holy smokes could stock trading be anymore confusing.
i just got off work, they said my trade didn't work because i have a registered account, and i need a non-registered account to trade OCT stocks (i forget wht the stocks were called)
right now i have some tax free savings account (registered)
should i make a non-registered account?
Thanks lol
Sean
Bill, et al--
Alright, my Friday maneuvering is complete. I feel like I'm entrenched in these stocks about as well as I am comfortable with:
1. Sold off about 35% of my SIRI stock. I'm tired of watching paint dry. Made 25% profit, so I am not complaining.
2. Took said money and increased some other holdings.
3. Increased my BEHL shares about 40%.
4. Increased my MGLG by 50%.
5. Increased my BCLE by 40%.
And, I'm set.
hey,
it says the individual account is "margin" - i don't want to borrow money i just want to use my own money (cash) to buy stocks :S
why does it say margin
and do i need to pay interest or do i just use my own cash man this sux :/
Hey BillOriginally Posted by billhart22
I can answer that about BCLE. It is just idling right now. It is going to take off like a rocket here in the future. BCLE will be huge.
It is a slow day, I had sold off my lvlt position and was going to increase
my ocnf , but have been sitting on the side lines...
I did buy some (bcnd) they are looking like the the little red train right now...
I am currently holding all penny's (bcle,mglg,behl,bcnd,jnip,amne) can you believe it...!!! lol...
another fine mess you have gotten me into, Olly.....ROTFL...
Oh well beats driving nails....enjoy your day..
do you guys all trade w/ margin accounts? (and have to pay interest when you buy stocks?)
Hey GoHerd...I'm doing the same thing. Just waiting to squeeze a few more dollars out of my Siri....hopin' and prayin'.
:S does any1 know any other stocks that aren't OTC stocks that could be good long run :S (besides ssccq, i'm watching tht
or websites tht are good for non otc stocks
do u guys buy non otc stocks?
what about gmgmq?
That will take at least 15 days to do, lol.
Just sell your SIRI at market price and get on with life.
It feels good.
Sean--
You really, really should call the customer service number for whatever brokerage you're using, and ask them for help. They know how to help you much better than we can, with regards to setting up your account.
Hang in there...you'll be in the fray with the rest of us very soon.
Yes probably, if its a tax free account, you will need to move it to another account or change it.
Don't ever trade on margin, unless you know exactly what you are doing. If you borrow money on margin, you have to pay out either a percentage or, interest on the amount you borrow.
Welcome to Hell!!!
Hey Bill,Ray,Tony!!
Bill, did you see RAMS today?
^%&^*(*&((!!!!!!!
Have a good one guys!! I will try an jump in this weekend with my thoughts, for what its worth HA HA!!!
sean,
I think i can only answer one of your questions. Im pretty sure the idea behind margin is, they let you trade on margin and put your money in a money market account while you trade. which is basically like a savings account, and you make a tiny amount of interest on that money. It is a good thing so dont worry about that.
You should just call them and let them explain OTC trading to you. After all, YOU are the customer and they will do everything they can to make sure you start trading and spending money with them. TD ameritrade was really cool with me even though i am a beginner.
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