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If you change your cash account to a margin account you would not have to worry about T+3 (settlement). You don't even have to use margin in order to have a margin account. But it allows you to use unsettled funds for trading while a cash account doesn't. But one thing you need to know with a margin account is that if you have under 25k in your account they track your daytrading and you can't day trade four or more times in five business days. If you do and your account is under 25k they will put a restriction on your account. If you are a pattern daytrader and have over 25k you don't need to worry about anything.
What options are there to avoid the
"3 day" rule?
depends on what price it is trading at - if you have a stock with an os in excess of say 500M and it is trading over a penny that would be too huge - on the other hand, if it was trading in the double zeros it would make more sense
When looking at share structure, what makes a float large or small? Is there a ratio or percentage that would determine that?
TIA
Maybe this would work. I have never used it but it looks like it converts csv to qif:
http://csvconverter.gginternational.net/
Financial Software question....
I can export .csv files from my platform but importing in Google finance gives me errors now... it also ignores some tickers. Anyone know of an alternative software where I can view my overall gains/losses. Does ihub allow csv import?
Thanks
You can put in your offer at any price you want - even below the bid. The thing is, if you want a guarantee fill you buy it at the ask price. Being that there is such a large spread on this stock I would guess it is thinly traded.
If a stock is trading at .05, the bid price is .035, and the ask price is.06, does that mean I can't buy it unless I pay .06?
Hmm, interesting. Apex from what I understand is what the new platform will be called. Peak6 is the company who they are doing the merge or acquisition or whatever they call it with. Don't know if they are in any way connected. I have a call into my broker from Friday to speak with someone who many know more about it:
About PEAK6 INVESTMENTS LP: www.peak6.com
PEAK6 Investments, L.P. is a leading financial institution with headquarters in
Chicago, and offices in Seattle, New York and San Francisco. Established in 1997,
PEAK6 has a demonstrated track record of success in proprietary trading, retail
brokerage, technology innovation, and risk management. PEAK6 focuses on
innovation, execution prowess and nurtures a highly dynamic, entrepreneurial
culture.
About Penson Worldwide: http://www.penson.com
The Penson Worldwide group of companies provides execution, clearing, custody,
settlement and technology infrastructure products and services to financial
services firms and others servicing the global financial services industry. The
Penson Worldwide group of companies includes Penson Financial Services, Inc.,
Penson Financial Services Canada Inc., and Nexa Technologies, Inc., among other
companies. Headquartered in Dallas, Texas, Penson has served the clearing needs
of the global financial services industry since 1995.
From what I understand Apex is Penson, restructured...soooo, my guess, same fees, same $hitty company.
That is the question. I would think that APEX might want to pass those fees along to the customer too so they may have restrictions too. We'll see.
Got email from zecco saying apex are taking over from penson for trade clearing operations for zecco - does this mean no more frustrating chills and exhorbitant fees?
Yahoo changed all of them...click in some other stock symbols.
One of mine...blta.ob
They did it yesterday to another ticker too - atrn - that is a yahoo glitch.
I AM NEW AT THIS
QOIL.PK IS NOW LISTED AS JUST QOIL
IS THIS JUST YAHOO'
THEY DID NOT DO THIS TO ANY OTHER STOCK
I think you're talking about what Yahoo changed...they cleaned up the boards over there. I think that's the way they just list all the stocks now.
WHAT DOES IT MEAN???
WHEN A COMPANY CHANGES THERE NAME FROM
_ _ _ _.PK TO JUST _ _ _ _
IS THIS GOOD OR BAD?
Go to the bottom of my post here and you'll see it...
Any post on any board.
how do you add a stock to your favorites on ihub?
Well in Twitter the $ sign is used like a hashtag - it is a shorthang lingo for stock related texting. Anytime you are mentioning a ticker you place the $ sign in front of the ticker.
Does anyone know what the "$" in front of stock symbols mean? I have seen it quite often on this site. I still don't have any idea. Thanks in advance. :)
I will, thanks!
Did you check out the links in the ibox?
