I have decided to share my daily thoughts with regard to day trading. This is one way to force me to perform some sort of action each day. I been trading Katanga Mining Limited ( KAT.TO) stocks constantly. In Nicolas Darvas’s word this stock has become one of my pet stocks for day trading. Having a pet stock for day trading can be dangerous. You become emotionally attached and emotions are never a good idea in any type of trading….
I been dabbling in KAT.TO for day trading. I have bought 9000 shares in it yesterday and the day before. Debating about if I want to sell today or put in a stop loss. Picking the right stop loss is important. For someone like me it is one of of the hardest things to do. But it is something I need to force myself to do to minimize losses and to avoid holding positions for a long time tying in…
Roper Technologies ( ROP.N ) – Currently at 276 and change. It is a parent company of 40 Micro company. Didn’t catch my interest – so staying away for now. Softbank (9984.TYO) – Owns 28% of Alibaba owns shares in many other leading companies. Considered one of the best venture fund on the planet by a lot of smart companies. Currently at $40.43 . 16 Buys , 2 Holds and no Sell. This company definitely captured my interest. I will…
Six Stock exchanges registered in Canada. TSX – Toronto Stock Exchange – 9th largest Stock Exchange in the World. Large companies TSX Venture Exchange – Emerging companies CSE Canadian Security Exchange . Alternative Stock Exchange – similar to TSX MX Montreal Exchange . Derivative Exchange NASDAQ Canada – Canadian Arm of NASDAQ US Aequitas Neo Exchange – One of the newer exchanges with a mandate of embracing competition and innovation Exchanges are where companies go to raise capital and where investors…
If you have been following my stock picks you would have realized there are two stocks I enjoy day trading. Lithium Americas Corp ( LAC.TO / LAC) and Katanga Mining Limited (KAT.TO) . One is a Lithium Mining Company and the other is a Copper Mining Company . I came across a very interesting segment on BNN today . In this segment Paul Gait of Bernstein Investment was discussing about Electric Car Demand – specifically the demand for various commodities associated…
I made a short term buy earlier today of KAT.TO at $1.68. You can find my post about buying here. The markets were on my side today – The price ran up 8% after I bought the stock. I sold at $1.74 for a 3.6% return. I could have gotten a higher return if I had held it for longer, however I was happy with my 3.5 % gain and went with the sell. These are the perfect kind of…
I have placed a buy order for KAT.TO today for a short term trade . I have been monitoring this stock and it typically pulls back and forth . My strategy is to buy on the dips and sell within a one month period. This can be an extremely risky strategy. I have suffered in my LAT.TO trade this year based on this strategy , however getting in and out quickly is the goal for this year. KAT.TO is a…
I had purchased Alimentation Couche-Tard [ ATD.B] for a short term trade on Jan . 19th . This was one of my short term holds. My strategy for this year for one of my TFSA is to do short term trading. I define short term as a maximum holding period of one month. After one month – I have to sell regardless of the loss percentage. This limit on the holding period is to force myself to be disciplined and to…
I need to be aggressive this year with my investing capital to try to earn a larger return. Going to try for larger returns over a shorter investing period. The biggest pain point is waiting to start – I am going to pick one security to put my money into tomorrow . The maximum holding period for me is going to be one month. I am going to be investing in stocks trading on the Toronto Stock Exchange to avoid…
If you are from Canada and are trading from a CAD based account and are constantly buying US stocks – you need to consider the cost of FX on your trades !! At any brokerage you can open a CAD and a US based trading account. If you trade US stocks you should ideally convert a portion of your money to US dollars. This way you avoid the cost of FX on your trades. The impact of FX can be…