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Notes From a Cyber Trader


RedMars
(0)

330724 Reads | 868 Comments | 196 People call this a favourite

I'm a retail ("same day"/swing) trader who trades between 40 and 60 trades a month. I primarily trade from an RSP and secondarily from a TFSA account through a discount broker. I'm convinced the whole marketplace is set up to position the "retail trader" at a disadvantage - Starting with you're very own online discount investing broker! 99% of my stock picks are from the TSX Venture board. I do not make stock recommendations. Those who do, do it out of self interest and prey on others so that they can sell them their stocks in the end and then announce they closed their position. Why else would you tell someone to buy?? As Ayn Rand professed - There is no such thing as altruism. I will on occasion disclose stocks I routinely trade but do not recommend them. Its your job to pick your stocks and develop a trading strategy. My blog includes info on: - Mining and Energy Stocks. - Online trading - Technology - Current events - Books/Music


  • Who's got your back?


    175 Reads | 0 Comments | September 8, 2010

     Of Note:More rampant -- and less reported -- are tales of investors being taken advantage of in little ways. Hidden fees, dodgy trades and double dipping by brokers: These aren't necessarily illegal, but hurt far more investors than the occasional outright fraud.The country is viewed by many as a haven for insider trading. Its mutual fund fees have been identified as among the highest in the...


  • TSX Quotes Delayed


    152 Reads | 2 Comments | September 7, 2010

     Got the following message from RBC Direct Investing when I logged out and logged back in after noticing many discrepancies between my trading pages._____________________________________________Important Notice Subject: Technical Advisory – TSX Quotes Delayed Date: 07 Sep 2010at12:41 PM EST --------------------------------------------------------------------------------Please be advised that...


  • "Quote Stuffing" - SEC Probes Canceled Trades


    186 Reads | 2 Comments | September 6, 2010

     Markets______Of Note:Regulators are scrutinizing what some in the stock market are calling "quote stuffing," trading in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second, only to be canceled almost immediately.Traders say the phenomenon of huge bursts of orders flooding stocks and then getting canceled has risen with the growth of high-speed...


  • Alpha vs TSX - "Momentum Initiative"


    728 Reads | 2 Comments | September 5, 2010

      Of Note:Tsk tsk  tsk....I'm convinced the whole marketplace is set up to position the "retail trader" at a disadvantage - Starting with you're very own online discount/investing broker!...............Canadian market regulators, seeking to ensure investors get the best deal when they place buy and sell orders for stocksPotential for conflict created by the fact that the brokerages that...


  • Why I trade Penny Stocks - Part 21


    163 Reads | 2 Comments | September 3, 2010

    How I got started with my TFSA trading account and how I have fared so far.In Dec 09, I decided to redeem some of my RSP proceeds and start my Tax Free Savings Account (TFSA).I redeemed $5,000.00 on Dec 15/09.  (The bank kept 10% for taxes so my net was $4,500.00.)$4,500.00 was deposited Dec 16/09.I redeemed a further $2,500.00 on Dec 18/09 (The bank kept 10% for taxes so my net was $2,250.00...


  • More cash into gold - hedge funds


    201 Reads | 0 Comments | August 25, 2010

    Precious Metals_______________Of Note:Investors' love affair with gold continues.-  using the SPDR Gold Shares exchange-traded fund to increase their holdings._____________________________________________________________________________________________News from globeandmail.comProminent hedge funds pour more cash into goldWednesday, August 25, 2010SIMON AVERYINVESTMENT REPORTEREven without any...


  • GMP Capital Inc, a leading independent Canadian investment dealer


    1295 Reads | 0 Comments | August 25, 2010

     Investing__________Of Note:GMP Capital Inc., the second-worst performing financial services stock in Canada this year, plans to compete against larger banking rivals by presenting “disruptive” ideas to clients, the company’s new chief executive officer said.The brokerage firm's incoming chief executive officer, Harris Fricker, has a mandate to bring on the next generation.Much of the original...


  • Preparing for the Next 'Black Swan'


    266 Reads | 0 Comments | August 23, 2010

             Of Note:Investors are betting on still more financial pain in the months ahead.A growing number of money managers and financial firms are rolling out investment products designed to exploit big declines known as "black swan" events. Most of the products are geared toward institutional investors such as pension funds, endowments and high-net-worth families—but black-swan strategies are...