I'm new, it takes a while for things to sink in for me. Can anyone recommend good online training for reading charts, looking for gaps, when stock are thin, etc...
yeah, i figured, there are a bunch of free scanners but all the ones I have seen are delayed
No sorry :\
otcmarkets.com has a basic stock screener for free nothing advanced
Unfortunately, no. You not only have to have an Etrade account, but you need to make at least 30 trades per quarter with them to qualify. I really don't know of a free stock scanner since I don't use one. My guess would be if it is free, it isn't real time. In terms of settings, everyone's criteria is different. Since I am a bounce trader I have two separate scans running. One is for otc and pinks that have fallen below 20% and the other one is for the big boards that have fallen below 15%. There are so many different types of scans you can run depending on what type of trading you are looking at. It could be based on the size of the bid/ask or volume or technical, etc. What I like about the one I use is that it has filters so I can set it to prices, spread size, volume, and exchanges to name a few.
Cintrix, thanks for the reply. I was using the word purge wrong. I was meaning, to bring to the top. I actually want to screen Pennies. I am hoping to get input on some various setting for the scans to surface some stocks to chart. BTW, can one use etrade pro (for a fee) without an etrade account?
Thank again
SD
I use Strategy Scanner from Etrade Pro. Not sure what type of criteria you are looking at. You want to purge penny stocks? Does that mean you want to watch stock other than pennies? Strategy Scanner allows you to set up scan according to where they trade. So if you don't want a pink you don't have to choose that.
I think you should start reading here.
http://www.nasaa.org/
You are not being answered as it is not clear what you want.
Purge means to do away with, or to get rid of something.
Micro scans - penny scans
Hi all, could anyone point to (our just explain) a resource of different types of scans to start my analysis. I'm familiar with a bunch of sites that scanning abilities, I'm just unsure of the various settings, to purge some penny stocks to begin watching.
Thanks in advance for any help
SD
I don't use their quote system but you can get nasdaq, nyse, amex, otcbb, and pinksheets from them - if you are not paying them for it you might check to see if it is delayed.
From which stock exchanges can I get quotes on Investors Hub?
Sounds like a lazy way to complete an assignment. Just posting questions and hoping for a nibble. Good luck finishing Devry.
It means they will follow you. You can click on anyone's name and hit "follow" and by doing that you make a bookmark of their profile and it shows up on your profile - every time you get someone to do that your "followed by" number goes up.
Howdy...
Someone just sent me a PM saying they gave me my first mark. Not sure what this means. Is it contagious?
Citrix. Thanks so much man. That is really great info and clears up a lot for me. I've been reading about this a lot but was unable to get total clarification on this point.
Thanks again friend.
SL
You can only use 3k as the bottom line. In other words, if at the end of the year your total gains/losses were in the red and say it was for 5k, then you can only write off 3k, but carry the other 2k over to use next year. BUT...say your gains were 50k and your losses were 40k, you could use all of those losses against your gain in the same year and only have to report 10k in capital gains.
Thanks for the response. But aren't you Allowed to report only $3k in capital losses per year.
Well, for one thing, if you are "trading" you are not really an investor. If you decide to short term trade then you have no choice than to have to pay the higher rate tax that they hit you with - unlike the 15% for long term. For me it is well worth it. If I understand your point, I think what you are saying is that if you buy/sell one particular stock and make a decent profit on it, then you buy it back and sell it for a loss, you still have to pay a higher tax rate (say 28% or whatever your rate is) on the original purchase. Is this what you saying? If so, this is true, but the loss you also are reporting and it brings down your capital gain. One of the trickiest things about trading is to be able to take a profit, and then not to give it back. I for one am a trader and I could never make the money I make if I bought stocks and just held them long term.
My last post got truncated:
What I mean is - it seems that the flipper is accumulating hefty of short terms cap gains tax. With a large sale - if he is buying the same stock at a lower price, he has to hope the stock goes up again and not plummet or else he is now in the hole for the capital gains tax of that large sale. Is this right? Am I missing something? It just seems like a stressful way to invest.
Why does there seem to be no concern for the short term capital gains tax by flippers/traders.
Thanks--now I have the LINKS--!!
Anything that is otcbb or pink will show up the day before on this list:http://www.otcbb.com/asp/dailylist_detail.asp?d=04/27/2012&mkt_ctg=ALL
That is a valid site and if there is going to be an actual rev split it will show up on that site the day before. You could also check here for nasdaq on both reverse and forward splits (remember ratios - reverse has the smaller number first):
http://www.nasdaq.com/reference/upcoming_splits.stm
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