Be ready, TMX Group Inc. (X) is on fire

My experience with day trading had been a positive one despite the fact that I still hold on date of today several investments that were supposed to be sell on the same trading day. They are: BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) (buy at 6.65$), Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) (buy at 7.79$) and First Majestic Silver Corp (FR) (buy at 19.34$). Currently, BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) is at 6.37$, Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) at 7.23$ and First Majestic Silver Corp (FR) at 17.30$. Because those 3 holdings are not penny stocks, chances are I will, on a later date, sell those 3 investments at profit. And that’s the reason why my day trading adventure had come to an end.

On May 12, Google Blogger platform experienced some technical difficulties and because of that, some interesting Anonymous comments had been lost. I had been able to retrieve one of them. One of those comments that I now believe been erased was saying that I had sell BA to invest in silver (that happen several months ago, so you can consider that the comment was coming from a long time reader!) and that I had turn myself into a speculator instead of an investor and so on. Wow... Back in November-December 2010, silver was hot and was climbing and gaining in value like crazy. It was natural to wanted to follow the silver flow. I mean who wouldn’t like to make easy money on silver anyway? I don’t regret my move, trading silver on Sprott Physical Silver Trust UTS (PHS.U) had been quite fun and enjoyable.

But overall, if you consider between being an investor, making thousands of dollars by buying and holding or being a day trader making less than an hundred dollars per day, well, I prefer to be an investor and stick to what I do best, this being buying and holding. Day trading is fun and exciting but it required a lot of attention and it can really burn you from the inside. For the couple of days I concentrate myself on day trading, I was in front my laptop, doing nothing more than trying to time the Toronto stock market. And it burns me. This being my own experience, other people can handle it, like DVDguy, for example. So why, would you asked me, why did I start day trading? Well, everything related to the stock market is hot and sexy. It’s too bad, but having the opportunity to make quick and easy cash, I could simply not resist. The temptation was way too high. I still have my dream stuck on day trading, but with those 3 pending sell order in BetaPro NYMEX Crude Oil Bear Plus ETF (HOD), Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) and First Majestic Silver Corp (FR) I will say I had calmed down. Day trading is the opportunity to make quick and easy money from the stock market. Why should I stay away from the opportunity? This being said, I will continue to focus mostly in investing rather than day trading.

Obey to the impulse...

Lately, I had been told as being impulsive by a reader. My investment in TMX Group Inc. (X) was certainly an impulsive one. The announcement of a merger with the London authorities a couple of months ago captivated me. I did not hesitate; I invest in some TMX Group Inc. (X) without thinking, using monopoly money. I wanted to be part of the deal. I knew the TMX Group Inc. (X) stock value was going to gain in value. And it did. Today, TMX Group Inc. (X) gain more than 6%. If I would had sell my TMX Group Inc. (X) stocks today, I would had made more than 300$ in profit. Am I going to sell now? No way. Things are just getting more interesting for the TMX Group Inc. (X). Also, another dividend payment is on its way for TMX Group Inc. (X). Investing is a great thing, but answering to my “impulses” is what had paid best to far. No way I could have known for sure what was going to happen with TMX Group Inc. (X). You have to keep in mind that as a human being, all the answers are in you, you just need to listen to yourself, keep grounded and if you are more or less equilibrate well, listen to the impulse lol... It’s quite very something that I wasn’t describe as impulse before actually.

Actually, it’s not about obeying to the impulse, but more about satisfying the impulse. And when I get a comment of the like “you don’t know what you are doing” well, to that I am tempt to answer that’s right, I don’t know what I am doing, but I know how to obey the impulse.. lol.

Great gains for Data Group Income Fund (DGI.UN)

Anyhow no matter what it is, for the past couple days, another investment of mine had performed extremely well: Data Group Income Fund (DGI.UN). I had invested in Data Group Income Fund (DGI.UN) after a reader send me an email, saying he was investing in EIF and DGI.UN and both were about to make fantastic gains. I did my own reading of course and find both companies very great. I invest little money in both companies and so far so good. Same thing with Westshore Terminals Invest Corp (WTE.UN) and WesternOne Equity Income Fund (WEQ.UN), who both were suggested by 2 other readers.

This being said, Data Group Income Fund (DGI.UN) had extremely made very good gains and it was about time. For a while, I had considered Data Group Income Fund (DGI.UN) as being one of my troublemaker stocks. But of course, it’s not anymore.

More about First Majestic Silver Corp (FR)

I wanted to wake up early this morning to listen to the Conference call giving by First Majestic Silver Corp (FR) concerning the financial results of this first quarter. But it did not happen. FR made more than 20$ million for this first quarter. I still have hope to sell First Majestic Silver Corp (FR) at 20$+. But the title seems to be volatile, which is good, but I cannot wait for the title to gain in value again. There’s still hope for this trade to be completed soon.

Day trading yes, but moderately.

