Recent content by not4kids

Fundamentally, apple is a great stock to own right now. However, market is very volatile right now and apple may dip under $200 per share in the near future. I recommend you to keep your position if you don't need this $100k in the near future. Of course, your money, your decision.

yeh, you find yourself unwillingly short. It happened to me.

If you trade stocks, you will not believe anything beyond 20 years. 1 year is called long term, 5 years is the infinity, anything beyond 5 years is just for imagination. When people start to be optimistic about things 20-30 years in the future, this is called the beginning of a bubble.

I like this sentence. China will redefine what the market is and that market will be called a market in Chinese characteristics (i.e., a market full of corruption).

Sorry about my 0.5% stamp tax. Whether 0.1% or 0.5%, market participants do not like stamp tax. This number can change overnight. As far as I know, there is no capital gain tax in China right now. However, this could also change overnight.

True, things could change. So could US markets. It is also true that there are more in financial market than stock trading. US has the most liquid futures/commodity markets and the most liquid debt markets, and the most liquid derivatives (such as CDS, interest swaps, etc) markets...

Not a chance. China currently charges 0.5% transaction tax on all stock trading. You cannot day trade any stocks (i.e., you need to hold at least one day). The transaction cost of stock trading is about 1% of your principal. Chinese currency is not even freely convertible. If anyone complains...

I am a happy customer of IB (please do not bash me). I am trying to convert my traditional IRA account into Roth (I have both accounts at IB). As some of us know, IB does not allow internal conversion of IRAs so far. I had to withdraw from my traditional IRA and started to deposit into my Roth...

The number does not add up. We know that the population of America is 300 million. Therefore, the national debt per person is slightly less than $40K. What is the typical size of an American household? Four persons per household is my guess. Therefore, the national debt per household is around...

I requested to transfer about 80% of my money to IB today. I am going to transfer my IRA account completely to IB next month. Obviously this StreetStupid Pro is not as good as CyberTrader Pro, but it still has some nice features that it has inherited from CyberTrader Pro. For example, I like its...

I just found that NYSE is no longer an option to route your orders. That really sucks! Everybody knows that NYSE has the largest market share for NYSE-listed stocks and you will get the best liqudity on NYSE. Unfortunately StreetSmart Pro does not provide NYSE as a valid option to route your...

Thanks for your post. This StreetSmart Pro looks very similar to CyberTrader Pro. But in practice, they are quite different. It is very easy to be mislead here.

Today is my first day using StreetSmart Pro. There are two problems so far. 1. SS Pro does not provide NYSE open book. I guess if you are street smart, you don't need an open book. :-) 2. The buy and sell button positions have been switched. I have used CyberTrader Pro for so long that I...

I was told by Cybertrader that I no longer have the right to specify which venue (i,e. among choices of ARCA, NSDQ, NYSE) to place my orders. Cybertrader system shows that you can choose which venue, but Lehman actually controls where your order will be sent. It seems like Cybertrader is...