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Notes From a Cyber Trader


RedMars
(0)

330799 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


  • Why I trade penny stocks part 8


    451 Reads | 8 Comments | February 1, 2010

    Keeping track of your trades._________________________Its very important to keep track of your trades. How else can you determine if and why you are making or losing money especially if you are  an active trader. It also helps with setting goals.I keep a daily summary in a day timer ( as well as on an excel sheet).In it I keep track of my pre-trade balances for the start of the day for both my...


  • 'Rich Dad' seminars deceptive: Marketplace/CBC


    464 Reads | 7 Comments | January 30, 2010

    Scams ?_______I caught this last night on CBC. More deceit, more denial, more how I can get all your money. This stuff never ends.(Link to see the marketplace episode at end of post.) Kiyosaki does his best to do damage control.Of Note:Workshop series that purports to teach Canadians how to invest in real estate and stocks uses deceptive tactics, gives questionable advice and focuses more on...


  • Gold bull homes in on miners adding reserves


    86 Reads | 0 Comments | January 30, 2010

    Number Cruncher_________________An investment column about screening for stocks and funds.Monday, January 18, 2010 6:48 PMGold bull homes in on miners adding reservesShirley WonThe Globe and MailWHAT ARE WE LOOKING FOR?What the pros are buying.It's worth perusing the top securities of funds to get some ideas. You can find a list on a fund company's website after each quarter, or after each...


  • Life imitating art


    151 Reads | 0 Comments | January 28, 2010

    Oscar Wilde aphorism, "Life imitates art far more than art imitates Life.The obvious:______________________________________________________________________________The most recent innovation with some inspiration from the 1968 film - 2001 A Space Odyssey2010 Apple iPad______________________________________________________________And one more thing......Thanks for checking out my page. Red Mars


  • Drillers face labour shortage


    110 Reads | 0 Comments | January 28, 2010

    ENERGY______    _Of Note:After a year spent laying off huge swaths of their work force, oil patch drillers are now so strapped for qualified workers that they have begun aggressive advertising in places such as the East Coast.The Petroleum Services Association of Canada said yesterday that it believes 9,000 wells will be drilled across the country in 2010, up from 8,450 last year.______________...


  • New iPad pics


    78 Reads | 1 Comment | January 27, 2010

    Apple's "latest creation"  iPad____________________________________________________________________________________________...Thanks for checking out my page. Red MarsThe iPad: First Look   


  • New Junior Gold ETF started


    3522 Reads | 5 Comments | January 26, 2010

    Of Note:BMO Junior Gold Index ETF started January 19, 2010Not yet showing up on Stockhouse. I got the following message:"ZJG" is not a valid symbol. Please enter a new symbol.update: ZJG now a valid symbol on Stockhouse Jan 27, 2010 ____________________________________________________________________________________________Portfolio Strategy