I do these posts mostly for me to track my trading journey*. Also english isn't my first language, so keep that in mind. As the commision fees with Questrade are $4.95 minimum or $9.95 maximum ($0.01/share) I realize in my paper trading account that the majority of my lost are due to commission fees because I trade very with a small dollar position. I will now on focus more on $1/share ish stock and stop to play with subpenny stock for a while because they cost me double the fees. Still going to use $450-$550 position in my paper account. When I'll be more comfortable with the data that I will have collect, I will eventually switch to my real account.
Practicing my movement plays on CBAY and MARK today. Ended green, but need to figure out a better process for order entry/exit in my broker interface (Questrade). Had a loss when I couldn't make edits fast enough.
Part-time trading from 1 Jan 2019. Broker - Questrade. First capital - 1000 $. Self-learned from T.Sykes, T.Bohen and Steady Trade Podcast. https://twitter.com/Allen2016W
This is my Questrade account funded with $3,000 CAD and linked to profit.ly for 100% verified and transparent trades. Focus is on CAD and US Penny Stocks as a Tim Sykes Challenge student.
Questrade is one of the best Canadian broker. For those who want to create an account with Questrade : https://www.questrade.com/account-selection A margin account allows you to buy all U.S and Canadian stocks (including PINK sheet). A TFSA account will help you save on your taxes, but limits you to NYSE, NASDAQ and TSX. My referal code is : 726326357418342 With Questrade: Real-time data level 1 is 20$/month Transaction fee is 4.95$ per trade up to 495 shares and then charges you 0.01$ per share until you reach 995 shares. Real-time data level 2 is 89.95$/month Transaction fee is always 4.95$ per trade. Thank you.
Just opened an trading account with Questrade today. Still studying Trading Ticker. It may be a while before I make my first trade.
@SeanLacap Greetings, I'm from Toronto and I noticed that you use Questrade. I'm thinking of opening an account with them, I just wanna hear your thoughts about Questrade, How much are you paying in fees and market data package? Is it better than bank owned brokerage stocks? Cheers!
I live in Australia anyone know who I can open small account with?
@rickyorea Kelowna
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My opinion on the best penny stock brokers - Etrade and Interactive Brokers have high account minimums and don’t accept people from certain countries so it's best to for people with smaller accounts to use Questrade, Schwab, SpeedTrader, Scottrade and Fidelity. I would highly recommend avoiding brokerages like Robinhood and Suretrader. Suretrader are based off-shore, allowing you to bypass the Pattern Day Trader rule but have recieved a lot of negative reviews from previous customers. Robinhood are free but you're at a serious disadvantage to your competition, it's like showing up to a gun fight with a knife. https://www.youtube.com/watch?v=tnqadcBE57I
which broker do you recommend in UK ?
thanx jess
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[TimAlerts] hey, was wondering if someone can help me out. I'm from Canada and using Questrade as a broker right now, their platform's not as great as I'd like. my question is how are people finding the stocks that are going r/g or g/r or have huge volume and spikes during the morning? Example, NVCN today went r/g and spiked for 10cents. I saw some people catch this move but I was too late..
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