I am now at 165 897.05$

And the only reason why I am at 165 897.05$ is because I had decided to experiment day trading. I had played with 8 065$ in the following: Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) (2 898$), Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) (625$), Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) (2 792$) and First Majestic Silver Corp (FR) (1 750$).

I had experimented day trading had following this week, I won’t be tempt to do any day trading anymore until I get my trade completed in HZU, HOD, HZD and FR (until I decided to sell at profit). It’s something I need to experience for the heck of it. I could have sell HOD this Friday as well as HZD, but I decided to wait. I could had sell, but at no profit, even at a little loss. But I decided to hold until a better opportunity come because despite very high of margin account usage, my portfolio is strong enough to support it. I reached the extreme limit of what I could handle. Day trading more at this time would be very dangerous.

Day trading had been fun for the time it last, but day trading during the day does not leave any free time to do anything else during the day. Currently, I still hold HZU, HOD, HZD and FR but I have to say, this situation is not easy to handle because my goal was to sell on the same day when the purchase was made but in 4 times now, my timing was wrong. So will I do day trading again in a close future? NO WAY... Because it’s very disappointing when a sell cannot be done on the same day. Timing the stock market is way too much dangerous. On Friday at a time, HZU AND HZD went down around the same time. But usually, when one is down, the other is up... But that didn’t happen exactly like that on Friday... and also, HOD, I could have sell. At a point, HOD reached the original 6.65$ at which I had purchased it, but if I would had sell at that time, I wouldn’t had made any profit, and on top on that, i would had left something to pay on for the 9.99$ broker commission fee. All this today that what was fun at the beginning turn into something very handicapping, in the sense that I cannot concentrate on blogging or doing anything else during day time now until I sell HZU, HOD, HZD and FR. Because I need to there in front of my laptop to monitor the stock market and see if a price eventually reach my standard and then sell... I could set an automatic sell order of course, but the stock market being so out of control, it could happen I miss the sell by just one cent. Example, I set myself a sell limit price of 7$ for HOD. During the day, HOD hit the 6.99$ and not the 7$, well, too bad, but the sell order if being set for 7$ won’t go through... Frustrating... yes... But also, another problem being a question of timing as well from my part, it could happen a miss a sell opportunity because I am not quick enough but so far, I had been pretty good for that part and TD Waterhouse trading platform is extremely reliable, really excellent for day trading.

All this could be seen as very stupid coming from my part but fact is, I was looking to generate small profit only to add to my dividend income. But now, everything is pretty much out of control.

Well, not exactly because if you ask me if I can do a profit out of Horizons BetaPro COMEX Silver Bull Plus ETF (HZU), Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD), Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) and First Majestic Silver Corp (FR), well, my answer is yes, definitively, I will be able to generate a profit out of those investments. I am very confident about that. It’s just it’s something very difficult because during day time, I need to monitor minute by minute all of those 4 investments to see if a good sell opportunity is presenting. While doing so I cannot blog, I cannot write article for HubPages, I cannot go to the library, I cannot go take a walk to the park. I have to stay home dirty in my pyjama and all day long, all I do is refresh, refresh, refresh. Sound interesting? Truly not. Especially now with the wonderful weather we are having now in Montreal. But this was the price to pay for the willingness to make money from day trading. Do I enjoy day trading now? No, truly not. After spending the day in front of my laptop, I have to go to work for my evening shift. Hello misery!

There’s no easy way and my day trading experience have basically become a nightmare. I am not afraid to say it as clearly as that. But, the nightmare is not that bad. I do what I wanted, which was to experience the day trading and I personally needed to go through this because the temptation to make money was way too high. It’s something I may do again however, but with one investment at a time. Like right now, I am stuck with 4 day trading investments and it’s kind of becoming too much. So if it happens I want to satisfy myself again with a disturbing sense of wanna-make-money-from-day-trading ever again, it will be one investment at a time. Not 4 at the same time. Never again ok, never again.

I had been a bit disturb by my fantastic Sprott Canadian Equity Fund who had loss more than 1 000$ in value. I am basically back close to the original 7 000$ I invested in the fund back in 2008 and I don’t like that at all. Also, my portfolio had loss some great value because my fantastic Sprott silver had loose value. I hold Sprott silver in my RRSP, TFSA and now, in US dollars. So yeah, Sprott silver all the way, ok, but I want profit. Is that hard to understand?

lol...

