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Sunday, March 17, 2019

Lightspeed POS Inc. (LSPD): my best Canadian stock for day trading

This past week had been an interesting one. My non-registered portfolio closed this week session at $123 319.022, my TFSA portfolio at $69 518.37, and my RRSP portfolio - stocks only - at $41 808.09. Many great things are going on. Currently, my investment is Pembina Pipeline Corporation (PPL) is exceeding the $31 000 value. In my TFSA portfolio, Derek Foster stock, General Mills Inc. (GIS), remains in the positive zone, with a tiny, but still, again, at least, of 3.17%. 

It's been a long road for GIS but now we are all set, and I hope for more gain. Sometimes, a stock will register quick gains inside of my portfolio - and sometimes, it's not the case, it somtimes takes some time. In that matter, I can only think of my Richards Packaging Income Fund (RPI.UN). I acquired RPI.UN for my RRSP portfolio back... in 2016! It took some time for my investment to register some capital gain, but it eventually did. And I am currently on a gain of 63% with Richards Packaging Income Fund (RPI.UN).

Sometimes, before starting giving some positive results in a portfolio, a stock will need to take the time it needs to breath, take its air and just be, for a little while. It's always kind of frustrating when a stock is not performing well as quickly as we would want. Another example of a stock which I had difficulties to hold at first: Nutrien Ltd. (NTR). Its been a rough road for NTR, but the current Nutrien Ltd. (NTR) performance has nothing to do with my late Agrium shares - but at least, NTR had started provided some serious $$$. Inside my TFSA portfolio, Sienna Senior Living Inc. (SIA) is sitting on a shy 2.29%. However I am glad because I started getting scared that SIA may be caused some capital loses when I started realizing that this little one wasn't going to be a top-notch performer, but it didn't - at least so far.

This past Wednesday, I placed a quick buy-and-sell move on Lightspeed POS Inc. (LSPD), and ever since, I had been carefully watching how LSPD had been doing. I had in mind to go back in LSPD again and place another hot sell in the fire, but the title had been going more down than up, so I didn't proceed. LSPD is on a hot momentum right now. I had been day trading, and many others are doing the same damn thing. That's what this reader doesn't seem to understand. That's where is coming LSPD volatility: from sweet day traders like myself who had been smart enough to target Lightspeed POS Inc. (LSPD). I am not in tech stocks, so I proabably ever be investing in LSPD, but I may, again, day trade it's ticket - one more time.

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