Post by
canadian on Nov 30, 2020 3:24pm
let it fall more.
let it fall more so that I can add every month and retire early.
Comment by
canadian on Nov 30, 2020 3:29pm
I was worried it would quickly run to 22$+. Thank god it looks like it will be in my buying range for an year.
Comment by
Sapho on Nov 30, 2020 3:34pm
As long as it does not fall below 16.03 , Added 15K on margin today,
Comment by
canadian on Nov 30, 2020 3:45pm
I believe margin traders are pulling the stock down. Good for me as I can add more. I am fine with any lower price.
Comment by
CANCDN on Nov 30, 2020 4:42pm
I'm perfectly fine with the trading range of 16-18. I trimmed some this morning as I had a sneaking suspicion we were in for a pull back. I have no issue adding in this range for a another year or so, or whenever. I like the sharp rises up, but these days of reits trading like Tesla are really starting to piss me off.
Comment by
canadian on Nov 30, 2020 5:10pm
Hmm. This may confirm many investors like u are trading on tight margins in reits. That's probably the reason for high volatility.
Comment by
CANCDN on Nov 30, 2020 6:16pm
I trade with a 10% cushion. I always maintain the 10% if it drops to 9, I trim bring it back to 10. I let it drop to 9 at close mostly because I wasn't paying attention. It's all good though, my monthly income on margin alone is like 6k. Trimming margin costs be about 60 bucks.. I'll take that trade off.
Comment by
canadian on Nov 30, 2020 6:20pm
Trading like this, aren't you realizing gains. Also with too many trades like this, CRA might consider your capital gains as income.
Comment by
CANCDN on Nov 30, 2020 6:27pm
It's a minute amount, and if I get taxed higher.. ohh well.