No more CHA! Trade Trade!

Today was another busy day at trading! First of all I want to highlight my difficulties again. Because only then can you my readers truly understand what I do. We are getting our staircases finished because we just moved into a new house. Sooooo at about 9:17 the stair guys come. I'm like O GREAT! I also had my omelette sandwich in my hand, I stopped making cha in the mornings now due to time constraints and I also had calls coming from my mom about 2 times within 5 minute time span because I had to cancel some appointment for her and also she wanted to tell me that she made me some roti so I can eat it. I don't hate on that. I am just saying and all of that happened between about 9:17 and maybe 9:35 ish. I was like to myself "WHAT ABOUT my trading?" I got sad.

The guys who are finishing my stairs were like omg your stairs have not dried up yet, we cannot coat them with the final layer we will come back Thursday! So NOW, I am happy!! Mu ha ha. Trust me people, you know it rough when I stop making cha for myself in the mornings!

But I traded today, managed to pull out a winner. I traded Urban Outfitters...LOL I just found out right now while writing the blog which company I was trading...does Urban Outfitters operate in Canada? 

Please Right click Chart, Open in New Tab

Below are my trade tickets and P/L for the day.

I didn't play with full risk today because I knew I would be caught up with the dudes who are finishing my stairs so hence the smaller share sizes. 

I few things I want to highlight, for anyone who trades or is doing or starting anything else in life, you really have to treat it like its the only thing you got. If you don't then you wont get results.

Calls, calls and more Calls

Anyone who hasn't listened to Missy Elliott's song one minute man song here it is http://www.youtube.com/watch?v=XayUCLgxS5c

So why is did I include this song? It is because just like Missy Elliott's 1 minute men this trade was pretty much the same. There was VERY VERY little time to process information, I swear my brain was scrambling. I only knew 1 thing and that was to GET IN THE TRADE.

Here is the trade below:

Right click Image, Open in New Tab

If you look at my prints below you can see I entered the position at 9:33:46 and last trade was executed 9:37:07 That is exactly 3 minutes and 20 seconds. And my profit? $152

Props to one of my readers for mentioning I had a type in my post! shout out to @usmaanmujtaba for pointing out the fail. It is now fixed. 

I am just trying to make the world realize how QUICK, ALERT and HOW FAST I have to make my decisions. I've missed plays in the past and I really really HATE the feeling when plays get missed or my orders get skipped. If I even pushed "BUY" maybe 1 second later it would have made a massive difference to my end result. 

Now imagine trying to trade and also getting phone calls at the same time, my house phone + cellphone were going off the HOOK before during and after the trade. LIKE PEOPLE I AM TRYING TO TRADE. (not saying don't call me) but like come ONNNNNN.

Please refer to image below of my incoming calls this morning during trading: I have left out the names! Also I got a call a t 9:27 on my house phone!

Thank you,

Enjoy your day everyone! 

First day Back

It's September, the summer is kinda behind us, for students it's like New Year's Day haha! I want to go back to school, life was so chill, all I took to school was a pen and a notepad. I kept it old school, I tried to fit in with others and take my laptop and I found it was the dumbest decision of my life. I think I only took my laptop to school once. I rather come empty handed and carve notes into my skin with my chewed up nails. (Not)

Okay but today was my first day back to trading, I've been waiting a whole month and it was a good day to learn to pay attention, take it slow (the way the ladies like it) and lastly I need to create a trade checklist because I ended up inputting too many wrong orders. I was lucky the market wasn't mean, but just like a teacher who forgives that late student on the first day, the market was very nice to me. I made a few mistakes when I wanted to input my orders and still somehow I ended up walking out with a profit. Who doesn't remember the hit 90's show Forgive or Forget?? Today the market forgave me. If I get fancy again it may chew me up and forget me. ( the show wasn't as good as Jenny Jones) 

But lesson learned today: Ensure orders are entered correctly and double check before pushing buy / sell. 

Here is the trade.

It was a beautiful short setup, I don't know what it is about shorting but OMG shorts are just something else. I played this on the 1 minute chart, I am getting a lot better at choosing the right setups with the right time frames. Normally being aggressive out of the open is not my thing but it can only be done if a stock and the market is properly understood prior to the open. It took me probably less than 2-3 after the market open for me to develop an understanding if I should trade this or not.

