MrJohnRoss' Account Talk

[RealMoneyIssues]

Trade 25 times or more in 3 months and you get $5.95 trades

 

[Handballer]

For those of us that trade as a hobby. Making the trade at the right time takes precedence over posting the trade. I think that should go w/out saying. Really no one should be following another members moves in lock-step so just knowing roughly when a trade is made or how the decision to trade is made, is very useful information. I know I post notice after my trade when time allows, so theoretically the same criticism could be levied toward me. Obviously if you are charging for your information the priorities need to change a bit as you have put more on the line by offering a product.

MJR, I think you gave ample information about how you were setting up your sell timing. Thanks for sharing.

There are over 1000 people on the AT, most post nothing about their moves. Thank you to everyone who posts information about the trades/moves they make.

Bought NSRS 1500 shares @.208 - sold all for loss @ .205. Its now trading for about half that.
SNPK 325 shares @.829 - sold 300 for loss @.7389 -- Keep 25 shares to see what happens. They make unbelieval statements about product line.

Others bought recently are ACAD AND FLWS - 52 week high is $3.89 for FLWS

I have many others.

 

[jkenjohnson]

Did anyone buy back in to STVF? I didn't. If you did, you've made over 18% so far today!

This is either a dead cat bounce, or it's heading back up to test the highs again.

Any brave souls?

View attachment 18432

I thought about it, but it dropped so quickly the last time, I thought it was too risky for me.

 

[MaStA]

Trade 25 times or more in 3 months and you get $5.95 trades

Forever or do you have to make 25 trades every three months to continue receiving $5.95 trades?

USAA is good for some things, but you can't buy ETF's through them it seems...at least you can't buy TNA through them. I'm going to be opening another account with another brokerage company soon...I'm just researching them here and there to try finding the best one. Fidelity seems to be pretty good from what I can see...

I just like how with USAA I have my checking and one of my savings with them so to invest money from there is easy. I'm guessing with Fidelity and the others you have to do an ACH transfer which takes a few days and then you can invest the money. Is this correct or is there somehow a faster way to get money from a checking/savings into a brokerage account quicker for investing?

Thank you all!

 

[jpcavin]

Forever or do you have to make 25 trades every three months to continue receiving $5.95 trades?

I believe it's a rolling 90 day.

 

[Mapper]

That's an awful lot of trading. I would worry about making inappropriate trades just to get the discount..."penny wise pound foolish" sort of stuff.

Wells Fargo brokerages offer 100 free trades/year and you can hold multiple accounts, It's called a PMA account. I have a trad IRA, roth IRA and taxable brokerage which gets me 300 trades per year. It costs $30/month but the fee is waved if you hold over $25k in all your linked Wells Fargo deposit accounts. Trading platform isn't the best (namely no afterhours) but it works well for me.

 

[MrJohnRoss]

I'm using Fideltiy for my 401k, but it's funded through direct payroll deductions from my employer.

I'm also using Schwab for our IRA's, but am planning to DCA into them directly from my bank.

Both charge about $7.95/trade, but I don't trade too often. There is no problem using either brokerage for trading ETF's.

Hope that helps!

 

[MrJohnRoss]

Unemployment in the Eurozone reached 10.8%, it's highest level in almost 15 years in February, with more than 17 million people out of work.

The jobless rate in Germany held steady at 5.7 percent, while unemployment in southern Europe rose from already high levels, reaching almost 24 percent in Spain - the highest in the EU - and 9.3 percent in Italy.

Link to story HERE.

 

[MaStA]

I'm using Fideltiy for my 401k, but it's funded through direct payroll deductions from my employer.

I'm also using Schwab for our IRA's, but am planning to DCA into them directly from my bank.

Both charge about $7.95/trade, but I don't trade too often. There is no problem using either brokerage for trading ETF's.

Hope that helps!

Thank you JR. Have you used any of the "free tools" they provide with having an account through them? I like download apps on my iphone/android ported HP Touchpad and messing around with things. I also like being able to access trading functions through an iphone app on the go, etc. USAA has an app that you can use for stocks, but currently you can't do anything with mutual funds on it for some odd reason.

 

[MrJohnRoss]

CNBC Headline: Massive Wealth Destruction Is About to Hit Investors

Investors, particularly those in the "well-to-do" category, could lose about half their total wealth in the next few years as the consequences pile up from global government debt problems, says Marc Faber, author of the Gloom Boom & Doom Report...

(yeah, but not if you hold the right assets... in fact, you could MAKE a lot of money).

