MarkAus

I tried to create an OptionsXpress tutorial video and when I went "submit" the page had an error and lost everything. Hmm. Yay Profitly!!! I'll try to record with something else I guess and put it on Youtube.

Thom
Thom Nov 02, 16 9:17 AM

Hi MarkAus, I am just beginner live in Spain I am planing to open a account with OptionsXpress how is your opinion about this OptionsXpress do you reccomment ? Thank you

delZorro
delZorro Nov 27, 16 2:28 PM

@Thom hola save como se reciben las alertas de tim cuando el entra

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MarkAus

Just a quick update in regards to an OptionsXpress video tutorial; this is still to be done unfortunately I haven't had the time to do so yet. I really think the web needs one. Profitly has a Video Record option now so I'll give it a go. If that fails I'll try to use another video recorder of some sort. If anyone really, really needs info or could use the tutorial asap let me know. Cheers.

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MarkAus

Some interesting trade news tonight. $ASTI boomed due to earnings news which I totally failed to take advantage of until too late. Classic emotional trading at its best. I'm learning though. Still, I got out damn quick and was happy... until I saw the fee's OptionsXpress charged me. Holy cow turd. Nearly $200 taking a tiny loss into a big one. Funny enough I've been inquiring with eTrade on switching over so this just convinced me to do so. My % is getting worse but only because I fail to take advantage of the good setups. Need to trust my plans more!

MarkAus
MarkAus Sep 04, 15 3:34 AM

Nah man I havn't heard of them. Personally I would stick to DVD lessons and books. Subscriptions and watchlists are fine if you have the skills to trade well. My 2 cents. At least with books and DVD lessons you can take your time and study at your own speed.

MarkAus
MarkAus Sep 04, 15 3:35 AM

Turns out OptionsXpress are now giving me credit towards my bad trade. Their fee's were crazy and I'm getting back $160.

MarkAus
MarkAus Sep 06, 15 12:06 PM

Theres a newish app called "Robinhood" which apparently is designed with Aussues in mind. It takes away the fees and allows us to trade how the US peeps do. Also can be used on phones. Sounds good and I signed up for it but who knows what its like? Still worth a look.

MarkAus
MarkAus Sep 06, 15 12:07 PM

Oh.. Signed up = Put a waiting list.

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MarkAus

OptionsXpress - Add More Charts - Maybe everyone knows this but I can't find squat online so here it is: To add more live charts to view real-time click on 'quotes' on the main page tab then 'streaming charts'. Once the java window is open (a chart which will most likely be SPY) right click on the chart and "open in another window". This will open a new window which is fully customizable to fit on your screen. Repeat right clicking\open another window.

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MarkAus

"OptionsXpress is headquartered in Chicago, Illinois". --- I was advised last year by OX support that their rules were different to the US laws and were based off Australian laws. Turns out this is incorrect and WIKI confirms it. My account has been "downgraded", to put it loosely, due to breaching the PDT rules. I wasn't aware I was effected by it. So, be aware, if you use OX you need $25k + in your account so you're not effected by the PDT rule. I'll be adding funds Monday so I can get back to some hands on learning. Call them to confirm if unsure.

MarkAus
MarkAus Apr 12, 15 4:38 PM

Just had a read of this strat @sentinelgroup.com.au. It's very interesting. My friend at work knows tons on Options. Ill ask him about it. Looks like if you buy a big chunk of shares cheap you could go to town on it.

mavrick41
1mavrick41 Apr 12, 15 7:24 PM

I dont have any links I didnt learn it from the net I did many courses and years of pratice and trial and error covered calls are fairly simple and low management with about 3-5% returns per month not the big so called returns on trading but that is if u can get em at least this way u hold a big blue chip shares and if u got 50k theres a wage of 1500 -2500 a month more than enough for thailand

MarkAus
MarkAus Apr 13, 15 6:03 AM

Cheers Mav. I was just after some definitions to understand it better. Investopedia had good explanations. It's a good plan and something i'll look into as well later thanks to you. I'm not greedy, just want to stop the "9 to 5 career" thang.

mavrick41
1mavrick41 Apr 13, 15 6:17 AM

thats the way same as me i aint into materlistic crap i just want income for freedom and travel,also if you go to asx.com.au they have some examples least you can learn for free i paid thousands to learn what i know,bhp and ncm pay some of the best call premium and ncm is going really good now and will be a great long termer for me

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MarkAus

Started using OptionsXpress "Virtual Trade". Its a nice little tool to use during trading hours. Since I don't have the funds to short it allows me to do so. *dance* ..... As for trading Easter is over and trading is back to norm. Got the week off so i'll use the time to trade and study.

