Today, I trade Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)

Today, I needed to sleep and I slept, wake up, open my laptop, eat my cereals... And here it was, the TSX loss 200 points, but my Horizons Silver was up. I needed to do something about it. I buy some units of Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) at 6.80$ and a few minutes later, I sell at 6.90$, making a 20$ profit after commission. Nothing major, but for those types of investment, I prefer to stick to small sum of money. I prefer to focus on small profit instead of big ones. A 20$ is a nice extra pocket money. The reason I sell so quickly is in reason of the market situation. Currently, the TSX loss more than 200 points. Also, not to forget that I still hold my investment in First Majectic Silver Corp (FR). I wanted to sell at 20$, but currently, FR is down of 8%. I guess focusing on small profit, even extremely small lol... may be the way to go. Overall, it’s been a good experience. I am confident First Majectic Silver Corp (FR) will go up again. Which mean that I “day trade” enough for today. The market is real ugly right now.

I think I may had forgot to write about it, but this last Friday, I also invest in some units of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) at 6.65$. I still hold HOD at this time. I prefer to warn you: HOD is not as easy to hold as HZD or other silver ETF. It’s not easy to make a quick buy and sell on HOD.

I still hold Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD). HOD seem to be one of those ETF who performed well in a bad market situation. I may be able to sell at more than 20$ profit lol by the end of this week.

Welcome, Atlantic Power Corp (ATP) in my investment portfolio!

I sell some stocks of CDL.A who don't pay that much in dividend anyway (but title stable - that's why I left some stocks of CDL.A in) and I reinvested in some stocks of Atlantic Power Corp (ATP). Title is stable, being rate as low risk by SPBrunner right here. I also borrowed from her another investment that had been in my portfolio for a little while now, K-Bro Linen Inc. (KBL). On top of all that, ATP yield is of more than 7%. Perfect stock for a New Brunswicker, don't you think so?

When margin account money becomes monopoly money: the case of TMX Group Inc. (X)

I had a fun time today with my trade in Horizons BetaPro COMEX Silver Bull Plus ETF (HZU). It’s just something I am doing for the fun of it and I do not trade much on each trials. At this time, I am stuck in with my First Majectic Silver Corp (FR) investment. I did not invest that much on this one either. Just my investment lost value in one day instead of gaining some. But I cannot be a winner on each and single of them knowing who I am. A small investor trying to make quick little gain. Well, that’s risky. But my way is safe, I find, despite the craziness. A 30$ gain in one day. Yep, I am happy about it. Yeah :0)))

Currently, I am working at restructuring my portfolio. Following my sell of Toronto Dominion Bank (TD), another stock that I hold and doesn’t pay much in dividend is TMX Group Inc. (X). My investment in TMX Group Inc. (X) was an impulsive one. I am from those who got over-excited with the merger news. And bang, that’s how overnight I invested in TMX Group Inc. (X) using monopoly money (that will be my margin account money of course). No doubt that TMX Group Inc. (X) is a good investment, but it’s a good investment for those who have real cash in their broker account and not monopoly money. I really like to name margin account money monopoly money because that’s really what it is. Margin money is monopoly money. Believe it or not. That money exists because for now, what I have in my portfolio actually worth something. Currently, my non registered portfolio is at 113k. I want to sell TMX Group Inc. (X). Not because it’s not a good investment, but because it’s being hold on... monopoly money lol... So far, I had been lucky, but luck is like youngest, it could disappear just like it had come. But my investments are not only about luck. There’s a bit of common sense in what I do or try to do.

However, this being said, I would like to sell TMX Group Inc. (X). I am only looking forward for the title to gain. And it’s looking good. The X is exceeding the 41$ right now.

