Investor Help (NO Ihub questions)

[Kev2128]

I usually like Bigcharts.com

Link
http://bigcharts.marketwatch.com

Or
Stockcharts.com

Link
http://stockcharts.com

[cintrix]

great

[Ramko89]

Thank u web site is helpful

[cintrix]

I use the ones my broker supplies. If you don't make enough trades to qualify you might want to pay for a service. There are a few free sites but I don't know how good they are.
http://www.freestockcharts.com/
I am not a chartist so I can't give you a good answer. Anyone out there reading this who would like to contribute, please do.

[cintrix]

You might want to start here and read all the opinions:
http://investorshub.advfn.com/Best-OTC-Brokers-15250/

At one point Etrade was considered one of the worst, and now it is one of the best. That is because a bunch of the "good" brokers who use penson/apex clearing went from really good to really bad. I loved choicetrade until the past year. That is because penson has changed so many rules it is near impossible to trade often in the penny market with them. Choice recently announced that they are switching their clearing firm in a few months. Won't know if this rectifies half their problems until we see it in action. At this point I have stopped trading pennies with choicetrade and only trade them with Etrade. But I encourage you to read that board. Loads of opinions.

[ICBS]

what on line brokeage firm is best for trading penny/pink, and explain why. thanks

[Ramko89]

Does anyone know we're I can get charts from

[cintrix]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64607540

[justin222]

How do I add a Canadian on streamer????

[bcci]

Why do every time i have a problem with IHUB deleting curtain posts and contact the ADMIN
2 thing's happen ,,
1) all the bashers come out,, how do they know ?? Its like IHUB admin tell curtain people what my problems are , could it be one of the MOD's on the board that is Grandfathered
can he see my privet posts to admin>>>??

2,and my computer goes crazy its like someone is controlling it ,, I cant post it just gets stuck frozen this is not the first time it happens ,,, I check no Viruses nothing

who is watching IHUB Administrators is there anyone watch for manipulation ???

[cintrix]

http://investorshub.advfn.com/boards/create_board_aio.asp

[Bullseye08]

I'm interested in finding out how to start a new board for a public company and how to build a company profile page for that company that can be updated with company news, etc. Just don't know where to look for this info. Please email response to [e-mail]

[skylimit]

Thanks for your input. Regarding the .0001 prices,I realize now they are VERY speculative and not a daytrading tool as much as a longer term 'lark' when the bank account allows it. As I said, I'm learning and responses such as yours are extremely valuable. I appreciate it. I'll have more questions in the future. Good Luck !

[cintrix]

First off, never use a market order with penny stocks. Some brokers don't even allow you to use market orders on them. Way too risky. I rarely even use them on the big boards. The only time I ever use a market order is if it is a very busy stock that is moving fast and I know I want in or out at whatever the current price is.

Regarding paper trading. I have said it before. Don't think that if you do well paper trading it means you will do well when you are doing actual trading. And one issue you made is exactly one of my points. You don't know where you are getting your price when you paper trade. If you are selling at the ask, that is an assumption that you can always sell at the ask. It doesn't happen that way. When a stock is moving up, your chances of selling at the ask are better but still not guaranteed. If a stock is down trending, forget about getting a sell fill at the ask. Your question:
When the ASK went to .0002 I sold for an apparent 100% gain. However, the BID was still at .0001. Isn't a sale at the BID price ? If I were to sell my .0001 using MARKET on my sale order when the ASK is .0002 and the BID is .0001 would it have gone through at .0001 or .0002?
It would have filled at the bid price of .0001.

I can warn you that penny stock trading it very volatile and you probably shouldn't be doing it if you have another job that keeps you away from your screen all day. Triple zero pennies are very dangerous and you really shouldn't be starting with them. The spread on them is too big. If you buy 1m shares of a stock at .0002 (at the ask) and you want to unload them right away, you already lost half of what you put in if you wanted to guarantee a sell. At least with the double zero pennies, there is an extra integer so the spread is not that large.

