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22 minutes ago, KoreanHockeyFan said:

That's not what you think when you see "commission-free" written all over the platform B)

 

Bulls and bears in a dog fight for the past couple of days. Markets have been grinding sideways.

I get people using it when it was free but now pretty much it’s all free.
I use Merrill Lynch and Schwab for free and no way I would go to RH with their glitchy bull$&!#.

 

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31 minutes ago, CBH1926 said:

I get people using it when it was free but now pretty much it’s all free.
I use Merrill Lynch and Schwab for free and no way I would go to RH with their glitchy bull$&!#.

 

What commission free options are you using in Canada? Wealthsimple [equal crappiness to RH] and interactive brokers [not sure I want my funds in connecticut] are the only options I've seen

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Why is Wealthsimple crappy? Unless you're a trader I understand the sentiment, but even then Wealthsimple is pretty clear about how their business is focused on investing for millennials.

 

I use the Wealthsimple trade app and I haven't had problems with it. Not sure about their robo-advising services though. 

 

At the end of the day, just use Questrade :lol:

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40 minutes ago, NucksPatsFan said:

They don't have many stocks available to purchase, and have a low queue for filling orders. 

Honestly, I don't mind Wealthsimple limiting their stock choices. Prevents beginner investors from suddenly jumping into stocks they don't have a clue about. 

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1 hour ago, NucksPatsFan said:

What commission free options are you using in Canada? Wealthsimple [equal crappiness to RH] and interactive brokers [not sure I want my funds in connecticut] are the only options I've seen

I live in the U.S.

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‘Buying Black’ Spurs Huge Gains in Carver Bank, Urban One Shares

June 17, 2020, 7:58 AM PDT
 

Carver Bancorp. and Urban One Inc., two companies that serve Black and underrepresented communities, more than doubled on Wednesday as traders aid trends associated with supporting Black-owned businesses amid global protests against police brutality.

 
 

Carver jumped as much as 853%, the most on record, on volume more than 100 times the three-month daily average. Urban One’s Class D shares climbed 150% intraday, catching up a bit with a rally in the Class A shares earlier this week. The moves come as calls to “Buy Black” have circulated on social media, pointing consumers to Black-owned businesses as a step toward correcting economic inequalities.

 
 

The stocks have also seen increased interest from retail investors. Urban One’s Class A and Class D shares were the two stocks with the biggest increases in popularity in Robinhood accounts over the past 24 hours, according to Robintrack.net, an online monitoring service. Carver also saw a huge jump in trading activity on Robinhood in early June.

 
 

“Buying Black,” coupled with similar phrases such as “buying back the block,” are garnering mainstream attention following protests across the U.S. against police brutality toward Black people. The trend has evolved from long-standing traditions in Black communities to lift up and invest in their own people.

 

*****************

 

CARV up another 49% today. UONE up another 105%.

 

I find it hard to believe this is an actual movement and not just Wall Street degenerates piling in to make a quick buck.

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19 minutes ago, nuckin_futz said:

‘Buying Black’ Spurs Huge Gains in Carver Bank, Urban One Shares

 
June 17, 2020, 7:58 AM PDT
 

Carver Bancorp. and Urban One Inc., two companies that serve Black and underrepresented communities, more than doubled on Wednesday as traders aid trends associated with supporting Black-owned businesses amid global protests against police brutality.

 
 

Carver jumped as much as 853%, the most on record, on volume more than 100 times the three-month daily average. Urban One’s Class D shares climbed 150% intraday, catching up a bit with a rally in the Class A shares earlier this week. The moves come as calls to “Buy Black” have circulated on social media, pointing consumers to Black-owned businesses as a step toward correcting economic inequalities.

 
 

The stocks have also seen increased interest from retail investors. Urban One’s Class A and Class D shares were the two stocks with the biggest increases in popularity in Robinhood accounts over the past 24 hours, according to Robintrack.net, an online monitoring service. Carver also saw a huge jump in trading activity on Robinhood in early June.

 
 

“Buying Black,” coupled with similar phrases such as “buying back the block,” are garnering mainstream attention following protests across the U.S. against police brutality toward Black people. The trend has evolved from long-standing traditions in Black communities to lift up and invest in their own people.

 

*****************

 

CARV up another 49% today. UONE up another 105%.

 

I find it hard to believe this is an actual movement and not just Wall Street degenerates piling in to make a quick buck.

https://www.bankblackusa.org

 

From their twitter, a tweet:

 

AFK AMS AXSM BYFC CARV CZBS GBT HRBK IBWC JMIA MFBP RLJ UONE UONEK URBT #BLM #BuyBlack @bankblackusa

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NASDAQ, so far has been an interesting experience; I cashed in IDEX with all the social media hype, first thing in the morning within 15mins did a quick flip to add another couple hundred for my fun stash before work. 

 

I have downloaded StockTwits now and damn, that GNUS board depressing af but jokes. 

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18 minutes ago, nuckin_futz said:

The CEO of Merck (MRK) is African American.

 

Should I buy some MRK? :lol:

Is that the same as black owned?  Our CEO is black, should I buy some company stocks lol?

 

Heard bad things about Welathsimple.  I am an absolute nublet when it comes to investing but would like to dip a toe.  I looked up top apps and TD Ameritrade got good reviews and on one site won both top app and top app for nublets like myself.  Anywhoo any recommended reading I can do at work  at home on my own time?  A good coles notes version would be appreciative as there are tons of info out there.  

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Say you had $5000 to invest in a company you were day trading, do you guys split the amount in chunks to average down in case? I read some people suggesting they keep buying more but their positions are so small it just seems like they'd get killed with fees. 

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25 minutes ago, HI5 said:

Say you had $5000 to invest in a company you were day trading, do you guys split the amount in chunks to average down in case? I read some people suggesting they keep buying more but their positions are so small it just seems like they'd get killed with fees. 

On questrade the fee is 4.95 to buy and 4.95 to sell.

 

As long as I'm not profiting just $10, the fees don't matter.

 

and if my profit is only $10, I'm not selling.

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27 minutes ago, HI5 said:

Say you had $5000 to invest in a company you were day trading, do you guys split the amount in chunks to average down in case? I read some people suggesting they keep buying more but their positions are so small it just seems like they'd get killed with fees. 

Not to sound like a dbag but I wouldn't day trade $5,000.

 

I am not very good at it for starters and secondly if I made 10% that = $500.

 

Not worth it. 

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34 minutes ago, Chris12345 said:

Not to sound like a dbag but I wouldn't day trade $5,000.

 

I am not very good at it for starters and secondly if I made 10% that = $500.

 

Not worth it. 

Lol, man I been going all in and pulling out of stocks till I got trapped in MMED. 
 

Worked well for a while, but now I’m holding the bag for a bit. 
 

Cool, cool, cool, thanks for the feedback. 

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45 minutes ago, NucksPatsFan said:

I don't think he meant put $5000 all in on one stock.

 

... Or did you @HI5 :lol:

Lol, well today was $2000 USD. 
 

I wouldn’t call myself a day trader, but I try to pick my spots on the TSX where I find patterns. More of a weekly/bi weekly trader, and there id move 10-20k. But those were in companies I’m fine with holding if I were to get caught.  
 

Diversification hasn’t really been on my radar just yet. 

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