RE:RE:RE:RE:RE:seriously?
ss I trade through credential direct. for those who know them they will know these conditions have to be met to get the $8.88 trades that they brought in (really no choice for any of their clients): (1) 15k or more in assets no trades required (2) $100/month given as assets in the bank no trades required or there has to be at least two trades every quarter to avoid a fee of $25 for not trading. There is a total of 8 trades but one can't do them at their convenience when prices are beneficial to them it is fixed. I was a buy and holder and paid really high commissions because I phoned them in otherwise there was around a $5 difference for doing trades online. When the banks dropped their rate to $9.99 in order to compete Credential came up with the above scheme. Now CIBC is around $6.95 but others I have been noticing are around $9.99--I hope that Credential doesn't increase the asset amount from $15k as well as the trade numbers every quarter. Hence why I said what I have. I don't have money sitting around to inject into the market so that leaves a few options--leverage with what I have, inject what I am planning will be around $25 worth of equity and commission so in this case let's say at .04 to make it easier--I would buy 400 shares for $16 plus 8.88 = 24.88 which is still cheaper than $25 no trade fee and I still get stock which can possibly make money--but here is how things are working core of 3,000 pick up 400--try to save as many shares as possible so wait for the longest time that I can which is somewhere towards the end of any quarter--stock is up to .05 and needing to meet trade requirements and not wanting to inject more money yet--sell 200 so you could say I am net 200 or if the equity goes down say to .03 and I am nearing quarter's end sell 300 then I am net 100. I will do this throughout the year where I am looking to spend about $75 max in this manner that way I buy sometimes and sell sometimes with the hope to keep as many shares as possible conversely like I said I could also leverage against what I already have and that is also part of the plan if need be while again keeping a determined core--it will all be calculated so at this point while the market is taking a you know what kicking I am just trying to limit my losses as well as amounts of money being injected. Almost any stock right now will make money as they are all beaten down absolutely badly but you will need to hold them. I like tng because I think it has excellent potential in regards to risk to reward and for its price--probably the one I will mostly buy but there are more which have been nailed and if they get nailed to this rate I will split. I always base my strategy on bulk/volume of promising stocks vs higher priced stocks (i.e. right now ib is about 2X the price) it hasn't been moving anywhere but south so tng is the better option although I think ib's value will come in a buyout albeit low end. The other equity which looks decent is mbo--ss I know you know this one and miran has a field day trading it--why he is with credential as well. but even if tng remains twice as costly as it usually does I have way more faith over here than with mbo although its pretty beaten down and can get my objectives met as well as I believe it should move up at some point. Everything is measured and calculated with the hopes that I don't continue to be a bag holder which I am for pretty well all my stocks but one--pretty well at this point 50 or so percent down on all my holdings and definitely not wanting to make any major sales or purchases just those that have been talked about although like I said there are several stocks I would love to buy as they are beaten down but I can't really afford them--as I am looking for promising pennies from .02-.10 and will not pay above that as I think we are seeing a crash which can be similar to 2011 (i.e. espial esp got nailed within around that time to .30 I bought in and averaged out at .75 and stupidly sold all my shares at around $2.25 for pennies which have been destroyed and despite esp trading where it is I would still be 3 plus times up on them whereas every share that I exchanged them for I am about 40-80% down.) I will be looking for the esp and the main traded exchange stocks within the price points of .25-.50 and maybe as what I did to get my initial espial trade off some shares in natcore if they are trading higher and still haven't commercialized although I have stated I will hold them through until year's end 2016 but if something like espial comes along again who knows maybe I will change my mind as when I did with natcore I was laughing for when I had my espial shares before exchanging some back for my natcore shares again. In any case, one has to start calculating and play numbers and viable projections not look for blue in the sky potentials that may or may not happen--take profit if and when you see it at least on some of your holdings--ss you and my cousins told me this and while I heard I never did (not saying I didn't hear but didn't listen and it is biting me in the backside especially natcore well in fairness to natcore qsolar went bust, eguana kept and keeps getting screwed by their partners but really is not a bad stock, ib same as eguana--working with LM yet gets lousy initial contracts and is bleeding money, and poet which like natcore has absolutely nothing out--all of which resulted in the fall of all my espial shares!!!!) like I said and looking in hindsight really bad move and have been regretting it!!! Nevertheless, I got volume of what are otherwise worthless shares right now but if fortunes change and they outpace espial all would more or less be forgotten although if the objective is to make more money sooner than no matter what I will always be behind in this regards--grr. live and learn--you can only always do your best and as stated everything is always clearer in hindsight but if one has a viable and calculated strategy that is always the key. have a good weekend everyone. glta