MarkAus
MarkAus Apr 07, 15 1:26 PM

No trades tonight. I missed the open and Watchlists came up empty. Fiddled with Virtual Trader a lot. Watched some tickers. All part of learning. Now - bed time at 3:30am.

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MarkAus

Created my own Watchlist just for fun and went to bed at 9pm. Got online 1:30am only to find trading now starts at 12:00am. Hmm. Missed a few opportunities and only had an hour before I had to go back to bed. Checked Watchlist today and fair enough more opportunities slipped by. No surprise. Overall I did ok with the list and learned a lot. Unfortunately I need more time. Fun!! Plus using OptionsXpress is a big learning curve.

MarkAus
MarkAus Mar 31, 15 4:26 AM

I think Prestomango is talking about 2nd Level. Watching multiple Asks\Buys on the fly. Darn good question and I can't find it. With other brokers you have to pay for it. I hope its another windw I can move to my other monitor.

Prestoman
Prestoman Apr 17, 15 12:38 AM

so you use yahoo as a your primary market scanner then? my 2nd level isnt authorised yet coz apparently im a "professional trader" aha hopefully will get it changed and unlocked soon

MarkAus
MarkAus Apr 17, 15 9:14 AM

I have a blog on opening 2nd level. Its not as big as other brokers though and not 100% how to use it effectively.

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MarkAus

Application for OptionsXpress is now active! It's good to know I have a broker again. Next few days I'll play with it and next week attempt some fake or real trading (I'm a little rusty). At some point I'll add some updates in regards to this broker.

MarkAus
MarkAus Mar 12, 15 6:17 AM

Alerts are all well and good but if you don't know the company Tim is tagging, it's history, why its tickers are moving the way they are etc then trading can be dangerous. Still, can also be profitable! Ha. Training myself to find my own stuff.Tricky.

mavrick41
mavrick41 Mar 12, 15 8:03 AM

there charts can do multiple charts up to 9 just go to tab then grid view handy for monitoring a few trades on a 1 min time frame like tim does

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MarkAus

Sorry for anyone who got tons of emails from me. I was trying to update my Blog (which is finished for now). Turns out all the formatting options don't work properly so it's a bit of a mess. At least it's easy to read. Hope people like it. Hopefully within the next few months I'll be able to add some credibility to the stuff I say by actually trading. ............. Thanks to Mavrick41 I have signed up to OptionsXpress. Now waiting for sign up confirmation as I've applied for a Tmargin account. Still not sure about prices and ability to short properly but that's how it go's unfortunately. Cheers.

mavrick41
mavrick41 Mar 03, 15 7:39 AM

also suretrader states they dont deal with u.s residents or corp. so im curious as to know how tim has an account with em?

MarkAus
MarkAus Mar 04, 15 2:18 AM

It's always possible rules have changed. Tim's course explained PDT as 3 single trades (buy, sell, buy) but that's what I'm going off. Every broker may have their own rules to complicate things. Suretrader has been around for a while but their systems still have issues. The problem ppl have is: 1. Trades can lag 2. If they shutdown you lose your funds 3. Software has bugs. But, its a good start for noobs like me I guess? :D

MarkAus
MarkAus Mar 04, 15 2:21 AM

Careful with fund transfers. Any cash getting placed in your account is considered income. ATO will notice this. How you transfer the cash matters little as far as I know. Its a popular topic on forums. Most look for the best way to avoid the tax but it's tricky. Talk to an accountant. ;)

mavrick41
mavrick41 Mar 04, 15 7:46 AM

yes true when going back to a bank account but if goes bacl to neteller where you can take cash out of a atm doubt they will know

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J_OA_T

@timothysykes Just registered here with profit.ly! Seeking some advice on which online trading platform to use (I currently have Tradeking and OptionsXpress) but I am curious if there are any better, less popular brokerages out there. Any other advice on getting started is very much appreciated!

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