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…
I am a Canadian Cryptocurrency Investor. I mainly have positions held in Coinbase. Wanted to invest in Ripple, and Coinbase currently does not offer Ripple. I had opened a Kraken account – however my verification was stuck in Tier 2/3. What that means is I cannot fund my account using a bank or a credit card. After sending Kraken’s support team an email today – an Erukea moment struck me. I can fund my Kraken account using the Cryptocurrency I…
I started with using Coinbase for my initial purchase into the cryptocurrency world ! I liked Coinbase because it allowed you to fund your account with credit card ! Fast and simple . Wasn’t a fan of their maximum limit for new customers ( $100 weekly initial limit ) . It increases with additional verification and over time. If you are based out of Canada you can buy/fund your account but you can’t sell and settle into Canadian dollars ! …
I own some Cryptocurrency in a Coinbase account and I wanted to take some profit. I am based out of Canada as such I cannot sell my Cryptocurrency in Coinbase. I set up both a Kraken account and a Quadirga account. In the hope that I can sell my Cryptocurrency using either one of the platforms. My Kraken account is still waiting to be Tier 3 verified – so today I decided to setup Quadriga CX account. Quadriga CX is…
In June of 2017 I opened a Coinbase account to try my hand at Bitcoin Investing . I had attended a Fintech Seminar earlier in that month and this triggered a renewed interest in Bitcoin Investing. Coinbase has a limit of $100 weekly purchase amount for new account holders. I am based out of Toronto Canada. It took me some time before I was able to increase my limit to $200, $1000. I understand this is required for them to…
Mike recommended Digital Realty Trust, Inc. (DLR) , Franco-Nevada Corporation FNV.TO and Home Depot as part of his top picks on BNN. DLR : Stores data for other large companies in data centers. Owns the real estate where the data is stored. Starting to get into managed services to provide data analysis for the data stored. – I am not sure how a company that specializes in data centers can successfully transfer to managed services. 3.4 % Dividend Mike’s Price Target : $127…
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…