Author Topic: Stock trading online  (Read 1830 times)

Offline cafeboy

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Stock trading online
« on: June 03, 2009, 08:13:38 AM »
Ok,
So who here buys and sells stock online ?
How has it worked for you ?
Who do you use ?
stock tips ?

Thanks
Dennis
cafeboy
« Last Edit: June 03, 2009, 10:31:42 AM by cafeboy »
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Offline DoD#i

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Re: Stock trading online
« Reply #1 on: June 03, 2009, 11:17:45 AM »
Not really.

Fine, the way I do it.

The transfer agent and direct purchase or dividend reinvestment plans. Not good for gamblers who need to buy or sell quickly. Nice and cheap for long-term investors. Pay attention to costs - some are cheaper than others.

When gambling, know that you are gambling, and be prepared to have the possibility that you might as well have put the money in a bushel basket and lit it on fire. But your odds are at least a bit better than the lottery (aka the tax on people who can't do math.) This might be a bit more obvious after last fall, but people are suckers for the "sure thing" - in reality that would be strictly limited to things that are really fairly sure, such as boring, low-yielding certificates of deposit, not stocks, and certainly not "stock tips". Don't put all your money in one company, or one sector of the market or industry. Spread it around, so one or two things going south can be offset by other things going north.

Personal bias - invest in companies that pay dividends. You can reinvest those, or not - but in my long term tracking, companies which don't pay dividends or pay low dividends (claiming they are reinvesting it all in the business so the stock will be worth more) do worse at share price growth (their supposed advantage) than companies that run well enough to produce a dividend. And you can always re-invest the dividend if you want "more growth", or take the dividend and invest it elsewhere if you want more diversification.

Beware of stocks that are not making more per share per year than they are paying out in dividends per share per year - that math does not hold up, and means the dividend won't, either.

Beware of brokers - they only make money when you make trades, so buy and hold is not going to be their advice. Some of the dividend paying stocks I've held for 20 years are now paying me 25% interest (on what I have invested in them - 5 or 6% on what they are now worth, which is a lot less than they were in 2000, but that's water under the bridge.)

Also the advice everyone likes to ignore - buy low, sell high (if selling). When the market tanks, it's time to buy - the last 6 months were good. Of course, you have to take the long view, as you can't tell where the bottom may be, and some companies will crash and not come back. Steady investment of fixed dollar amounts has the advantage of buying more when prices fall, less when they rise - but you can still lose money on it when a large crunch occurs.

The other advice nobody seems to give, and people ignore - beware of "getting out before you lose too much" - don't be in a situation where you have enough risk involved that you can't just bushel-basket the same money (and pre-emptively reduce your risk before anything bad happens if you can't do that), and when the market crunches, ride it out. You have 4 things, and only two of them are real - Money invested (real) paper gains (price higher than when you bought), paper losses (price lower than when you bought) and money from sales (real). If you have a large paper gain and then sell, you have actual gains. When you have a large paper loss and then sell, you have actual losses. When you have either and don't sell, you have the potential for change in either direction. Getting squeezed into taking a loss rather than riding out dips is an expensive way to go - put the money in CDs at an FDIC insured bank and you're much better off.

Keep good records - you'll need purchase dates and amounts and sale dates and amounts at tax time, minimum. But it's good to keep a handle on what is happening by tracking at least number of shares, what you paid (basis), what they are worth, what they pay for a dividend if any, your net gain or loss, the equivalent "interest rate" of the dividend to your basis and by the current value, and your percentage gain or loss.

Dudes, I'm so clearly not a financial professional that it should be bleeding obvious. But as they say (and everyone ignores) my advice is essentially worthless, as the market will do what it does, and what it did in the past may not have much to do with what it does in the future. You pays your money and you takes your chances.
« Last Edit: June 03, 2009, 01:21:10 PM by DoD#i »
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Offline TheGoodGuy

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Re: Stock trading online
« Reply #2 on: June 03, 2009, 04:38:45 PM »
I use sharebuilder from ING direct but you can use anything etrade, scottrade etc etc.

I use sharebuilder cause ING has my savings acct and cd and what not.

Its 9.95 a trade. Its best with sharebuilder you can buy part shares so you get stabiltiy. So I put every month 50 towards part shares of mutual / index funds. Then I buy whatever I want. I bought Ford @ 1.50 I am way up already. I just bought 28 shares of GM  today cause i noticed I got like 25 free bucks for signing up ..

