেশগুলোতে ডলারের মূল্যমান ধরে রাখার একটা চ্যালেঞ্জ নিয়ে থাকে কেন্দ্রীয় ব্যাংক
tough and a debatable question. it supposedly gives us competitive advantage over other countries when it comes to garment exports, a bulk of our economy. for ex: gap is not gonna let bd make their clothes if they getting less taka (hence less service) with each dollar, they will find another cheaper place. and when that happens, our economy shrinks and a lot of ppl loses jobs...
or atleast thats how hypothetically it supposed to work....:p