Trade with me: https://bit.ly/3Nvbj04
📉Wealthsimple Trade App (Free commission trading in Canada)
Get $10 in cash bonus when you deposit $100: https://wealthsimple.sjv.io/m9KJZ
📉Wealthsimple Investing (Robo investing long term for TFSA, RRSP or cash accounts)
Get $50 when you invest with $500: https://wealthsimple.sjv.io/yDxNy
Today we'll be selling my Apple stock $AAPL to buy Aurora Cannabis stock $ACB on Wealthsimple Trade with $0 Commission cost. I'll show you guys the buy and sell orders STEP BY STEP.
Wealthsimple Trade is an app that offers stock traders in Canada FREE trades. Basically it's the Robinhood trading app for us Canadians. Using this app could save you hundreds if not thousands of broker commissions. In my last video I bough two shares of $AAPL, and then one share of $MSFT with my $1000 test account. Today in this video you will see me sell all those shares to buy $ACB.
Another thing that was not mentioned in my last video was the currency exchange conversion fees. Wealthsimple Trade charges a 1.5% FX conversion fee, which is pretty standard among stock brokerages (usually 1.5%-2%). But user should be made aware of that when trading here if they are expecting a completely FREE app.
I would suggest users on this app to stick to buying Canadian listed stocks on the Toronto Stock Exchange. If you want to buy US listed stocks, I'd suggest another Canadian broker, Questrade instead. I will do a video tutorial soon on the CHEAPEST way to exchange your CAD into USD with Questrade. Also, Questrade allows you to hold registered accounts like TFSA or RRSP in either Canadian or US dollars⬇️.
📉My Trading Broker Platforms:
TradeZero: https://bit.ly/38OlfSv
-Get 3 months FREE platform + 1 Month 10% off short locates
Centerpoint Securities ($30K min): https://bit.ly/3LKdlID
-Get 50% off Commissions & Short locates for 60 days
-Get 6 months FREE Trade Ideas scanner
Interactive Brokers: https://bit.ly/3bE82u4
Interactive Brokers Canada: https://bit.ly/2FBwdMo
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
✅My REAL Social Accounts:
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#daytrading #pennystocks #stocks
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.

By Stock Chat

where the coffee is hot and so is the chat

29 thoughts on “Buying aurora stock with wealthsimple trade step by step walkthrough review”
  1. Avataaar/Circle Created with python_avatars Thanh Đinh says:

    I want subtitles under your video thanks

  2. Avataaar/Circle Created with python_avatars Dang Somvang says:

    You still have ACB? 😮

  3. Avataaar/Circle Created with python_avatars PepperAnn Tocool says:

    They really did not hide that fee anyway. i just buy canadian stocks

  4. Avataaar/Circle Created with python_avatars Euphoria PXX says:

    Hi

  5. Avataaar/Circle Created with python_avatars Raf Hua says:

    I have this question for a long time, also happening on my app now. At the beginning of the video, the app tells you that you have a total of $1021, but how come you only have $1003 available after selling the old shares??? What's the algorithm here?

  6. Avataaar/Circle Created with python_avatars Tatang Onyok says:

    Shopify was $254.36 when you uploaded this video. Today 26 June 2020 Shopify is $1242.59😮😮😮

  7. Avataaar/Circle Created with python_avatars Apple TechTroop says:

    Its best to use interactive brokers at $1 a trade. 1.5% is $15 each $1000 worth of stocks bought. also canadian stocks sucks i rather trade FAANG stocks.

  8. Avataaar/Circle Created with python_avatars Ram says:

    When she sell the Microsoft stock the price was $109.66 but by the time the order executed it become $109.52, so there was a loss of 14 cents?? 🤔🤔🤔

  9. Avataaar/Circle Created with python_avatars Oddix Games says:

    on March 8, 2019 ACB was actually CAD$118, not sure how you've been able to buy it a 10

  10. Avataaar/Circle Created with python_avatars BYOB - BeYourOwnBoss says:

    Can this app do stop losses?

  11. Avataaar/Circle Created with python_avatars ntmtube says:

    Good video

  12. Avataaar/Circle Created with python_avatars TheJuggernaut017 says:

    Is it possible to short sell on this app? I know it’s very risky so don’t wanna accidentally do it since i am new to trading.

  13. Avataaar/Circle Created with python_avatars RunawayOrange says:

    is this app viable for day trading?

  14. Avataaar/Circle Created with python_avatars Carlos Mario Bermudez Garcia says:

    Felicitaciones eres la mejor

  15. Avataaar/Circle Created with python_avatars aksmzk says:

    I bought 500 shares at $1.00!!! What a steal

  16. Avataaar/Circle Created with python_avatars SM Diecast says:

    sucks that aurora is $1 something now lol

  17. Avataaar/Circle Created with python_avatars Karan Khanna says:

    How to buy stocks in the app ?

  18. Avataaar/Circle Created with python_avatars NIO says:

    Hi Humble Trader Oh that name Aurora Cannabis sunk my ship last Jan 2018 just as the market tanked.. One day just before that happened i was looking at a double price profit… DID I SELL.. NO Greed got to me.. Left Brain screaming HOLD HOLD HOLD… Right side Brain screaming SELL SELL SELL ACB was trading so well that last week of December and i never got out. Happy New Year came and BOOM the bubble burst the first trading day of January 2019. Oh i was 50% margin borrowed on the stock and that killed me as the stock plunged with my broker giving me margin calls to cover the losses to keep the shares i borrowed. Lesson Learned.. FORGET BORROWING THE BROKER MONEY … TO RISKY. Aurora was also a 18th century schooner ship that on the maiden voyage sailed to get a load of cotton.. on the return trip the good ship had combustion fire start and the ships crew jumped over board as the ship burned and sank.. Sounds like my story trading Aurora Maybe the name doomed me from the start once i found out about that true ship story. Good Grief .. well it only money right.. onward and upwards to better trading WITHOUT MARGIN CALLS.. LOL To your account health Humbled Trader 🙂 Cheers

  19. Avataaar/Circle Created with python_avatars The Review Man says:

    Hope you didn't hang onto that Aurora stock 😭😭

  20. Avataaar/Circle Created with python_avatars Milwaukeeman says:

    Mcdonalds on me tonight!!! thanks for the upload!

  21. Avataaar/Circle Created with python_avatars Glen Lee says:

    You will see you lost a lot of money when you sell US stock because they only keep only theCandianollar which means they change CAD$ automatically.

  22. Avataaar/Circle Created with python_avatars RunawayOrange says:

    i know i should'nt be asking before even seeing for my self but can i make a living out of trading using Wealth simple? any thoughts as i am trying to learn how stocks and trading go. any replies are appreciated.

  23. Avataaar/Circle Created with python_avatars Peng says:

    Aurora is losing money rn u might want to be careful

  24. Avataaar/Circle Created with python_avatars khatalyzt says:

    They recently added TFSA!

  25. Avataaar/Circle Created with python_avatars firelord9000 says:

    hello! let’s say you decide to buy a million of x shares, will it show up in another platform like thinkorswim that you purchased a million shares?

  26. Avataaar/Circle Created with python_avatars Kofi Koranteng says:

    “Wow Macdonalds on me tonight” hahahahaha

  27. Avataaar/Circle Created with python_avatars Jashan Multani says:

    This app doesnt have take profit and stop loss?

  28. Avataaar/Circle Created with python_avatars raphael deschenes says:

    they do not have Disney (DIS)

  29. Avataaar/Circle Created with python_avatars Abhishek jaglan says:

    Hi,
    Can international students in canada use this app for trading ?

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