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The Cost Of FX On Your Trades!

The Cost Of FX On Your Trades!

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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…

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Snapchat – Lessons

Snapchat – Lessons

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About five weeks ago I picked up SNAP for a short term trade. I wrote about it here . I made a few mistakes with this trade. Mistakes  I had bought the stock at $17 per share and had watched it run up to almost $18 – choosing not to sell at this point. Greed can at times mess up short term positions. At that time I didn’t realize a key event that was on the horizon for SNAP. The…

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