My primary investments will be CD's, Saving Accounts, a bit in stocks and a bit in the Roth IRA. I contribute to CalPERS and I will start up on the state 401K thing but I think I rather do sometihng else than the state one.. we'll see.

I am putting little bit at a time, the govenator took 10% of my pay and is threatening another 5% so i cant really afford too much.
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Offline DoD#i

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Re: Stock trading online
« Reply #3 on: June 03, 2009, 06:21:47 PM »
Virtually all DRIPs and DSPPs deal in fractional shares. Many are no-fee to buy, or fees lower than $9.95

If you put in $50 and you're paying $9.95 to trade, you only buy $40.05 worth of stock with your $50 - that's a piss-poor deal. The highest priced DRIP I'm in right now would only take $3, and the lowest would take nothing.

As for buying shares in a company that's filed for bankruptcy, not a direction I'd take - the usual result of bankruptcy is that the stockholders end up on the extremely short end of the stick, right about where the bushel basket and a box of matches would get you.
« Last Edit: June 03, 2009, 08:55:31 PM by DoD#i »
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Offline jhutch2115

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Re: Stock trading online
« Reply #4 on: June 03, 2009, 08:27:24 PM »
My only advise is to get real heavy into how the stock market works and be carefull of day tading. I used to provide individual and group therapy for people who live with compulsive gambling issues and a few  of them got into gambling through day trading, and lost everything! Become an expert in this arena becareful of those experts on TV, remember the people who claimed there was no housing bubble. Everyone has an agenda!! Make decisions based on evidence and not hunches, i.e. I feel lucky with this one. I too am  not a financle expert, just someone who has whitnessed others falling into the day trader crap shoot! -- JIm :)   
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Offline Jughead

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Re: Stock trading online
« Reply #5 on: June 03, 2009, 08:35:07 PM »
I use Sharebuilder.Monday morning I woke up to a big Suprise. :D at least a $1200 Suprise. :D :D
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Offline spc

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Re: Stock trading online
« Reply #6 on: June 03, 2009, 10:28:10 PM »
The only 'investing' I've done was shorting T-bills through a gym friend/investor.  That worked out rather nicely.

Offline yamahonkawazuki

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Re: Stock trading online
« Reply #7 on: June 04, 2009, 05:00:14 AM »
a small hedfund im invested in, as well as looking at put options on ford and other automakers. stand to be a win win there. also looking at metals now. looking over the 10 year averages no gold and silver
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Offline TheGoodGuy

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Re: Stock trading online
« Reply #8 on: June 04, 2009, 10:54:54 AM »
Virtually all DRIPs and DSPPs deal in fractional shares. Many are no-fee to buy, or fees lower than $9.95

If you put in $50 and you're paying $9.95 to trade, you only buy $40.05 worth of stock with your $50 - that's a piss-poor deal. The highest priced DRIP I'm in right now would only take $3, and the lowest would take nothing.

As for buying shares in a company that's filed for bankruptcy, not a direction I'd take - the usual result of bankruptcy is that the stockholders end up on the extremely short end of the stick, right about where the bushel basket and a box of matches would get you.

I need to check into this. i was under the impression that I dont pay the 9.95 per trade for reccuring trades..umm i need to check.

Okay I just checked it. I am not paying for the reccuring trades.

6/2/2009     BUY     ORDER POSTING     SPY     0.2633     -$29.00
6/2/2009    BUY    ORDER POSTING    AGG    0.1688    -$21.00
6/2/2009    ACH    ACH DEPOSIT - PLAN          $50.00

Sharebuilder is 9.95 a trade if you are buying shares outside of sharebuilder's automatic plan, like i bought GM. I know GM was a bad buy but hey I had 30 bucks sitting free in teh account might as well use it for something cheap, if i lose it, dont care.
« Last Edit: June 04, 2009, 10:59:26 AM by TheGoodGuy »
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Offline Cal Price

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Re: Stock trading online
« Reply #9 on: June 04, 2009, 03:36:24 PM »
If you feel the need to ask advice don't try your hand at "trading" particularly "day-trading" You need to watch the markets for a long while and get some kind of handle on them before  you start that.
INVEST by all means, don't think of it as a get-rich-quick scheme - if it was that easy we'd all be rolling in it. I started about 30 years ago and bought into things that I studied and felt good about, as you build a portfolio make sure you get a good spread and think long term. If you like set yourself a stop-loss price - for istance if you pay ten currency units you might want to set a stopp loss around eight units, you may decide to hang on to the roller coaster and see where it goes. (often south!)
Similarly you might want to set a profit target of a certain level to sell at. One of my assiciates adhere stricktly to this principle. I tend to look longer and harder and hang in, during my investment career this has worked both ways with one total wipeout and a couple that have doubled, then I sold half and I'm on a free ride thereafter.

