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…
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…
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…
Today/yesterday was a good day for long holders of SNAP chat stock ! The stock has run up over 11% within the last two days ! It has also gone above the $16 mark ! If you been reading my blog you would be aware I currently hold a long position in SNAP . I wrote about it earlier in the year ! I originally bought this stock at $17 . I have held this stock as it hit its…
The market keeps running up and I keep on waiting on the side line waiting for a pull back to go back in . So getting a bit impatient ! I watch BNN top pick everyday to get introduced to new companies and ideas. Ryan Bushell an energy sector Portfolio Manager was on – taking about his past picks and his top picks. One of his top picks AltaGas [ALA-T] currently trading at $28.59 and with a dividend yield over 7.3%…
I came across Keysight Technologies on BNN . It was recommended as part of two BNN guest’s top picks. Another reason it caught my interest was because I used to use their products when I worked at Blackberry to develop and test our chip set . Jennifer Rahman recommended on her top picks. Some points that she highlighted I found attractive: 50 percent of their businesses is repeat business 5 G deployment will require products offered from this company to…
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…