Investor Help (NO Ihub questions)

[Mr. Al]

What would be good AI stocks to invest in?

[cintrix]

Yep! Exactly! There are still people who don't use smart phones so I guess they still have to offer an alternative.

[ottoman]

oh ok got it. So it's a physical device they send you in the mail. Ah. So that answers the question about what people do who don't have smart phones.

That reminds me of a credit card sized pin number generator I received from Merrill Lynch years ago (must be 12 years now at least). It was the size of a credit card, and had a little digital display that showed a different pin number every time you pressed a little button. Needed it to confirm buys and sells I think. (its been so long).

Thanks Pat. I hope your stock trading is going well, as well as life in general!!

[cintrix]

Got to this page: https://us.etrade.com/security-center/securityid#tab_1
Sign into your account and order the hardware token. You see that pic of that black token? It's the size of a key lengthwise. It's free. Nothing to download. You get that gadget and after you put your user name and password in and it asks for a code, you press the button on that token and enter the code that comes up. This device is actually old school. It's been around for years - before cell phones were the big thing. I've been using it for years. They send you a new one every few years.

[ottoman]

Instead of using that route, I use the Symantic key code gadget. Aren't they offering that anymore?

Well the Norton VIP Authenticator app for mobile devices is Symantec. So that's what Etrade offers as far as 2 factor security for mobil app. That's what I was told to download and install on my phone in order to login. Yes, I guess they also offer some sort of hardware token (whatever that is). Which is what you have. I assume it's something you install on your computer? I just hate installing extra stuff that I don't necessarily trust.

I never have any issues with Schwab logging in. Unless I clear my cookies for the login website, then I need to receive a phone call or text etc.

Not sure why all of a sudden you couldn't sign in and it was a fiasco. Has it been a long time since you logged in?

Yes. I rarely use Etrade now. I think I was getting messages that they will have 2 factor authentication for a while, but I ignored it because I didn't want to opt in. I figured it was something they will offer, but didn't realize it would be mandatory. I don't know why the first few customer service people didn't know what the issue was. The whole signed letter, and photo of my driver's license was a joke, and that went unanswered without the problem being solved.

So It's somewhat my fault for not reading and keeping up with every detail of Etrade's new security policies.

[cintrix]

Wait, not following. You couldn't log into Etrade because they wanted a code? Don't they give you that as an option for additional security? I don't like their authentication code procedure because they require that you download a third party app. Why do they do that? Schwab just texts me the code every morning directly to my cell the same way most banks do. Instead of using that route, I use the Symantic key code gadget. Aren't they offering that anymore?
https://us.etrade.com/security-center/securityid#tab_1
called the Hardware Token

Not sure why all of a sudden you couldn't sign in and it was a fiasco. Has it been a long time since you logged in? Etrade has been a total disaster since Morgan Stanley took it over. And this weekend they are changing it up with all new account numbers - they are shutting it down the entire weekend to make the transition. Hope it won't be a disaster.
Might be a good idea to print out account info before they do this.

[ottoman]

hmm, I don't think I received that one, but it's possible, because I usually just delete broker solicitations immediately lol.

Apparently, I have to wait until November for my TD Ameritrade accounts to be absorbed into Schwab, but many customers' accounts have already gone through the process. So they are doing it piecemeal

On another note, Etrade was a fiasco recently. I was unable to log in to my accounts. (well, I could if I tried 25 times or so).

I called in, and got the run around from "kids" in customer service ( I think working from home....probably with a bowl of Captain Crunch while watching cartoons lol). The first 2 or 3 people did not know what they were talking about. I was told I had to verify my identity to log into my accounts. So I had to send in a letter, along with my driver's license photo. Which I did. I raised heck about it, knowing it was BS, but I did it. And naturally, nothing changed.

Eventually (about the 3rd time or so I called to complain) I was accurately told, that I need to download and install the Norton VIP authentication app on my phone, and use the auto-generated PIN number to log in every time.

I'm old school, and don't like being forced to use authentication apps to log in. What if I don't have a smartphone? Or my phone dies on me, or I can't find it? lol

I think an email verification, or automated phone call would work fine for 2-step verification. I just don't like being forced to download their app, and keep in on my phone all the time.

But the funny thing is, I was able to log in, if I kept trying and trying. Eventually after about 20-30 times I would get in, then I would just put the webpage on "auto-reload" so I would not get logged out lol. So much for security.