But you have to understand me. I had been holding Sprott silver since November 2010. Between November 2010 and April 2011, silver had rock my world. I had purchased, sell, purchases Sprotts ilver units. I was in heaven. My units hold in Sprott Physical Silver Trust UTS (PHS.U) worth SO MUCH at that time! It was so fantastic. From 22$ to now the 16$ per units, yeah, the silver correction had hurt the value of my portfolio.

I was very happy when I listen to Eric Sprott latest interview (that you can listen in post below). All what he said make so much sense, was making so much sense that the only thing right I find to to was to invest in Sprott Physical Silver Trust ET (PSLV) again. And so I did, and I don’t regret it. Silver will gain value again, but it could be at a much lower rhythm than before. When silver will hit again, my portfolio will hit the net worth of 90 000$. I am just waiting for that to happen

Regarding my investment in Sprott Canadian Equity Fund that went from 8 000$+ to the current 7 000$+, well, I don’t really know what to think about it. It could be the sign that the market is not doing well and that another correction is on its way but I don’t really know what to think. However, Sprott Canadian Equity Fund is one of my top performers. I couldn’t imagine my investment portfolio without it.

I taught about selling what I hold in TMX Group Inc. (X) in order to decrease my margin account usage but it’s really not the time to sell TMX Group Inc. (X) because the company had refused the Canadian offer that been done in other to acquire them. This meaning that the deal with the London Stock Exchange is still ongoing and I am very excited because if it continue like this, TMX Group Inc. (X) could eventually reached the 50$ per stock and when it happen, hello big cash for me.

Patience will eventually pay off when it comes to TMX Group Inc. (X) as well as my experiment with day trading.

Knowing that, I have a major announcement to make. I know, I am crazy, but on my Friday, I invested again in Exchange Income Corporation (EIF). Why? Well, according to a source, Exchange Income Corporation (EIF) could eventually hit the 25$ per stock so I could not resist. I invested again in Exchange Income Corporation (EIF). But this is the last of the last, I will no longer invest for a little while, I am totally totally done.

Me and investment, is like famous Hollywood people and plastic surgery: it’s being done, done and redone. Never get enough. But now, I have enough despite knowing I can get what I want.

My investment portfolio on date of May 20, 2011

Savings:
550$

Non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII): 8 503.92$
Timminco (TIM): 80$
Blue Note Mining (BNT): 38$
Bank of Nova Scotia (BNS): 6 258.43$
Hanwei Energy Services (HE): 67.50$
Methanex Corporation (MX): 3 077.64$
Fortis (FTS): 3 560.96$
Pembina Pipeline Corporation (PPL):
10 447.29$
Just Energy Group Inc. (JE): 9 655.65$
Pengrowth Energy Corporation (PGF): 2 812.20$
Enbridge Income Fund Holdings Inc. (ENF): 6 093.75$
Corby Distilleries Limited (CDL.A): 1 720.10$
Davis + Henderson Corporation (DH):
4 149.36$
Premium Brands Holdings Corporation (PBH):
6 972$
EnCana Corporation (ECA): 6 585.20$
iShares S&P/TSX Capped REIT Index (XRE): 2 320.78$
Horizons Gold Yield Fund (HGY.UN): 1 890$
Canfor Pulp Products Inc. (CFX): 1 874.76$
New Flyer Industries Inc. (NFI.UN): 1 889.04$
Capital Power Income L.P. (CPA.UN): 1 919$
Exchange Income Corporation (EIF): 7 157.40$
Rogers Sugar Inc. (RSI): 1 605.12$
Student Transportation (STB): 1 373.60$
Colabor Group Inc. (GCL): 2 158.32$
TMX Group Inc. (X): 4 450.06$
Data Group Income Fund (DGI.UN): 3 991$
K-Bro Linen Inc. (KBL): 2 235$
Westshore Terminals Invest Corp (WTE.UN): 5 020$
WesternOne Equity Income Fund (WEQ.UN): 2 280$
Atlantic Power Corp (ATP): 1 473$
Horizons BetaPro COMEX Silver Bull Plus ETF (HZU): 2 898$
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD): 625$
Horizons BetaPro COMEX Silver Bear Plus ETF (HZD): 2 792$
First Majestic Silver Corp (FR): 1 750$

TOTAL: 119 724.08$

Stocks and Units investment portfolio US$:
Sprott Physical Silver Trust ET (PSLV): 2 522.99$
US cash: 4.12$

