Posted on: 16-02-10 12:47:54
Quote:
Originally posted by sun.life
Are u sure , you are making profit on all these stocks
you said u bought the share for 10 cents like 10 days ago... but history shows it was 10.5 Cents the lowest in a month on Jan 15th. not like 10 days ago.
I apologies….my mistake I got in at .105/stk in bulk and got out all at .225/stk. Now I have put in a limit buy at .15/stk. Never know if it comes....it’s like few change....and I loose that also does not matter....
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I am an SWING TRADER not a DAY TRADER....
Disclaimer:
(Anything discussed in this Post is completely an individual’s view. The Poster does not hold any responsibility for this discussion. Please discuss with your financial advisor before buying or selling anything discussed in this Post.)
Quote:
Originally posted by pratickm
I'm usually wary of such small cap, low volume companies because they're subject to insider manipulation, \"pump-and-dump\", etc.
Not saying this one is, but lots of them are.
To PratikM
Insider menuplation or no menuplation. Its of no usecase scenario for me as end of the day I am able to make little money on my little money.
Take for e.g. this stock one gets in at 0.105/stk for 1000 stks, its still 105 CAD and if one gets to sell at 0.225/stk then you are making 225CAD on your 105CAD just in few days. Little but more than double....
Quote:
Originally posted by jonav
Hi Are u a day trader or a short term or long term? The way I read your posts it seems you are a short term one. It'll be very hard to say anything for any of the tickers you post here unless I go through their technicals. But like Pratick said I also stay away from penny stock companies and have no knowledge of them. My fav's are large cap as the names provide me good dividends and feel safe with them, some good ones from my pick are MRK, INFY, MCD, TMO, DE, FAST, WDC, INTC, etc....
Jona
To Jona,
I know Penny stocks have no stability and one should play in more stable blue chip for a longer stable growth. BUT if one is just playing with few thousand dollars from the TFSA account, one has to take the risk and go aggressive.
I don’t have big bucks to play in Large Cap..... I have small amount with which I am aggressively investing and coming out.... for e.g. my principal already safe and from the profits only..... (Made earlier)..... in last 15 days time 2000 CAD was 2500 CAD and the 20th day it became 2900 but the 30 day it was at 2200....so one just has fun with the risk limit of 2000CAD.... as they are profits only made earlier in this market itself....
Penny stocks are the only ones one can play with small figure…
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I am an SWING TRADER not a DAY TRADER....
Disclaimer:
(Anything discussed in this Post is completely an individual’s view. The Poster does not hold any responsibility for this discussion. Please discuss with your financial advisor before buying or selling anything discussed in this Post.)
It is Stocks not Stalks !
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Quote:
Originally posted by Loser
It is Stocks not Stalks !
Sorry for the typo.....changed that...Thank you for the critic....
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I am an SWING TRADER not a DAY TRADER....
Disclaimer:
(Anything discussed in this Post is completely an individual’s view. The Poster does not hold any responsibility for this discussion. Please discuss with your financial advisor before buying or selling anything discussed in this Post.)
Quote:
Originally posted by choomantar
I don’t have big bucks to play in Large Cap..... I have small amount with which I am aggressively investing and coming out.... for e.g. my principal already safe and from the profits only..... (Made earlier)..... in last 15 days time 2000 CAD was 2500 CAD and the 20th day it became 2900 but the 30 day it was at 2200....so one just has fun with the risk limit of 2000CAD.... as they are profits only made earlier in this market itself....
Penny stocks are the only ones one can play with small figure…
If I see %wise then you are doing very good, it may look small but a $200 gain on $2K investment is 10%, on a $100K investment it'll be $10K a month!
If you are serious or want to follow a trading site, then I'll suggest try going here. But there are gurus on this site who invest in big bucks, its a good read though.
http://www.elitetrader.com/vb/forumdisplay.php?s=7abde49a6c117e928a8d6530514a0f6e&forumid=17&daysprune=
Jona
Quote:
If I see %wise then you are doing very good, it may look small but a $200 gain on $2K investment is 10%, on a $100K investment it'll be $10K a month!
If you are serious or want to follow a trading site, then I'll suggest try going here. But there are gurus on this site who invest in big bucks, its a good read though.
http://www.elitetrader.com/vb/forumdisplay.php?s=7abde49a6c117e928a8d6530514a0f6e&forumid=17&daysprune=
Jona
Thanks Jona, I am playing very small as I am playing with my TFSA, Just to make sure I make as much as possible Tax Free so that I keep my principal safe and play with what ever earning I get.
Also, that’s a good link. Is there anything similar to it for just TSX and the Indian Exchange...? I don’t know if the US trading is qualified for the TFSA.
I wish we had a separate discussion forum here at CD. I did request for one http://www.canadiandesi.com/read.php?TID=26851" target="_blank">http://www.canadiandesi.com/read.php?TID=26851
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I am an SWING TRADER not a DAY TRADER....
Disclaimer:
(Anything discussed in this Post is completely an individual’s view. The Poster does not hold any responsibility for this discussion. Please discuss with your financial advisor before buying or selling anything discussed in this Post.)
Quote:What do you mean by "qualified"?
Originally posted by choomantar
I don’t know if the US trading is qualified for the TFSA.
You can hold US listed securities inside a TFSA.
As far as I know, no Canadian brokerage is offering a TFSA denominated in USD (i.e. a USD TFSA).
Only one brokerage (Questrade) allows a USD RRSP.
So the issue with trading US listed securities inside a TFSA will be the forex conversion hit with every trade in/out.
Trading as frequently as you are, the forex spread will wipe out a lot of your gains.
I also believe that dividends from US registered joint stock companies or trusts will be subject to witholding tax as well, unlike an RRSP.
But from a rules or legal perspective, there's nothing stopping you from US trading inside a TFSA.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
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