Well, I hope you will find some use from Think or Swim. I occasionally use it just for screening stocks that are tanking. There are SO many bells and whistles that it's overwhelming to me. But for avid traders, I hear it's excellent.

[cintrix]

Did you get this email from Schwab? We're upping our trading game. thinkorswim is coming to Schwab.

Looking forward to see if I like Sink or Swim better than Eturd Pro! lol

[ValueCumulation]

Understanding the surprising facts behind every investment strategy

I am trying to understand how people evaluate stocks. Please share your thoughts in a few sentences as it will help me a lot.

1.) Can you tell me about a time when you had difficulty finding the financial information you needed?

2.) How did you solve that problem?

3.) How time-consuming or difficult was it to get the information you needed?

Thanks in Advance…!

[Latoria]

Yes, on such platforms it is essential to make your own decisions and base on your knowledge. Although you may find good advice, your should be responsible for your actions.

[amymailey]

Thanks for sharing useful information.

[ottoman]

happy to help! hope your trading is fruitful lately, and always

[cintrix]

Thanks for posting that!!

[ottoman]

Reverse Stock Splits and Increases in Authorized Shares Will Become Easier under Delaware Law

On July 17, 2023, the Governor of the state of Delaware signed Senate Bill 1141 amending the General Corporation Law of the State of Delaware (DGCL), which will become effective on August 1, 2023.

https://www.jdsupra.com/legalnews/reverse-stock-splits-and-increases-in-8537623/

[Soog]

Th e I use this trying y we

[BullNBear52]

I am going to do some trading next week with Fidelity. I'll post what happens.

[littlejohn]

If you aren't on your broker site...

barcharts.com has detailed options

info if you click on 'option prices'

on any quote symbol page...

https://www.barchart.com/etfs-funds/quotes/QQQ/options?expiration=2023-06-30-w

You can tab it up to see cost to

bet on 5, 20 or ?50 times out of money...

less ads to cloud reviews than a good

site like Yahoo Finance...

So we watch...LJ

[littlejohn]

'none'...

[Toofuzzy]

It is sort of like selling a put. The cash is committed.

Fidelity does the reverse and it drives me nuts. I do a buy or sell and my cash position doesn't change till it clears. I have to look at my " balances " and I find that view confusing compared to if my cash in my portfolio view updated in real time.

Toofuzzy

[gulshan212]

Hello, this is Gulshan Negi
Buying cryptocurrencies involves choosing a reputable exchange, signing up and verifying your account, depositing funds, selecting the cryptocurrency you want to buy, placing an order, and executing the trade. It's crucial to prioritize security by enabling two-factor authentication and considering transferring your purchased cryptocurrencies to a personal wallet. Additionally, conducting in-depth research and comprehending the risks associated with cryptocurrencies are essential. Always make prudent investments within your means.
I hope you get an idea.
Thanks

[cintrix]

Yes and no to some of your points.

Regarding who accepts penny stock transfers...
This question has come up on this board many times over the years. I don't know of one. Interactive Brokers supposedly used to take them. I don't know if they do anymore.


I found Schwab to be stuck in the 1970's!
Well I am not a fan of their platform, but stuck in the 70's? Online trading didn't even come about into the 90's and when it did there was no point and click, no charts, orders were done in terminal. So that is a gross exaggeration.
I like Etrade's Pro over StreetSmart any day, but Schwab's customer service is way better. They answer the phone and reply to online inquires.

There is no way to do a search for high volume tickers...they don't have a search to find high volume tickers!
In StreetSmart go to Launch Tools - choose Screener Plus - go to the bottom of the list and choose Top Volume Gainers

Wait for ThinkorSwim (SinkorSwim lol) - it will be available by eoy.

[Chartmaster]

Anyone know a broker who accepts OTC penny stock transfers?
I Opened a Schwab account to see where my TDA account will be forced over to in order to get a feel for the Schwab platform and I found Schwab to be stuck in the 1970's!
1. No realtime streaming quotes, you have to click refresh to get a current quote on the Schwab standard platform.
2. Schwab is unusable for OTC penny stock trades because there is a 999,999 share trade limitation...they told me I can always call to place a trade but it will be at the broker's discretion if the $25 phone trade fee will apply or not!
3. Schwab is so far behind the times, There is no way to do a search for high volume tickers...they don't have a search to find high volume tickers!
4. The charting on the Schwab standard platform will not allow me to place a 100 period Moving Average on the charts
5. You can't place an OCO order for 2 different tickers, Schwab doesn't allow this type of order.
6. The charting on Streetsmartedge won't allow a 5 minute bar chart, it defaults to a line or mountain chart for the 5 min period I use for day trading