[skylimit]

I have not yet begun actual trading. Still learning. VERY interested in these Penny Stocks. My day job prevents me from actively following the action. Novice chart reader, trend follower I guess is my status. Followed newsletters and boards for about 6 months then set up portfolios for around 3 months for each to see who had the best recommendations over time. Learned that you've got to be on top of things, not in at 9:30 and out at 4:00. Recently got hurt (broke heel), so while laid up tried a $2000.00 paper portfolio with IHub and used the streamer,(WOW, that thing is like a Christmas tree at opening bell), to follow the action, selling and buying when I was satisfied or disappointed. My total after 15 trading days is up to $43000.00. That seems high. Something must be wrong. I think that my use of the buy-sell applet is at fault. When selling, the app shows the current ASK price which I used as the selling price. Many of my sales were of .0001 stocks, (MEXP, EFIR), which I had $1000.00 @ .0001 invested. When the ASK went to .0002 I sold for an apparent 100% gain. However, the BID was still at .0001. Isn't a sale at the BID price ? If I were to sell my .0001 using MARKET on my sale order when the ASK is .0002 and the BID is .0001 would it have gone through at .0001 or .0002?
The streamer indicated the last sale price as .0002, I'm assuming a buy because the color was green at the change.
Is it a good practice to use MARKET when things are hectic or take a chance on a firm price for selling ? More questions as they come up, the learning continues. THANKS for your help.

[skylimit]

OK Thanks I don't plan on purchasing a company but have noticed average volume of some stocks equate to one to four hundred dollars. Seems kinda small, thought there was a legal reason.

[cintrix]

Yes and no. Technically there is no limit. And it then depends on your broker. Some brokers will charge you extra fees over 500k. Some don't. Some brokers who use clearing firm Penson/Apex will not allow you to purchase large amounts in stocks that don't trade often. They have an illiquid rule - which is total bs, imo. I have never, ever been refused a trade based on size from Etrade. I would guess there could be legal issues if you were buying a penny stock and were making a huge purchase where it was a large percentage of ownership of the company.

[skylimit]

Question; Is one limited in how many shares of a particular Penny Stock can be purchased in one trade ?

[cintrix]

My guess would be that there is a problem with the one that says different than the other two. Try this site for historical quotes it will also not if the prices are split adjusted:
http://bigcharts.marketwatch.com/historical/

[johnnyutah77]

What does this mean?
When researching a stock on yahoo and the generic iPhone stock app it shows that it had a 52 week high of over a dollar but doing the research on ihub shows a high of .05. If you pull up the chart and look closer it shows a gap in the period when they supposedly hit over a dollar. Just a mistake or bad research and sources on my part?

[kd3]

Thanks for that info

[cintrix]

Yes, you can fill out an account transfer with the broker you want the shares with. The only problem now is if you have penny stocks in a different brokerage the new brokerage may refuse to transfer them.

[kd3]

Is there anyway one can transfer shares from one Account to another..?

[cintrix]

The online brokerages are getting really picky about accepting penny stock transfers. If you have the actual certs it may be easier - give Etrade a call and ask them if they would accept them if you have the certs.

[dmbao]

Can anyone recommend a brokerage firm that excepts pink sheet certificates with sub 10 cent share prices?

Thanks

[cintrix]

every level ii service uses different color codes - the one i use has green as the current bid/ask and uses both green/red for the prints which indicate an uptick or downtick

[tburton35]

What does it mean when the bid and ask price are shaded in green or red?

[cintrix]

Huh?

[oystersnbeer]

What do diff. board types mean ?

[cintrix]

I get it using the same one you noted. Maybe they use a different symbol in front of the RUT - ask them here:
http://investorshub.advfn.com/The-Question-and-Answer-Board-504/

[acunuttall]

Where is $RUT? Is the ticker different on iHub?

[cintrix]

Hopefully someone chimes in who has used several different apps. CNBC is realtime and free. You have a lot of tickers so I don't know what the limit is on their platform. Read this:
http://appadvice.com/appguides/show/Best-iPad-Stock-Market-Apps

[Gixene]

I will have at least 200 tickers.

