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Notes From a Cyber Trader


RedMars
(0)

330587 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


  • Stock trading patterns prior to mergers raise more red flags


    153 Reads | 0 Comments | February 23, 2011

             Insider Trading______________Of Note:A super-sized rally preceding the public announcement of a takeover raises difficult questions.______________________________________________________________________________________________Stock trading patterns prior to mergers raise more red flagsMARTIN MITTELSTAEDTThe Globe and Mail Last updated Tuesday, Feb. 22, 2011 Just before its takeover...


  • RRSPs and Beneficiaries


    87 Reads | 0 Comments | February 22, 2011

             Taxation_________Of Note:You can avoid that tax bill if you pick the right beneficiary.Certain beneficiaries, known as qualified beneficiaries, will be able to receive the funds from your RRSP without anyone paying tax upon your death._______________________________________________________________________________________________Avoid RRSP tax with a proper beneficiaryPREET BANERJEE...


  • Dark Pools


    352 Reads | 2 Comments | February 21, 2011

       Of Note:When buyers and sellers want to shield an order from the public, they use dark pools of liquidity. These off-exchange venues are growing in Canada, leading to questions about opportunity and controlInstitutional investors can use them to make big trades without tipping their hand.Canada can expect more dark pools. U.S. provider Instinet Inc. plans to open two this year.______________...


  • Web traders


    127 Reads | 0 Comments | February 19, 2011

    Online Trading_________----___Of Note:Trading has always been a risky game, but now that online brokerages have made it so effortless to buy, sell and leverage investments, it’s even easier to let emotions get in the way of smart investing. Many blow through dollars like they’re playing slots, or spend so much time in front of a computer that they forget about their other commitments.__________...


  • Interlisted Symbols on the Toronto Stock Exchange


    2401 Reads | 2 Comments | February 18, 2011

             Of Note:I am now holding US Dollars in my RRSP account and can trade US Stocks without foreign-exchange fee charges.However, I am limited to the NYSE and NASDAQ only - so no OTCBB.One of the first things I thought I'd go over is the interlisted stocks.RM____________________________________________________________________________________________Interlisted Symbols on the Toronto Stock...


  • RCMP -- 11 charged in stock fraud scheme


    248 Reads | 0 Comments | February 16, 2011

            Of Note:$3-million fraud ring that allegedly bilked 120 investors by inflating stocks on the TSX-Venture Exchange.______________________________________________________________________________________________ 11 charged in stock fraud schemeBy Brian Daly, QMI AgencyFeb 16, 2011MONTREAL – The RCMP has arrested and charged 11 people from Montreal and Toronto in a $3-million fraud ring...


  • Why I Trade Penny Stocks - Part 27


    480 Reads | 0 Comments | February 16, 2011

    January 2011 results________________________I am a retail trader and all of my trades involve TSX Venture Exchange companies. My "Why I Trade Penny Stocks" posts are meant to highlight my strategy on trading stocks through a discount broker from my RSP and TFSA accounts.An immediate benefit of trading under these types of accounts is not having to complete annual tax forms or paying annual...


  • High-frequency traders changing the game


    210 Reads | 0 Comments | February 13, 2011

    Trading________Of Note:Those who process large amounts of data and react immediately stand a better chance of staying ahead or maybe even on top of the markets.Although relatively new in Canada, high frequency trading has been around for more than 10 years in Europe and the United States.It’s believed about 30 per cent to 35 per cent of Canadian stock trades are HFT transactions.The stock...