TOTAL: 2 527.11$ US

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): 22.65$
Dumont Nickel Inc. (DNI): 474.38$
Sprott Physical Silver Trust UTS (PHS.U): 3 272.16$
Cash: 2.28$

TOTAL: 3 771.47$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 090.59$
Claymore Gold Bullion ETF (CGL): 3 272.16$
EnCana Corporation (ECA): 3 260$
Emera Incorporated (EMA): 6 651.84$
Sprott Physical Silver Trust UTS (PHS.U): 1 090.72$
Cash: 65.08$

CIBC Dividend Growth Fund: 580.41$
CIBC Emerging Markets Index Fund: 402.59$
CIBC Monthly Income Fund: 1 049.17$

Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 251.85$
GIC Plus TD: 500$

Maritime Life International Equity Fund
(Templeton): 676.31$
Manulife Simplicity Growth Portfolio: 931.48$
Maritime Life CI Harbour Seg Fund: 1 113.26$
Maritime Life Fidelity True North Seg Fund:
1 072.70$
Manulife GIF MLIA B World Invest: 670.01$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 577.10$
RBC U.S. Mid-Cap Equity Fund C$: 2 062.03$
RBC Global Resources Fund: 1 183.69$
RBC O'Shaughnessy International Equity Fund: 678.13$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 223.48$
RBC Global Precious Metals Fund: 967.08$

TOTAL: 39 209.92$

Social Capital at Desjardins Membership share
for 3 accounts: 40$

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(74.47$):
165 897.05$

My debt situation on date of May 20, 2011

9 099.27$ at a low interest rate of 4.75% (RRSP credit line rates) = 432.22$ in annual interest

4 900$ at a low interest rate of 4% (credit line rates) = 196$ in annual interest

7 841.32$ on a TD Canada Trust credit card at a low interest rate of 4.9% (result of a credit card balance transfer) = 384.22$ in annual interest

7 580.28$ at low interest rate loan at 5.50% (student loan) = 416.92$ in annual interest

5 000$ at 8.75% (credit line) = 437.50$ in annual interest PAID OFF

10 000$ at 7.52% (credit line rates) = 752$ in annual interest

44 944.96$ at a low interest rates of 4.25% (margin money coming from TD Water house): =
1 910.16$ in annual interest

TOTAL: 84 365.83$

TOTAL in annual interest: 4 091.52$
[In date of May 20, 2011]

Celebrating Canfor Pulp Products Inc. (CFX) first dividend distribution as corporation

Holding Canfor Pulp Products Inc. (CFX) in my portfolio had been a blessing. If I would sell what I own of Canfor Pulp Products Inc. (CFX) at this time, I would be making a profit of more than 400$! Back in January of this year, following an exchange with the mountain lion hero, I decided to invest in some stocks of CFX. CFX had been waiting for me for quite some time actually.

The mountain lion hero mentions Canfor Pulp Products Inc. (CFX) in one of his email but I never took time to look more closely than that into the company. In beginning 2011, I began to trade more in order to increase my dividend income. And it’s at that time that I remember the email of the man. And then, I took time to review the companies he was mentioning. Capital Power Income L.P. (CPA.UN), New Flyer Industries Inc. (NFI.UN) and Colabor Group Inc. (GCL) were among those companies. And of course, Canfor Pulp Products Inc. (CFX). Canfor Pulp Products Inc. (CFX) dividend yield may be at time around 10%. Before its conversion into a corporation, Canfor dividend yield was more than 20%.

I had been amazed by Canfor Pulp Products Inc. (CFX). My investment gain value very quickly. Yesterday, I had received Canfor Pulp Products Inc. (CFX) first dividend distribution as a corporation. Time to celebrate!

Welcome again Physical Silver Trust ET (PSLV) in my investment portfolio!

Following my day trade with Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) (which I was very happy about by the way!), I decided to take a 1 000$ CAN and transfer it into US dollars. My 1 000$ in Canadian dollars worth 1 010.92$ in US ones. The exchange generate a profit of 10.92$, which is more than enough to cover one purchase commission of 9.99$.

Following Eric Sprott interview with Max Keiser that you can view in the previous post, I did what any investor would have done: I invest again in Sprott Physical Silver Trust ET (PSLV). Last time, I had invested in PSLV when it was at its 22$ 52 last week highest. As always, my timing was perfect... Shortly after, some sources came with the news that Eric Sprott had sell some of his Physical Silver Trust ET (PSLV) units, cashing in some enormous profit, something of the like of 36 million... Of course, the genius reinvested the money, but in other silver investment. Following what, the Physical Silver Trust ET (PSLV) was hitting down the 15$ per unit...