[cintrix]

i have cnbc - if you are looking to just watch a few tickers you may like it

[Gixene]

I have not. I didn't want to start downloading every app in the market to find out which one is best.

[cintrix]

Did you try cnbc app or bloomberg app?

[Gixene]

Good morning investors! I need a recommendation. I have switched from Android to Apple and need to find a good stock watch app. I have Scottrade, but it's a pain to log in every time I check up on things. The stock Apple stock watch app is very bland for the average trader. Any recommendations?

[cintrix]

I would suggest Etrade or Ameritrade. There are a lot of problems arising with penny stocks over the past years. I use Choicetrade but they are no longer penny stock friendly so I wouldn't go there. If you already have penny stocks in your portfolio and you want to transfer your account you might have a problem with the new broker accepting any penny stock.

[earthfamily01]

Can someone tell me where I can buy penny stocks (sub zero) I use Tradeking and they do not work with sub zero penny stocks. I would like a way to buy realtime, any suggestions?

Thx

[cintrix]

I use Sched D. I can tell you that I trade about 1500 trades per year. I do not write off my expenses on a schedule C. I write them off on my Schd A which only allows you to write them off if you exceed 2% of your income. Using a Scd C would allow one to write them all off, but I think there is a fine line regarding the use of a Schd C for purposes of trading. My expenses are not that huge that I would want to take that chance. There is also mark-to-market where you report all your trades regardless of whether or not you sold them at the end of the year.

[oldaccount1]

If one wanted to become a "day-trader" what is the best way to set-up one's business for tax purposes. Do most file on 'Schedule C' of personal tax return, Schedule D, or do they create their own entity (i.e. LLC) and take distributions on 'Schedule E'. Schedule D would not allow you to write off expenses as the other two would. I have tried to find a link that would answer all my questions, but I couldn't seem to come across a decent site. Speaking with an accountant would probably be best, but I am not at the point to where I want to let go of my full time job. This may not be an appropriate question for your board, and if so I do apologize. If there is another board that does touch on this topic, please point me in that direction. Thank you.

[cintrix]

yes they can for a certain amount of time - once the time expires they can't - but please post any questions regarding the site to:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64607540

[Joe anthony]

Can a moderator erase new posts on a board that they are a moderator of? Or does IHUB only have that power?

[cintrix]

That is exactly my gripe about that tool. It is useless. When you see it showing as a buy or a sell, the software is "assuming" what the trade was. Here are the actual help descriptions - notice that they use the word "considered":

The 'Buy', 'Sell' and '?' columns - Where the 'Price' is closest to the 'Offer' price, the trade is considered a 'Buy'. Where it is closest to the 'Bid' price, the trade is considered to be a 'Sell'. Where it is dead centre between 'Bid' and 'Offer', it appears in the '?' column; this indicates that the trade cannot be identified as either a 'Buy' or a 'Sell'.

[Nomadfarmer]

It was on trades column on ihub viewing through my phone... Green is buy and red is sell if I assume correctly, I made a buy today and then went into the streamer and checked trades to see what else was going on and it showed my qty as sell... Didn't know if it was my broker house or what... Just curious, thanks for the info

[cintrix]

I am really not following you. Where on a stock specific board would you see prints that state a buy or a sell? The only place I know of is the trades link on ihub and I personally think it is useless. It assumes that prints closest to the bid are sells and prints closest to the ask are buys. Meanwhile I could sell something on the ask and it would say that it was a sell.

[Nomadfarmer]

It's on the edwy board

[cintrix]

What trade board? Are you talking about the ihub trade report link?

[Nomadfarmer]

Why would a buy show as a sell on the trade board for a stock?

[cintrix]

Well I would guess that the company name change is why there is a delay. Call up Etrade and ask them where your shares are. My guess is that they will tell you they are waiting for the transfer agent. Also, did you check you account for a cusip number? Do you see a number with name of the company? You should.