Today, I am trading Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) – Part 2

I had sold my HZU at 11.81$, making a profit of 30$ after commission. Not huge profit, but a profit is a profit and I am not exactly looking for extraordinary gain. Gains, as little they are, are welcome. Buying and selling on the same day is a must, knowing I am using margin money. I use just a couple of thousands at a time. If it can generate a small profit, that’s good. Take it this way, a 30$ is enough to almost pay my cell phone bill... :0)

I still have First Majectic Silver Corp (FR) under process so I wanted to do a quick buy-and-sell today before leaving to work, as I have to leave earlier today. I hope FR will hit the 20.10$ before the end of the week.

Today, I am trading Horizons BetaPro COMEX Silver Bull Plus ETF (HZU)

I had purchased units at 11.61$. Currently, HZU is at 11.74$. It’s moving well. I will follow this one through the day. I set myself a sell order at 11.91$. We’ll see what happen. Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) seem to be safe to trade on. Quick buy and sell day on Horizons BetaPro COMEX Silver Bull Plus ETF (HZU).

I also purchase stocks of First Majectic Silver Corp (FR) at 19.34$. I am looking forward to sell at 20$. But maybe not for today. Beautiful sunny day for fantastic little profit.

About my sell of TD Dominion Bank (TD)

Earlier today, I decided to sell my TD Dominion Bank (TD) stocks. I decided to sell for various reasons. As I said quickly previously, TD dividend is quite low (below 4%). I had used margin money to place this investment a couple of weeks ago. My margin account is at an interest rate of 4.25%. The dividend of TD is not even reaching the interest. I knew that when I first invested in TD of course, but at the time, it was an investment just for the heck of it. I always wanted to own TD in my portfolio. Now it’s been a thing done, for the couple of weeks it had last. I made a little profit out my sell. I was happy to sell. This will help to decrease my margin. I am now at 36 000$+ on my margin account. On that amount, a 5 000$ went for payment for my credit line. This meaning I have used 31k for investment purposes.

Following my TD sell, the plan was of course at first to reinvest the money in something else. But remember we are in May. May is known as being a difficult month for investors and I taught that I may calm down before hitting a wall. So that’s how it is for now. Tomorrow, I will try to wake up early and be ready for the market opening. And maybe another trade on the way.

I sell all of my stocks of Toronto Dominion Bank (TD) at 82.02$

I'll write about it later. This had been done to decreased my margin. TD dividend yield is too low. I decide to sell, cash in the profit and leave the money on the margin for now.

My trade in First Majestic Silver Corp (FR)

I did not write about it this last Friday, but this last Friday, I had buy 150 stocks of First Majectic Silver Corp (FR) at 17.96$ and 17.95$. My goal was to do another quick sell and sell and make a small profit like I did previously with Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) (I made a 60$ profit in one day by trading HZD and was very happy about it!).

Following my Friday purchase of First Majectic Silver Corp (FR), I place a sell order at 18.51$. The sell did not happen on Friday. So I spend all weekend long thinking of what I had did. I taught of Eric Sprott who had sell part of his own silver to reinvest in silver producer companies. And I came to the conclusion that my move was a good one. Also, I read articles saying that silver companies will do well despite an anticipated silver crash value. So there again, it was another confirmation. I did some search on First Majectic Silver Corp (FR) and I find the company a perfect fit for my portfolio. FR is not a dividend payer, but my goal with this investment was clear: a quick buy and sell.

This morning I wake up late as I suffering from a little pain coming from also an anticipated event lol. The first thing I do in the morning is opening my laptop, log in to my broker account... And this morning, I had a huge surprised, my sell order work out, I had sell 100 stocks of First Majectic Silver Corp (FR) at 18.64$ and 50 other at 18.62$. Currently, First Majectic Silver Corp (FR) is at 18.84$. I am happy because I made a quick 81.51$ profit after commission.

Sorry not to inform you before, but at this time, First Majectic Silver Corp (FR) is still hot.