 

[MrJohnRoss]

Thank you JR. Have you used any of the "free tools" they provide with having an account through them? I like download apps on my iphone/android ported HP Touchpad and messing around with things. I also like being able to access trading functions through an iphone app on the go, etc. USAA has an app that you can use for stocks, but currently you can't do anything with mutual funds on it for some odd reason.

I believe they both offer smartphone apps, but I haven't tried them out yet. I like to do some chart analysis on a big screen before pulling the trigger.

 

[Mapper]

Be careful if you want to do active trading w/ mutual funds. Many funds don't let you sell w/in a 90 day period (or similar) w/out incurring an early redemption fee. I got burned with this when I sold some funds and moved to cash at ING ($45 fee per fund!). You can often get around this if you move to a fund in the same family, but it doesn't allow you to go to cash. This is one reason I completely absolved myself from mutual funds.

 

[MrJohnRoss]

Be careful if you want to do active trading w/ mutual funds. Many funds don't let you sell w/in a 90 day period (or similar) w/out incurring an early redemption fee. I got burned with this when I sold some funds and moved to cash at ING ($45 fee per fund!). You can often get around this if you move to a fund in the same family, but it doesn't allow you to go to cash. This is one reason I completely absolved myself from mutual funds.

Agree! I hold a small percentage of my assets in an index fund, and the rest of my money is in a brokerage account where I can trade stocks/ETF's as often as I please. There are a few mutual funds that you can trade in and out of, but I prefer not to have to keep track of whether it's been 30, 60, or 90 days depending on which fund I bought to see if they're going to send me a warning letter.

 

[MaStA]

After some more searching it seems Scottrade has $7.00 trades which is even cheaper... :nuts:

Damn I'm cheap lol...there are some other places I haven't heard of that may be slightly cheaper, but typically the fine print adds more to the trade price than what they advertise. I just want cheap trades with no annual/hidden fees.

Here are some reviews Online Stock Trading | BrokerReview.org

Seems Scottrade is well ranked and there is a place called OptionsHouse with $3.95 trades that seem like there isn't much hidden about it. Something to do with contracts (I think that is outside of my domain).

Choices, choices...

Sorry to flood your account talk with my babbling. My account talk doesn't get much love so I have to barge into others.

 

[SteelSaving]

I've been looking to tradeking myself...

 

[MrJohnRoss]

After some more searching it seems Scottrade has $7.00 trades which is even cheaper... :nuts:

Damn I'm cheap lol...there are some other places I haven't heard of that may be slightly cheaper, but typically the fine print adds more to the trade price than what they advertise. I just want cheap trades with no annual/hidden fees.

Here are some reviews Online Stock Trading | BrokerReview.org

Seems Scottrade is well ranked and there is a place called OptionsHouse with $3.95 trades that seem like there isn't much hidden about it. Something to do with contracts (I think that is outside of my domain).

Choices, choices...

Sorry to flood your account talk with my babbling. My account talk doesn't get much love so I have to barge into others.

Please don't apologize for your questions. This is how everyone learns.

 

[MrJohnRoss]

Why bank stocks could soar even more due to unprecedented gubment manipulation and money printing...

Link to article HERE.

P.S. If you want to leverage this bet, there's an ETF for this: FAS

This ETF has basically doubled since mid December.

As always, use extreme caution.

 

[MaStA]

Why bank stocks could soar even more due to unprecedented gubment manipulation and money printing...

Link to article HERE.

P.S. If you want to leverage this bet, there's an ETF for this: FAS

This ETF has basically doubled since mid December.

As always, use extreme caution.

I'm really liking what I see with those Direxion ETF's. TNA is one of theirs as well.

 

[MrJohnRoss]

Headline: The Federal Government Should Reduce the Size & Scope of the Federal Workforce

"Since January 2009, the Obama administration has added 144,700 new employees to a federal payroll that reached $433 billion in 2011. That net increase excludes postal employees, uniform military and census workers. While the Congressional Budget Office estimates that average salaries of federal workers are only about 2 percent higher than those for similar private-sector employees, average benefits exceed private sector levels by a whopping 48 percent. Even with adjustments for education level, work experience and occupation, the CBO found total compensation, including salary and benefits, was 16 percent higher for federal employees than for comparable private-sector positions...."

Looks like gov't employees are going to continue to be the primary target for trying to solve years of overspending and mismanagement.

 

[SteelSaving]

Caution, my tinfoil hat's coming on here.

Seems like maybe the admin. (maybe in cahoots with Congress?) decided to ramp up new hires, at the time, to help with ARRA and all the recovery in general. Now, the people get PO'ed about the federal budget, out of control spending, etc. Hey, lookie there, we can go after ALL the federal employees now, cutting their pay and benefits to ribbons, then turn around and say we reduced the budget.
Slick lil' devils.