The ABC of Day trading with TD Waterhouse

Despite being stuck with some stocks that were supposed to be hold for one day for dy trading purposes, I did it again. This time, the profit is extremely tinny because as you can imagine, I sell in a rush. I made 7.02$ (!!) from day trading Horizons BetaPro COMEX Silver Bull Plus ETF (HZU). Despite what I wrote yesterday, I trade again today. Day trading can quickly become addictive and no matter how little the profit is made, it’s a profit made out of nothing. I may not totally closed the door behind day trading, but at this time, I am stuck with 3 trades that were supposed to be sell on the same day for a little profit: Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) (buy at 6.65$), Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) (buy at 7.79$) and First Majestic Silver Corp (FR) (buy at 19.34$).

Tips and tricks for day trading using TD Waterhouse platform

My experience with day trading had been a constructive one. If you are tempt by day trading, what will follow describe the way I did the day trading in the past couple of days.

Where to start in you TD Waterhouse broker account

15 minutes following the opening of the stock market, at 9:30am, I usually begin my day by looking over the section “Markets & Research”. At the right column, take a look at “TSX Comp” under “Company movers”. You’ll see right there all the top performers for the day. You’ll only day trade stocks that appear on that section. Why? It’s because the ultimate goal is to make easy profit on a quick buy-and-sell scheme. It does not always happen on the same day. For that reason, you’ll trade only quality title and avoid penny stocks.

My best advice: for day trading purposes avoid penny stocks

On the section “Company movers”, many penny stocks will appear. Don’t trade anything located below 5$. Why? From what I experience so far, I found penny stocks even more volatile that all of the rest of the stock market. The stock market being already volatile enough, you don’t want to create a more volatile trading environment for yourself by picking penny stocks. Because as a day trader, you want to put all the chances of the world in your trade. That’s why you’ll avoid penny stock.

Avoid the one time hit wonder stock

Ok, you saw what the possibilities are for your day trading. You avoid the penny stocks. One stock (I will give an example) Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) is up of 5%. Good. But before day trading HZU title, you’ll verify the trading volume to make sure you’ll not get stuck in a one hit wonder.

To place that verification, I use stockwatch.com. Enter the ticket HZU in their search engine. Verify the column “#Tr”. It’s currently say 1 400. You are good. The fact that the title being highly trade will make it easier for you to make a profit out of a quick buy-and-sell trade.

A one hit wonder stock is a title that has a low trading volume. Suddenly, the title gain in value. Sometime for no reason. Many of them appear as Company movers of the TSX.

Example: a couple of days ago, Mercer International Inc. (MRI.U) appears in the Company movers column. Mercer International Inc. (MRI.U) was making interesting gain on that day. I verify MRI.U trade volume, and it was low. It may have been of what it is now, something like only 1, I don’t exactly remember. However, a low trading volume is not good for titles your willing to trade for day trading only because less a title is being trade, less are your chances to be able to generate a quick profit out of a buy-and-sell.

Another example I can come with when it comes to low trading situation is Corby Distilleries Ltd (CDL.A). When I first start investing in CDL.A, I had purchased stocks at something like 15.35$. For a long time, CDL.A value remain the same, at 15.35$ or around. That was partly due to the fact that Corby Distilleries Ltd (CDL.A) is barely trade.

So far, those 2 main guidelines: no penny stock and a quick verification of the trading volume have helped me to generate a small income from day trading. Day trading yes, but under condition. Another tip would be not to invest too much in the same trade. The more you invest, the more your chances of making a huge profit increase, but that come with a higher risk. Focusing on small profit instead of larger one may help to keep your day trading real.

Happy day trading!

I sell part of my Davis + Henderson Corporation (DH) stocks

Too much of the same thing is not a good thing, especially for monopoly money fan like myself. I sell 100 stocks of Davis + Henderson Corporation (DH) today at 20$+ because those were stocks that been purchased using margin money. I still hold some DH stocks inside my portfolio.

I wanted to sell some stocks of Premium Brands Holdings Corporation (PBH) as well, but currently, PBH is performing extremely well and finally, I have up about selling even one stock of PBH. I am currently at 36 000$ on my margin account, for a 110k investment portfolio value. I used 5 000$ to pay off my credit line and currently, 31 000$ for investment purposes. At this point, my margin usage is reasonable and I feel better this way. And no, I won’t sell Premium Brands Holdings Corporation (PBH) now. Premium Brands Holdings Corporation (PBH) is on its way to reach a permanent 17$ per stock. I want to be in when it’s going to happen.

I am not looking to sell Premium Brands Holdings Corporation (PBH), but I would certainly like to sell, at profit of course, my stocks hold of TMX Group Inc. (X). This investment represents more than 4 000$ by its own. One sell, the part of my margin account on use will only be of 32 000$. Nice. I am not on a rush to sell TMX Group Inc. (X). And when I am going to sell, it’s going to be at profit.

This being said, my precious Sprott silver hold in Sprott Physical Silver Trust UTS (PHS.U) and Sprott Physical Silver Trust ET (PSLV) is doing down again. FR went down as well. When it comes to PHS.U and PSLV, those 2 are investments made for the long run. When it come to First Majectic Silver Corp (FR), it was different, I wanted a quick buy and sell... and a profit but it doesn’t went the way wanted for that one. However, First Majectic Silver Corp (FR) will eventually go up again and when it does, I will be in.

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.