I don't think you can overcome the juice...

 

Sorry Eder, I'm immigrant, didn't get your joke.... can you write in simple English?!

 

I wouldn't do anything, personally. You're bound to lose more money in penny stocks vs. making money.

It's a nice perk they are offering, many will take advantage of it, but I never found that trading is really investing (for me).

gibor, I sense you have a healthy portfolio so you maybe you want to take a few risks?

 

I wouldn't do anything, personally. You're bound to lose more money in penny stocks vs. making money.

It's a nice perk they are offering, many will take advantage of it, but I never found that trading is really investing (for me).

MOA, I'm not talking about investing, I just want to play casino - roulette style for fun, in casino you also lose at the end ... I gonna risk max $200

 

I didn't think so....so I can see you playing the casino, especially with $200

 

What kind of penny stock are worth consideration? I'm not planning to risk serious sum of $$, but like in casino to trade $100-200....
For example "famous" PSN , now is only traded in NYSE - POSEIDON CONCEPTS CRP ORD (POOSF), the normal gain/loss in 1 day is 100-200%....

gibor do u see that symbol POOSF?
that's a pink sheet foreign stock
it has nothing - nothing - to do with the new york stock exchange.

pink sheet stocks are an unregulated OTC US market,
your pick is considered "foreign" because it seems to be the dying remnant of that canadian disaster that was pumped once upon a time right here in cmf forum.

pink sheet stocks are run by pumps, touts, naked shorts & other crooks including real-life mafia.

there's a huge USD/CAD foreign exchange fee built into the pink sheet price (pink sheet foreign stocks have no native inventory in the US of A but rely on obtaining any shares sold from the host foreign country, in this case presumably from canadian OTC market)

of course, if it's a naked short racket, then, in reality, there are no shares being sold at all.
the mob is a big player in the naked short pink sheet racket
there's a standing SEC-RCMP joint committee looking into this aspect of cross-border crime, they've been at it for years.

gibor i'm tempted to say Go on, do it & report back :biggrin:

 

No need to play in the pinks - there's the grubby pit known as the Venture Exchange. Much fun can be had. But 200 bucks? Just find some mini micro with a ticker that has your initials or your star sign or whatever. But if you want to play with real money then some research is required - mainly figuring out who is behind the pumping. Start with SEDAR and bring your pail and bucket.

 

No need to play in the pinks - there's the grubby pit known as the Venture Exchange. Much fun can be had. But 200 bucks? Just find some mini micro with a ticker that has your initials .

Oh Oh , found one GBR
I said $200 because CIBC gives me $200 bonus together with free trades , but obviously I'm not going to invest any serious $ in such stocks... I'm just looking for stocks that have huge violatility and can move around 40-50% in day any direction..... or maybe I'll try to play some 3x like TZA or TNA

but are virtually guaranteed to lose money over time james, I know it and I;m ready to lose those couple of hundred ....it's like in casino, you go and you have $ limit that you are ready to lose to have fun

 

What to do with the free trades?

Resist the urge to trade unnecessarily.

If you must trade (and can't resist the urge) then use it as an educational exercise. Put up a big piece of paper on your wall with four columns: stock, buy price, sell price, net profit/loss. As you do your trading, mark your results

 

A high number of trades can result in an increase in Bata slippage i.e., an inverse ETF can lose money even if the market moves in its direction due to bata slippage.

Of course if bet size is kept constant bata slippage will not be a problem. The system should be tested if it will work with compounding. Einstein was right in the 8th wonder of the world compounding, a system that will allow for compounding is a better system then a system that will lose money when compounding is used. Of course @ some point critical mass would be hit using compounding.

 

I used to trade a lot when I was younger. Over the years I noticed a very strong correlation... the more I traded, the worse I performed. The less I traded, the better I did.

Everyone is different and some people are natural born traders, but most people are not. And those who succeed with active trading have some kind of systematic approach which involves things such as position management and risk control.

But people who trade in an ad hoc fashion... it generally doesn't work out (over time). You might have a good year, or two, but are virtually guaranteed to lose money over time.

 

gibor, I'm actually OK with the gambling thing. I like gambling once in a while and the stock market is a fun place to gamble

So I don't see any problem with that, but I wouldn't want anyone to wander into this thread and think we're describing investment strategies.

For such activities I still suggest sticking to liquid, high volume things. Friends of mine have used (relating to the VIX volatility index): VXX, XIV, and TVIX. Very high risk, do not hold overnight

 

POOSF is what is listed in my trading account after PSN (Poseidon) shares got de-listed. I don't think you would want to be trading those. I'm still in dis-belief that they can actually get away with filing incorrect financial statements to defraud investor's. Makes a mockery of the ASC(?). Now I read they have started another company. I would sure like to run into the perps of that one sometime for a little personal satisfaction.

 

gibor don't fall for actor's siren song, she's going to beat you handily with her expertise, you haven't got a chance with Great Bear :tongue-new:

this company is not worth even the first of your initials.

what they've got is title to an old california mining claim that was drilled by newmont & BHP roughly 20 years ago, then abandoned. Presumably due to low quality of orebody.

many old abandoned gold mining sites throughout north & south america were resurrected recently, when gold was nearing $2000/oz. It was hoped that weak ore deposits might prove profitable to mine at high gold prices. This is no longer the situation. Most of these old properties are, once again, worthless.

do you see all those huge trucks & drill vehicles pictured on the company's website, giving the impression that great bear is actually drilling at perdito california? this is not the case. Those are pictures of other mine camps. Great Bear's claim at perdito is, today, nothing but bare scrap land covered in sagebrush.

here is your bee yoot ee full GBR property:
.

 

you haven't got a chance with Great Bear......this company is not worth even the first of your initials.

Ah, but you see, you don't know the meaning of gibor, or do you?

 

With 60 free trades you can be a HFT for 6 seconds for free!

 

if i move 100k to bmo i'll receive 250 free trades as well, most of which i'll never be able to use

the freebies don't include option trades so most of my trading won't qualify

maybe set up a bank of extra freebie broker trades that others can dip into?

if we really worked at this we could probably get the whole of cmf forum kitted out w free trades, i'd have 240 to give away

 

The way I see the free trade inducement being of most use is say you are with a full sevice advisor now. I know not a lot on this forum are, but these folks do exist.

You descide it si time to wash you habds of them and go it on your own.

Instead of spending a wad to have them sell off your holdings and transfer cash, charging you commisions on every trade, you elect to transfer in kind
You then gobble up your 60 free trades getting rid of high MER MF's and geting into ETF's and individual stocks.

 

Toronto.gal... If I wanted to lose $0, I would invest the free $200 in a $0.1 marijuana stock, and wait until it soared. ...

Those freebies brokers give, they do so with the eventual purpose of getting more of your money, not the other way around.

.. what a great suggestion since gibor smokes too ... lol!

 

^ I believe he has the expensive taste for Cohiba cigars, but I was seriously thinking such OTCMKTS would go well with his excellent PM pick.

 

Toronto.gal has exceeded their stored private messages quota and cannot accept further messages until they clear some space. Can you delete some

 

gibor how many days did it take for your investments to transfer from TD to CIBC?
The reason I ask is that I'll soon be switching from TD to CIBC and don't want to take a chance of any dividend or dripped shares left behind.

 

It tooks about 5 days, but I still don't see GIC in CIBC as well as several DRIPs and dividend payment.... 1 day I couldn't see anything in TDDI and in CIBC IE

 

if you go to company's site, check pipeline section which will tell you what has completed & successful Phase II trials about to begin enrolment in III
Is there any website that indicate Phase II and III trials for ALL companies?