Penstock

@MichaelGoode Hi Michael i hope your new years went well... i have a few important questions i wanted to ask you to get your opinion on. In the application process with Interactive brokers what market data subscriptions did you sign up for stock trading? and how much would it cost per month? and my last question is when you signed up for interactive brokers did you pick "fixed" or "tiered"? I appreciate your time Michael and all the help you have given me now and in the past.

MichaelGoode
MichaelGoode Jan 09, 15 8:38 AM

Get the level 1 bundle and NYSE and Nasdaq level 1, and Nasdaq Totalview. Tiered is usually cheaper

Penstock
Penstock Jan 12, 15 1:17 PM

Thanks for getting back to me so quickly! I really appreciate it. Also I wanted to know do you hang out in the tim alerts chat room?

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Penstock

@MichaelGoode Hi Michael, i hope your weekend is coming along well. I was looking at IB broker, but i heard that their charts are not that good, i wanted to know what do you use for chart? Thanks fro your time Michael,

MichaelGoode
MichaelGoode Nov 24, 14 7:51 AM

I use Speedtrader Pro (DAS Trader Pro) for charts. Although I don't like IB's charts they do work and I did use them in the past without problems

Penstock
Penstock Nov 24, 14 7:40 PM

@MichaelGoode Hi, Michael. thanks for getting back to me so quickly, much appreciated.

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Penstock

@MichaelGoode hi Mike, you are a great teacher, i have learned a lot from you about SEC filings, and a few days ago i started looking at this stock who is a small company, selling a light to grow pot and a vaporizer, they kept on jumping up and down from .18 to .14 and back and after looking at thier balance sheet which said they have -107k and it grew for the prior year and other negative information about their company at quick glance and then shorted at .18! expecting it to go a bit down even to.16 im still in the trade now put 2500 down i started o do research after the market close and i couldn't find 1 SEC filing on them, except of a company with almost the exact name who was a huge company i felt like they were hiding behind this company maybe even a scam stock, what does it mean if a company doesn't have an sec filing? is my question, thanks for your time Mike and all the knowledge you share with those who are ready to get down and dirty and put the time and effort to learn what your saying and apply.

MichaelGoode
1
MichaelGoode Aug 01, 14 2:41 PM

Well some OTC stocks aren't SEC filers. They may file some documents with OTCMarkets.com -- so check them out there

Penstock
Penstock Aug 03, 14 4:18 AM

That was really helpful, I did find filings on there, thanks Mike.

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Penstock

@MichaelGoode Hey Michael, im new to penny stocks, i wanted to open a small account with suretrader because tim suggested it on his site, however, i did research and found out there are many hidden fees and people are having trouble getting their money back, i live in canada and i only have 500-1000 to trade, i have been looking for an alternative broker fro a while and cant find any. can you let me know what your oppinion is about suretrader as a broker and if you know of any other brokers whom i can join living in canada who do short selling for penny stocks? thanks for your time Michael.

MichaelGoode
MichaelGoode Jun 27, 14 1:02 PM

@davemac I don't get out nearly as much as I used to. You can't get DAS Pro for free except if you do a ton of commissions (I get it free at Speedtrader because I do over $500 in commisions monthly) -- you would have to do much more to get it free at CP or Suretrader

MichaelGoode
MichaelGoode Jun 27, 14 1:02 PM

@huntermax I did not think you could do that

hmt123
hmt123 Jun 27, 14 1:36 PM

@MichaelGoode on the DAS website they have an option to link your IB accnt. Maybe it's new

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PennyFarmer

Had a bit of a mess up with my paper trading account @ SureTrader. For some reason it reset it's self and I lost what I've done the last couple of days. I don't have the exact numbers but lets just say it was a major fail! I think it was somewhere near a $9,000.00 loss today because several long positions flipped and headed in the other direction. I got to the computer later in the trading day and the damage was done. Oh well... guess the reset was a sign haha. 06/19/14 trading day.

MOTOGUN
1
MOTOGUN Oct 10, 14 10:35 AM

I've had similar problems just setting up an account with their Paper Trading Demo.. I really hope trading LIVE with them is not as bad!

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