Investing

Started In Stock

  • Last Updated:
  • Jul 25th, 2012 3:08 pm
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[OP]
Newbie
Jun 20, 2012
29 posts
4 upvotes

Started In Stock

So I went ahead and got my account set up with questrade, and have already made some wonderful mistakes!

I bought two different stocks, one for 250, one for 750.

However I misread some info on questrade and bought them in american...on margin. and they've both gone down! ah well, this is what I was expecting :P

I had my sell stop set up backwards so it didn't work either *roll eyes*. In total its only costed me 18$ so not so bad haha. This is very much why I wanted to get out there and TRY it. Even with so little money on the line I can feel my heart beat and am compulsivly checking them, breaking my own rules etc. Got to learn to keep it under control.

Really do need to get that $1080 american payed though...
21 replies
Deal Addict
May 31, 2007
4996 posts
2108 upvotes
Just wait the markets are yoyos right now. Use the live chat to ensure you know how to buy and sell on the proper exchanges, set up stop losses, limit orders etc. Pretty simple once you know how it's done.
Deal Fanatic
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Jun 26, 2005
9203 posts
1376 upvotes
Toronto
If you have any questions about questrade and how to place orders, stop losses, limits, etc. feel free to ask me or post here. believe me, I've done them all !!

One time I BOUGHT 1000 MORE shares of FAS rather than selling the 1000 shares I had. I had a mini heart attack. Margin was used of course.

Same with setting a stop loss when I was profiting, only to mis-click and ended up exiting my profitable position by mistake !
[OP]
Newbie
Jun 20, 2012
29 posts
4 upvotes
I am a little confused over after hours trading. I know supposedly anyone can do it at this point, and questrade shows the hours that you can. But I am unsure how to see current values. I know this morning about 30 minutes before markets opened I was able to see a pre market value on google finance. If you wanna explain if/how to see this data and if trading is any different during these times it would be appreciated.
Deal Fanatic
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Jun 26, 2005
9203 posts
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Toronto
NakorOranges wrote:
Jul 23rd, 2012 5:48 pm
I am a little confused over after hours trading. I know supposedly anyone can do it at this point, and questrade shows the hours that you can. But I am unsure how to see current values. I know this morning about 30 minutes before markets opened I was able to see a pre market value on google finance. If you wanna explain if/how to see this data and if trading is any different during these times it would be appreciated.
I personally have not taken the course on Futures. So can't really tell you how to buy/sell it. But I do know technical analysis works amazingly well in the Futures. Probably cause a lot of TA traders are trading the futures.

Here's a free LIVE, futures chart for S&P (called @ES). Click on the heading: MAJORS and change to other ones for Dow Jones, US Dollar, etc.
http://www.forexpros.com/indices/us-spx ... nced-chart
[OP]
Newbie
Jun 20, 2012
29 posts
4 upvotes
yeesh! got reamed today. I got out of everything around noon, and Im happy I did, nothing went up from there! Worst 3 days to start trading...

*lurks in a corner to patiently wait for cheap stocks in event of recovery*

But what I really wanted to ask rfdrfd was how the snap works for the TSX. If i refresh does it show me non-15 min delayed data?
Deal Fanatic
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Jun 19, 2009
5248 posts
1068 upvotes
Scarborough
I haven't been burned by the market yet. My overall portfolio is down, but none of it was due to making a mistake on my part such as buying when I should have sold or something related to that :P
Deal Addict
User avatar
Jun 14, 2012
1717 posts
146 upvotes
Anyone else notice the decimal doesn't work sometime on Questrade IQ? I meant to enter an order for 23.5 and entered 235 and I noticed it just in time. I thought I didn't press the decimal so I tried it again making sure I press it and again it entered as 235! I tried it many more times and about half the time it works.
Banned
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May 3, 2009
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rfdrfd wrote:
Jul 23rd, 2012 4:38 pm
If you have any questions about questrade and how to place orders, stop losses, limits, etc. feel free to ask me or post here. believe me, I've done them all !!

One time I BOUGHT 1000 MORE shares of FAS rather than selling the 1000 shares I had. I had a mini heart attack. Margin was used of course.

Same with setting a stop loss when I was profiting, only to mis-click and ended up exiting my profitable position by mistake !
I had a sell stop limit order set but the stock was plunged soo fast that it went lower than my sell limit price... damn...in case you're wondering its apple today. Set a sell stop limit price at 596 lmt and 598 stp but wtf its not working by the time I checked the price was 570 already and i lost 400 in a matter of couple of mins :(

Is this my broker's fault that they couldn't execute my order fast enough?

On a hindsight, I know I should've just done sell stop order and let it sell by whatever the market price is... first time trying sell stop limit
Deal Addict
Dec 11, 2007
1819 posts
366 upvotes
Markham
stops get overrun by gap downs. there is no buyers in the gap so nothing to execute your stop loss at. it'll get sold at the first available price where there is a buyer, so if a stock is 600 and your stop is 590, but it gaps from 600 down to 550 your sale will be at 550
Deal Addict
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Nov 3, 2002
1316 posts
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Ottawa
NakorOranges wrote:
Jul 23rd, 2012 5:48 pm
If you wanna explain if/how to see this data and if trading is any different during these times it would be appreciated.
If you're going to trade after hours, just be aware that volume is extremely low for most markets. This means that bid/ask spreads are extremely high, which will cause terrible fills on market orders. If you *must* trade after hours, I would suggest using conservative limit orders at all times. And if you don't get filled, don't worry about it. Better to miss your fill than to get executed very poorly.
[OP]
Newbie
Jun 20, 2012
29 posts
4 upvotes
I didnt plan to trade after hours so much as not be horrified when I check after market open and see the value has gone down 10%.
Deal Addict
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Sep 30, 2003
3906 posts
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Toronto
NakorOranges wrote:
Jul 23rd, 2012 3:23 pm
...
Even with so little money on the line I can feel my heart beat and am compulsivly checking them, breaking my own rules etc. Got to learn to keep it under control.
...
And that's the hardest and most important lesson that you can never learn with fake money. It also really teaches you your true risk tolerance
--
There is no happy ending
Deal Addict
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Sep 30, 2003
3906 posts
118 upvotes
Toronto
Not anyone's fault. This is typical of a fast dropping stock. It's why you have to have a good feel on what the right range is. You set your sell ~0.3% below your trigger.
Personally, I set mine ~3-5% depending on the gain I've locked in, and what the previous supports were.
--
There is no happy ending

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