Conclusion: Charles Schwab is an outdated Grandfather's investor platform, lots and lots of negative reviews cuz they don't care about their customers at all and are forcing TDA accounts over to Schwab and they will be scraping the TDA platform like the Evil machines in the movie Avatar...they advertise they will be sure to provide the tools needed to secure your financial future but it's all BS!!! They have a useless platform for real traders and don't seem to care....now they are banning me from trading my TDA account with no warning, I found this out when I placed a trade that was rejected, they said it was "A business decision" and they want me to just go away! Now I can't find a broker to transfer my penny stock bags to.

[Mike Fletch]

Great, thanks again!

[cintrix]

This one sends notifications too: https://www.secinfo.com/
You have to go to My Interests section and choose which tickers you want notifications for and then open the filing page and turn on notifications by clicking on the toggle.
The other one I gave you always sent notifications but I was looking at it and even though the home page says "setup free filing alerts" I don't see where they allow you to do it. If you too weren't able to find it there you can use this other one.

[Mike Fletch]

Thank you

[cintrix]

I don't think they do that but I am not sure. https://www.secfilings.com/ lets you setup tickers that you want email alerts on when there is a filing. So if there is a particular filing that will change the status of yield to current you could try that.

[Mike Fletch]

Is there a way to get signed up for automatic notifications from OTC Markets when companies (any and all) have their "yield" signs removed and become "current"?

[ottoman]

I don't trade off the website so it is now a non issue for me.

Excellent! I usually trade on the website, so it will be interesting to see what the difference is between website/streetsmart edge.

[cintrix]

Don't know if you read the rest of the posts regarding this but found out they aren't even implementing it on StreetSmar - t only their website. I don't trade off the website so it is now a non issue for me. I also use margin in most of my accounts with the exception of an ira. But I still like to know what my actual cash balance is trade by trade.

[pistol2]

how do i do a favorite

[ottoman]

Hello, sorry for the late reply, been busy during the day (outside of stock watching).

I haven't seen an email from Schwab, but it's possible I ignored/deleted it.

I suppose it is being implemented so that you can't somehow end up with a negative balance. I thought Schwab already had this (or similar) policy for buying power, (only allowing buying power minus the current open buy-order amount.)

Maybe it's other brokers that already have that policy (I have so many). Many times (at other brokers), I have to cancel an open order, so that I can place another, more important buy order. Of course, those are cash accounts, not margin, and I no longer trade with the 'Pattern Day Trading' status. Not sure if those variables have anything to do with it.

New rules to save you from yourself I guess.

I'll have to see what it looks like when they implement the new policy. Hopefully it won't be confusing


"I use multiple orders daily - sometimes well below the current price just for luck sake. By doing this it will drain my balance."

As long as you have enough buying power to cover all your buy orders (if they were all to fill), then I suppose it shouldn't be an issue?, but of course, I'm not sure exactly how you trade. I hope it's not too disruptive for you.

Why can't brokers ever implement a new policy that greatly increases the convenience of stock trading?


Good luck with your trading, and with life in general!

Shawn (ottoman)

[cintrix]

I just got off the phone with them. Here's the deal. It will only do this on the website. The balances on StreeSmartEdge will remain intact and show the actual number. The reason they implemented this is to help make sure people don't over extend themselves and understand the potential of what could happen if every buy order hit. I think Schwab wants to hold people's hands.

[cintrix]

The buy hasn't settled yet either! Especially when there is no buy! There is no buy or sell - it's just an order. If it executes that's a different story.

[BullNBear52]

Why aren't they upping your balance when you put in sell orders?

Because your sell hasn't settled yet. That would also be an extension of credit to you the seller.

As I said I think they are getting nervous about people day trading and leaving them short at the end of the day with buys and sells.

Present company excluded since I think you know what you're doing.

[cintrix]

Yeah but that's a little different. You swipe the credit card when you are making the purchase. You put in a buy order when trading, you are not buying it until it is executed. Why aren't they upping your balance when you put in sell orders? Same thing! It's hypothetical until it actually happens.

[BullNBear52]

They are getting nervous since it could be seen as an extension of credit even though the trade might never execute.

Banks do the same thing with card transactions and immediately deduct the swipe to show you that it is pending and then show the available balance.

Considering everything going on with banks today they are just tightening the screws.

