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Category: Day Trading

Snapchat ( SNAP ) Sold ! Ahead of the Nov 7th, 2017 Q3 Earnings !

Snapchat ( SNAP ) Sold ! Ahead of the Nov 7th, 2017 Q3 Earnings !

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Today is Snapchat’s 3rd quarter earning report . I have held snapchat since June of 2017 ! My thought process when I bought the stock.  I bought it as a short term speculative play and got caught in its downward spiral ! I shared my lessons learned from this trade . I bought the stock as a short term play – however by following the stock I came to appreciate the company’s ability to innovate and release new/unique features .  From personal experience…

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Snapchat Put – 32% Return in less than a week !

Snapchat Put – 32% Return in less than a week !

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I had bought a Snapchat put on  Aug 7th, 2017 to offset  the downside risk of my equity long position. Especially to protect it against large possible downward movements last Friday – when SNAP’s second quarter earnings came out. I paid $505 for a put contract for 500 shares with an Aug 18th expiry rate and a $13 strike price.  The $505 is the premium I paid for the downward protection.  I mainly bought it to offset  the risk of…

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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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Katanga Mining Limited (KAT.TO) – Sold !

Katanga Mining Limited (KAT.TO) – Sold !

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Earlier this week I had opened a long position in Katanga Mining (KAT.TO) for a short term trade. Some earlier posts about KAT.TO .  Today, I had sold my position for a 2.5% gain. If I had set my sell target just a bit higher I could have made a 5% gain. However, KAT.TO didn’t behave as I had expected – wrote about my expectations earlier in this post . I  am human so I do feel bad that I…

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Aug 3rd/4th 2017 Market Analysis – KAT.TO LAC.TO TESLA

Aug 3rd/4th 2017 Market Analysis – KAT.TO LAC.TO TESLA

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I had a short term position in Katanga Mining Limited  (KAT.TO) and I was expecting a boost for this stock based on Tesla’s results. Cobalt is a metal used in electric cars similar to Lithium .  Unfortunately for me I didn’t see any sort of gains for KAT.TO correlating to Tesla’s results. I did see a 7% gain in Lithium stocks – in both LAC.TO / LACDF and PE . I own a small position in PE and I just…

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Short Term Trade – Katanga Mining Limited KAT.TO

Short Term Trade – Katanga Mining Limited KAT.TO

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I hold many long term positions – I also enjoy doing short term trades.  It keeps me engaged . One of the stocks I  currently own for a short term trade is Katanga Mining Limied ( KAT.TO ) . I first heard of this company from BNN. At that time  I wrote about it and saved it as a ticker I need to do more research on.  From the actions I have outlined in that post I have only  done one…

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Lithium Americas Corp ( LAC.TO / LACDF ) Sold !

Lithium Americas Corp ( LAC.TO / LACDF ) Sold !

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On June 26th 2017 I had bought 11  739 stocks of Lithium Americas ( LAC.TO) for a price of 0.92 cents. For a month and a week I have watched this sock take a beating.  I even wrote about the day that this stock dropped 15% in the markets. I held onto the stock through the drop. It is always emotionally draining to watch a position you hold lose money. Sometimes you have to make a hard call to cut…

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The Pain of watching your stock price drop 15% !

The Pain of watching your stock price drop 15% !

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Short Term Trade in – LAC.TO ( LACDF) Earlier last week I had invested in  Lithium Americas Corp which trades on the TSX ( Toronto Market) as LAC.TO  and as LACDF on OTCQX  ( US Market) .  This was one of my short term speculative trades.  I have purchased it at $.92 CAD, and have watched the stock fall to $.78 CAD . The biggest drop came today at $.10 CAD per share. I have previously invested in this company…

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VIX Options – What is it ? And should you use them ?

VIX Options – What is it ? And should you use them ?

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As an investor I am familiar with VIX. It stand for Volatility Index – and is a measure of the amount of volatility in the market and investor’s sentiment –  sometimes it is also referred to as a fear index. More about it here  . If you don’t like to read there is a good video explaining what it is. Good resource for further education – from the originators of VIX. I looked at the various option prices of the…

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Update on Current Stock Positions – As of May 1 , 2017

Update on Current Stock Positions – As of May 1 , 2017

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I have recently taken some profits and did some short term plays – trades I held for under two weeks.  Some updates below. I sold my position in Air Lease Corporation – This was one of my top recommendations. It was a good recommendation. I made 22% on this stock over a 7 month holding period. I bought SNAP and LAC.TO two weeks ago. They are both stocks I recommended against investing in for long term. You can read the…

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