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Friday, May 02, 2014 2:29:06 PM
Me, I would ask for ST to adjust the fees retroactively, act like you feel all victimized ... as you said, come at them nicely ---- make it sound as if you're considering moving to another brokerage -- you never know you might get a few hundred back
If you are doing at least 5 trades a month, and have had your account up to 2 years, then ask for an overview of your fee structure. But if you are not paying much more than 13 bucks a trade, don't ask yet!!
As far as refunds go, they can't not b/c of sec rules, but b/c of IRS!
Once you have a trade it has a tax lot id#. Every one of these are reported to the IRS each year, and you will see all of your tax lots for the year on the papers ST sends you if you opted for paper reporting.
You can also go into your ST account, click on my account, account history, and last>> confirmations to see this:
Confirm Trade Date Settlement Date Tax Lot # Symbol Description Net Amount Avg. Price
View 4/30/2014 5/5/2014 20140430XZD8471 COWI Bought 14,800,000 COWI @ $0.0003 $4,449.99 Yes
On finding what to flip, do you have a twitter account? If yes I can give you a good list of peeps to follow that give great tips on where to start looking for new trades.
Right now #MINE is the best flip I have ever seen!
Put it into your watch list on your streaming. Now go down to the chart and bring up MINE for the last 5 days, then 10 days, then 20 etc. Do you see a pattern????
You have to learn to see when it goes up, and when it goes down EVERY DAY, see the time it takes to go up, and go down. Watch for that same pattern, most days last few weeks was the first 30 minutes of trading, and the middle or so of the day!
Pick out a high to sell FAST...then watch for a reentry on a bottom bounce, and get back in fast.
Finding the sell point and entering a sell is fast, but you have to have your calculator ready on the PC or in your hands to make on the fly FAST chasing changes to get your buy back in at the lowest point possible, to make the biggest spread to increase your share count.
Then wait for the settlement day, and rinse and repeat. I flip every 4 days on one of the stocks I'm holding for free shares. It only costs you a few bucks to increase your share counts.
I started with only 200k shares of #MINE, I now have almost 6 million just from flipping since I got in may of 2013.
Pick a stock, except for #COWi right now, its not moving much. You need a stock that goes up and down to flip it, got it?
Wow what a slow day for #Cowi, lowest trading volume day I have seen in a long time.
Anyway GLTY, I hope this helps you.
Go COWI, JMHO
Dave
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