[cintrix]

You see this? Schwab is changing the way we reflect open orders within balances

We’d like to make you aware of an upcoming change in the way Schwab reflects balances in your account(s). On May 12th, trading and move money balances will reflect open orders.

What this means for you.
Balances will reflect open orders that, if executed, would decrease funds available for trading or cash withdrawal. Please take this into consideration when placing future orders.

What is the purpose of that? If the order is open but not executed why would they be deducting it from your balance? I use multiple orders daily - sometimes well below the current price just for luck sake. By doing this it will drain my balance.

[cintrix]

Just used StreetDumbEdge first time today and added to an already existing position and it updated ok. Fingers crossed but I doubt it is fixed. I've seen it do this randomly. One day it works fine another day it doesn't.

[cintrix]

Ok, I'm glad you figured it out. So what was happening was that if I bought or sold something with multiple lots it would make those lots disappear after the buy or sell and just lump all of them as one position in terms of how many shares and not have any info regarding cost basis or dates. I haven't used the platform today - just traded a bunch of times out of Etrade, not Schwab so don't know if it is fixed yet or not.

[ottoman]

In that platform under positions if you click on that grey arrow under the symbol it opens up all of your lots - tells you when you opened the position, how many shares, what you paid and the date.

Oh ok, shows what I know lol. I still don't see a "grey arrow" under the symbol.
Not that I need lot info, since I trade through the schwab.com browser-based web page.

Here is a little snippet of positions on streetsmartedge that I see. There isn't an area under the symbol. I would probably have to click on settings, and add info. but since I don't use it, I won't mess with it.

EDIT: wait a sec, what I'm looking at is the "watchlist" of my positions, apparently not the actual list of positions (number of shares etc). so I'm an idiot. disregard all the rest of this message lol
OK, I see it now. I had to go up to "tools" then account details, then positions. lol. Like I said, I only use streetsmartedge as a live streaming watchlist, so it didn't even occur to me to use it for other information

[cintrix]

It was showing on the website but not on the platform Streetsmart from which I trade off of. So in order to see any updates I'd have to go into the website.

In that platform under positions if you click on that grey arrow under the symbol it opens up all of your lots - tells you when you opened the position, how many shares, what you paid and the date.

Hopefully Sink or Swim works better! Makes me think and not sink! lol

[ottoman]

"Sink or Swim" lol. re: StreetsmartEdge, I only use it for the watchlist live stream data. Honestly, I'm not sure I'm following you. I don't even know how to see cost basis lot data with streetsmartedge, I use the Schwab.com website for that info.

Under positions, (in Schwab.com) it doesn't show updated cost basis, and lot info? (right after you buy or sell shares?)

for example, I bought 11 more shares of Twlo today:

[cintrix]

Schwab's StreetSmartedge has been a nightmare the past few weeks. When you sell a lot or buy a lot from an existing position not only does it not update but all your other lot positions get lumped into one position with no info attached to them. Also, gain/loss doesn't update. Did a live chat with them last week and they said they see it and will fix it. Today they say they are aware that positions are not updating correctly and I could try shutting down the program, waiting a bit, and then rebooting it. Did that and it did correct, but this is crazy - I have to do that each time I buy or sell something?
I did ask when Sink or Swim will be available for all Schwab customers and she said hopefully by the end of this year.

[BullNBear52]

I don't understand crypto. I'm sure it is the ex-banker in me but I'm sticking with stocks and bonds in USD.

[cintrix]

lol hey crypto has been doing good lately. One problem with some of those funds - for some reason they re-report cost basis. Two years in a row this has happened to me. I get my 1099 from Etrade and then like two weeks ago I get amended 1099. All the numbers on the summary are the same but if you go to the last page of the 1099 there is an adjusted cost basis for certain funds. And it's always a very small amount of like -20 or -50. But you have to report adjustments to investment sales and subtract (or I guess add if it is a positive number) from the reported amount of the cost basis on an entirely different line. It falls under (NMWHFIT) or Non-mortgage widely held fixed investment trusts. This year I got one because I had traded Grayscale Bitcoin.

[BullNBear52]

Or donate the money to charity and take the tax deduction!

[cintrix]

You could also get involved with crypto via ETF stock funds like BITO

[Hen]

Many Thanks…

[BullNBear52]

I believe this is your safest place.

https://help.coinbase.com/en/coinbase/trading-and-funding/buying-selling-or-converting-crypto/how-do-i-buy-digital-currency

Good luck.

COIN

[Hen]

How do I buy crypto?