Despite the desperation, today, I invest again in Physical Silver Trust ET (PSLV) and I am very happy with the investment because I now own a mix of units purchase at 22$ and now, 16.03$. So overall, the new acquisition of today will equilibrate the whole thing. I won’t tolerate losing money on silver. That’s why I invested today again in some fresh new units of Physical Silver Trust ET (PSLV).

My investment in Sprott Physical Silver Trust ET (PSLV) is for the long term. Hopefully, my investment will double in value and this will happen very soon ok? I am done with selling, purchasing etc.... I want to concentrate on my HubPages. I have better things to do in life than just refreshing, refreshing, refreshing lol...

At this point, my investment portfolio, in US and Canadian dollars is absolutely perfect. I didn’t post an update of my investment portfolio for quite some time. If it happens that the TSX finish up today, I will to update my investment portfolio tonight.

About New Flyer Industries Inc. (NFI.UN)

If like me you hold New Flyer Industries Inc. (NFI.UN), my best recommendation is to HOLD. A reader asked me what I plan to do with this one, since NFI.UN had drop in value. I decided to stick to New Flyer Industries Inc. (NFI.UN) because it’s a leader in its industry. NFI.UN has the technology required to build bus transportation. They had handled very important contracts for public transportation in the past (for New York City, among other). Investors are crazy to be alarm because the company lost a 10% profit or something like it.

Once the situation in the US will become more stable, NFI.UN will raise in profit again. It’s very clear in my mind. Of course, it’s not fun to see a title going from 12$ to 9$. The case of New Flyer Industries Inc. (NFI.UN) is not like Yellow Media Inc. (YLO). New Flyer Industries Inc. (NFI.UN) will go up again. But when it come to Yellow Media Inc. (YLO), I doubt the company will ever reached its old 6$ per stock. I only sell stocks in case of necessity. Selling YLO was a necessity. And when it comes to NFI.UN, I think the company had good chances to go through this difficult time without too much problem. I could be wrong, but I really like NFI.UN. And New Flyer is a cool name.

And now Colabor Income Fund (GCL)

I also have the same philosophy when it come to Colabor Income Fund (GCL). Despite recent drop, I prefer to hold for now. GCL made some interesting acquisitions lately. Profit are going to come later or sooner. Colabor Income Fund (GCL)? HOLD :0)

Today, I day trade Horizons BetaPro COMEX Silver Bull Plus ETF (HZU)

Today, I wake up early because yesterday was the day were I could had sell what I own of Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) but I miss the opportunity since I did not wake up. As excuse, all I can say is that I finish work at midnight, arrived home at 1am and go to bed usually around 2am. Yesterday, Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) hit the 7.92$. I could had sell the units I had purchased at 7.79$, but I miss the boat. Same thing with Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD)... I could had sell HOD at profit yesterday, but there also, I miss the boat. The morning is really a good period for day trading, I know that now.

However, sometime, things happen for a reason, maybe I will be able to make a bigger profit on Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) and Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) than the ones I could had made yesterday.

Today, I wake up at 9am, just on time to eat breakfast and make myself some coffee before the Toronto stock market open. Today, my goal was to catch up with my flop of yesterday. Today, I wanted to sell HZD and HOD at profit. But it did not happen. Currently, both HZD and HOD are down... but Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) is up...

I could not resist trading silver again on margin trading alias day trading... so I jump, purchase 200, just 200 units of Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) at 9.47$ and I sell at 9.70$, for a cutty profit of 26.02$ after commission... I am done for the day with day trading.

It’s looking good for First Majestic Silver Corp (FR) who’s currently up of 4%. I have hoped to make a profit out of this one. Maybe not today, but at a later date, certainly, just like for HZD and HOD.

When HZD is down, HZU, PHS.U and other guys are ups. Knowing that, day trading on silver is possible and interesting.

According to Eric Sprott, silver is the investment of the decade

Recently, Eric Sprott had been interviewed by Max Keiser. In the interview, Sprott explained his sell of Sprott Physical Silver Trust ET (PSLV). His explanation confirmed what I taught. I hold both PSLV and PHS.U in my portfolio. I invested in PSLV just before the silver crash, a couple of days ago. I still hold PSLV and PHS.U in my portfolio in date of today and I don’t plan to sell. This interview is very informative and it provides good info for small investors like myself who want to take advantage of silver investment.

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.