The Silver of Sprott is going up again: Sprott Physical Silver Trust UTS (PHS.U) and Sprott Physical Silver Trust ET (PSLV)

A couple of days ago, the Sprott Physical Silver Trust UTS (PHS.U) and Sprott Physical Silver Trust ET (PSLV) units crash to 15$ and under. Just about 2 weeks ago, the Sprott silver units were at 22$.Since the mini silver crash, Sprott Silver is up again. Currently units are around 17$.

The Sprott Physical Silver Trust UTS (PHS.U) units I own were purchase at something around 15$, so I am not loosing anything in value. I invested in my first US dollars not too long ago through the Sprott Physical Silver Trust ET (PSLV). I made my investment when the units were among their highest, 22$. No way I am going to sell my silver units! I know I can catch on with Sprott Silver.

Currently, PHS.U is at 17.20$ and PSLV at 17.17$.

Hélène Laverdière, Yellow Pages Media Inc. (YLO), and Sprott Silver

This past week had been full of great events! Never of my life would I have think possible for Gilles Duceppe to leave the Bloc Québécois Party but he finally did. And even better, Gilles Duceppe did not get re-elected. That’s partly due because I vote NPD Hélène Laverdière! It was something I was proud of, being able to be represent by a national party instead of a provincial one. The Bloc Québécois is gone, and we may not hear about them too often in the next 4 years or so now. Hélène Laverdière is going to rock the Plateau Mont-Royal! Go girl go! I know, I am still under the election buzz! The day I went to vote, I was so happy, like I knew something was going to happen. And it did! Yeah! Take that Quebeckers oh lol...  I did something great for my country: I kick Gilles Duceppe and the Bloc Québécois out of Ottawa! There you go! There’s a few left, but just a few represent the Bloc Québécois now at Ottawa. I think only 4 remain or something like that.

This had been my first week at my evening shift. That allow me to do bunch of things I wanted to do for very long. I did not write on HubPages like plan, but I did better than that. I spend quality time working on my portfolio. I had all the time of the world to do so. And the results had been quite good.

My trading week in review

Being at home during daytime is making it easier to follow my portfolio. Because of this, I decided it was time to sell my Yellow Pages Media Inc. (YLO). It wasn’t an easy decision to make. I had initially invested in Yellow Pages in 2009, when the company was still an income trust. At the time, I had purchased the units for less than 5$ each. I was getting that gigantic dividend yield of more than 10% with Yellow Pages right from the start. I was in heaven. Following their conversion into a corporation, the stocks had reached at some point, 6$ each. I did not sell at that time because I did not have any intention to sell my Yellow Pages investment. But lately, I saw Yellow Pages loosing in value and I decided to sell. I did not loss the investment I initially invested, but I lost because of the DRIP. Something like 300$. I may have loss in the dividend that got reinvested, but that money wasn’t directly coming from my pocket. Anyhow, it was time for me to sell my Yellow Pages Media Inc. (YLO) investment. I felt some kind of sad because I was holding it for so long and it’s been in my portfolio like forever. But the time had come. I reinvested the money in something that I know is a good company: Exchange Income Corporation (EIF).

I first invested in Exchange Income Corporation (EIF) in February of this year and ever since, I had been enjoying the monthly dividend payment and a great increase in the value of my initial investment. Since February 2011, Exchange Income Corporation (EIF) had increased their dividend and they had exceed the 22$ per stock for a little while now. The company is strong and stable. I had been pleased with my decision to invest a bit more in Exchange Income Corporation (EIF). But selling Yellow Pages haven’t been an easy thing. In my case, I become emotionally attach to the companies I invest in. I read about them every day, I follow them daily on the stock market, etc. But I know when it’s time to make a decision. On the other hands, I support the companies I invest in. So yeah, investment is not always easy.