Remember it is NEVER WRONG to make a profit even if advisers say that the stock will go higher, they may be right but once you take your profit it's in your pocket and that can't be bad.

Another "golden"  rule is NEVER EVER take advice from me! - when I retired at the end of 2005 I cut my portfolio down to six stocks that I thought were safe, your priorities change when you retire - two of them were banks - one has melted! That's life.


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Offline cafeboy

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Re: Stock trading online
« Reply #10 on: June 04, 2009, 03:43:30 PM »
Thanks to every one.
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Offline Jughead

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Re: Stock trading online
« Reply #11 on: June 04, 2009, 09:29:12 PM »
Dennis look into Pharmaceuticals or Bio Pharmaceuticals. they have been doing very well the past week.Sirius Radio may be a good one to watch.Right now I have all of my money into Keryx Biopharmaceuticals. :thumb: It has dropped the past few days but Gained from .70 Cents Friday up to $1.40 Monday. :icon_eek:I sold at $1.38 but bought back the Next Morning when the Price was down.Got a few extra shares but it's still falling.

#1 I just about starved putting $800 into stock last winter when I was barely working.The reason for this is because I decided I was tired of being Poor.I figured what the Hell If I make Money OK.If I lose it OK.I worked for a guy one time and he told me and my uncle that if you wanted to make money all that you had to do is use your Head.Sometimes you win.Sometimes you lose.If you lose try Again.He made Multi Million dollar Mistakes but he still made Money in the long run.
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Offline spc

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Re: Stock trading online
« Reply #12 on: June 04, 2009, 10:09:53 PM »
I'm watching HAL, they peaked last year and came crashing down with the rest of the world, but they are WAY too well connected to not climb back up..........I'd guess next summer you'll see over 40 with them.  KBR is also on the rebound and there are rumors that the whole phase out of 'blackwater' into 'xe' is going to be complimented by going public.     

Offline yamahonkawazuki

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Re: Stock trading online
« Reply #13 on: June 04, 2009, 10:11:23 PM »
i bought into the hedge fund im on right now at 250, its almost tripled in 4 mos now looking at metals , aka warren buffet style :)
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Offline spc

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Re: Stock trading online
« Reply #14 on: June 04, 2009, 10:34:17 PM »
Slightly off topic: does anyone else get the overwhelming urge to violently murder Jim Cramer.  His voice is worse than Billy Mays, but at least you know you're getting pure crap with Billy.

Offline cafeboy

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Re: Stock trading online
« Reply #15 on: June 05, 2009, 05:56:14 AM »
Slightly off topic: does anyone else get the overwhelming urge to violently murder Jim Cramer.  His voice is worse than Billy Mays, but at least you know you're getting pure crap with Billy.


HAHAHA +1  :thumb:
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Offline cafeboy

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Re: Stock trading online
« Reply #16 on: June 08, 2009, 01:14:03 PM »
GM went from .61 cent to $1.09  :woohoo:




edit: make that $1.21   :woohoo: :woohoo:
« Last Edit: June 08, 2009, 01:30:11 PM by cafeboy »
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Offline Jughead

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Re: Stock trading online
« Reply #17 on: June 08, 2009, 08:40:38 PM »
I thought About buying into GM. :technical: Sold the Keryx Stock Friday and it soared back up to $1.52 at Opening this Morning. :technical: :technical:
« Last Edit: June 09, 2009, 07:07:17 AM by Jughead »
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Offline Jughead

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Re: Stock trading online
« Reply #18 on: June 09, 2009, 07:09:44 AM »
Keryx back down.Sharebuilder Hasn't Cleared my funds from Selling Friday. :technical: GM Up to $1.50.  :technical: :technical: :technical: Wish I had bought $1800 worth of GM last week. :mad:
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