Recent content by Bigmak

Given the mess in the financial sector, would anyone say that NOW is a good time to take a buy and hold position in a canadian bank. In specific I'm looking at CIBC (CM), whose stock has been nearly halved. Seems to have stabilized and is left with a lot of room to grow and recoup losses...

I'm a canadian trading Nasdaq stocks and I'd like some information regarding tax laws in my case. Can someone let me know if they're knowledgeable in this area? Thank you

That was my first thought, but then I thought...HEY!...why not bother the good folks at Elite Trader first....haha. I'll probably give them a call tonight or tommorow though. I'm just one of those people who likes to get all info, from all angles before I do anything.

I'm a Canadian citizen, living in Canada. I'm trading the Nasdaq. I've been requested to fill out this W-8BEN form by May 15th. Can you tell me why I'm filling this out?...and also, how I'm supposed to fill this out? Thanks a bunch

Yes, there is an option to setup a paper trading account in the account manager, but I just wasn't sure if it would work the same with the Futures...the Mini Crude to be specific. I guess I'll have to give interactive brokers a shout.

Thanks for all the info. I'll be reading up for a while by the looks of it. I have no plans on rushing into it. One thing that would be great though is to paper trade with a sim program of some sort. Does IB have futures paper trading? Any recommendations for paper trading? I'd like to...

Ok, so in short, just to keep things simple. I can still do the usual long and short buying of shares, except that now they will expire at some point. If I didn't sell my shares and they went all the way to the expiry date...would I then be automatically closed out of my position at that...

HAHAHA...no no...I was just saying that I don't get the point of having time limits. I certainly wouldn't be holding anything for years, maybe a week at the most. The way the oil moves I was thinking more like a couple days at a time. Anyway, I need to sleep. Hopefully I'll wake up in the...

Right....I actually did know that. But what's the point of having an expiration date on a price? Why can't the price just continue on indefinitely? Also, why purchase a contract that's dated 4 months in advance and doesn't have any relevance to what the current price action is? Or even the...

Like I mentioned in the first post, I've never touched options either. So I don't know exactly how they differ from what I'm doing now. OIH looks pretty good, and it seems to follow the oil futures chart closely. I guess it's just weird though to look at it priced at $140 a share, when I'm...

Thanks Futures look very interesting. Thats what I'd really like to get into, but I don't have the slightest clue about them. If April Crude is sitting at a price of $60 and I think it's going to go up, can I just buy in at that price with a long position and then sell when it hits $64...

I've never done any options trading or futures, or anything outside of the simple world of going short or going long with a block of shares. I'm really interested in commodities though. What I'd like to do is continue the same short/long game, but trade the oil prices instead. Point me in...