Another thing that hasn’t been easy to live is to assist to a silver crash when it comes to my Sprott Silver investments. Until lately, Sprott Physical Silver Trust ET (PSLV) and Sprott Physical Silver Trust UTS (PHS.U) were both around 22$ per unit. Sprott Physical Silver Trust ET (PSLV) close the week at 16.05$ and Sprott Physical Silver Trust UTS (PHS.U) at 15.76$. I loss quite money there, but since I am not holding too much in both investment, the money loss is not that huge. And I am confident both investment will reach the 22$ per unit in a close future. The trick with Sprott investment is to stick and HOLD. Why am I saying so? Well, I had experimented Sprott investment volatility more than one time in the past. I will first begin with my experience with Sprott Inc. (SII).

Back in 2008, I was making my first EVER stock investment: 500 stock of Sprott Inc. (SII) at 10$ per minute. That was before the market crash event. FOLLOWING the market crash, my stocks value went extremely low, less than 5$ each in the bad period. But I never doubt about this investment. My faith in Sprott was basically the same as I have in God: indestructible, even in front of the most destroying market crash our modern time. What to do while facing destruction is very simple: STICK and HOLD, as I like to say. Since 2008, Sprott inc. (SII) had paid special dividend after special dividend. And my Sprott Inc. (SII) went closed to its original value. I had trade Sprott Inc. (SII) in many occasions since 2008. That was for the story regarding Sprott Inc. (SII).

I had a similar experience with Sprott Canadian Equity Fund. My timing was real bad, but in 2008, also BEFORE the stock market crash, I decided to invest a straight 5 000$ into the Sprott Canadian Equity Fund. At that time, my goal was to double the value of my investment. But than, the stock market CRASH... Leaving me with half of my value... In 2008, I invested in Sprott Canadian Equity Fund when the units were at one of their highest level ever. But really soon, I was hit by the stock market, leaving me with half of the value of my investment. Faith in Sprott? Oh yeah, because following the market crash, I took the decision to invest another 2 000$ in the Sprott Canadian Equity Fund. This was a smart move. Previously this year, my 7 000$ investment exceed the 8 000$. Currently, my investment worth a bit more than 7 000$. I am just curious how it will turn out in the future for the mystic Sprott Canadian Equity Fund. One day, my 7 000$ investment in Sprott Canadian Equity Fund will worth 100 000$. It’s just a matter of time before it happen.

I am writing all this because I had been criticized for my investment in Sprott Physical Silver Trust ET (PSLV) and Sprott Physical Silver Trust UTS (PHS.U), but I know what I am doing and from my perspective, I had made the good choices. Sure, I had been hit hard with this week events, but still, I know that when it come to Sprott investment, it’s like that. But I have to say, since November 2010, this is the first ever silver crash I am experiencing with PHS.U (I had been holding PSLV since last week only).

Of course, Sprott investments are like all other investments. It’s about diversification and investing moderately in each Sprott products to make sure to keep it in control.

I only live one bad experience with Sprott, it was with my investment in Timminco (TIM). I wrote numerous times about that one. So if you want to read again, you may want to use the search engine located at the right column of this page to find out about my experience. It was a bad one, but now, with other investments that perform well (compare to Timminco lol...), I totally recover from my loss.

There’s been the hell of a funny joke I read in a comment of a Globe and Mail article. It’s been announced previously in the Globe that Eric Sprott sold for 36 million of his own silver stuff he own in his Sprott Physical Silver Trust ET (PSLV). Following the announcement of his sell, Eric Sprott announced that he didn’t give up on silver, that he has reinvested the money in companies producing silver. Ok, no problem. But a reader comment said something like that Eric Sprott had reinvested the money in Timminco (TIM). Which, I find, hilarious, knowing Eric Sprott and Timminco (TIM) story. Crazy guy who wrote that comment! I still own Timminco (TIM) in my portfolio, so the reader comment make me laugh really hard. Especially knowing that I had been a Timminco (TIM) Eric Sprott little victim. What are we going to do when Eric Sprott will be retired? There will be no more gossip, Bay Street will be bored without him, don’t you think so? We’ll be losing one of the best financial entertainments of Canadian history.Go read it for yourself right here. The 6th comment worth the reading.