Right click Chart, Open in New Tab

Here are the trade tickets:

Right click Image, Open in New Tab

No more playing around, mistakes can't keep happening over and over again, it just leads to bad behaviors. 

Trading Tales : Panera Bread

The first ever time I day traded Panera Bread I was super happy, it was a beautiful short, it was clean and it took a a lot of patience (almost like baking bread). So that day I told myself that I would go on a mission and take a picture with every company I day traded. Originally I thought Panera Bread was an American only chain but soon found out there are a couple of them in Toronto. This was not a planned photo shoot hence the funky shirt and so on but hey Panera Bread is first in the album!

Enjoy the picture! I didn't go inside because I don't do business with the stocks I trade. Mu ha ha 

Photo taken by: My fiancé <3 

Next on my list of  companies: 

BBRY (Waterloo), MSFT (Mississauga), IBM (401/404 area), AMD (if in Toronto), SWY (Vancouver), MCD (any major intersection), YUM (Vaughan), HD (Airport / Queen), LOW (Steeles / Kennedy, WMT (Airport / Queen). 

It's so hard remembering names, sometimes I will arrive at work and my friend will ask me "Sandeep what you trade today?" And honestly it's so hard remembering, they're just ticker symbols ladies and gentlemen, I won't remember even a few hours after trading what i traded. Sometimes I don't even know the full company name...it's just that crazy, it's all about setup setup setup. I don't care if it's GOOG or AMD, it's all about setup. A few people have asked me "what stocks do you trade?" And my answer is "any stock" because it literally is just any stock that's got the right setup. 

But. 

There are 2 types of stocks and I've mentioned this before. The first type of stock is the dirty stock, this is a stock you stay away from when day trading, my favorite example is COH. Please use extra caution with these stocks. The second type of stock is a clean stock, this stock follows all rules, all patterns and is the calm puppy, an example is ummmmmm I will say IBM for now. 

The following are the stocks I don't trade: 

Banks and miners, they just ummm not my thing. You will never ever ever read a post about a bank stock, don't matter if it's Canadian or US, nah, I don't touch...I've tried years and years ago...didn't really work. 

I would line up the XLF with all the banking / Financial stocks in the US and try to find patterns and turning points but I wasn't too happy with my results so now I don't bother. I moved on. 

There you have it. Officially my album has started. 

Listing and Selling your property PRIVATE : iSold!

Selling your Property Private

• You need yourself
• You need the help of possibly friends / family
• You need to NEVER give up, never lose hope, NEVER EVER EVER let anyone tell you "you ain't gonna sell this" and when they do tell you, you look them in the eyes and tell them "watch me..." - DO ensure you sell it by yourself to save yourself from being harassed and humiliated. 
• You need a property to sell (obviously)
• If you get a good lead or a buyer that is even some what interested you will need to follow UP and follow up and follow UP. why? because following up is FREE.
• Important: Raid your area with information signs about your property. We bought ours from the dollar store and wrote "4 Bedroom + Finished Basement" and included our phone number and put the signs up near plazas and local temples. These generate tons of leads and it wasn't our open house efforts that sold our house, it was a sign we put up at the exit of a plaza that sold our house. How do we know this? Because every time someone would call we would ask them how their heard of our property! Any one interested will dial the number. And how much do these signs cost? $1.25 for the sign and about $1.50 for the metal wiring that goes into the ground. Total cost: $2.75 so even if the city takes the sign its WORTH it because they generated an average of 4-5 phone calls a day. 

I will now list how we sold our house privately, the amount of effort it takes and also the emotional turmoil, time turmoil, family turmoil, friends turmoil and did I forget to list emotional turmoil? Yes, basically every type of turmoil you will go through. And trust me, I live in Brampton...it is a hot area, houses here don't last long if you in a hot hot area for example the area of Queen St / Gore Rd. This is a RED HOT SALES EVENT market.

Day 1: 

The entire family was epic excited to do our open house, we thought our house was the BOMB, it has a nice fresh basement, side door, double garage, we in the hot Gore Rd. market, we close to highways, we got the garden going in the front yard and the back and we got fresh paint on the walls and our house is kept in very very good shape. We were like THIS baby gonna sell like McChickens on Wednesdays.

Day 30:

The turmoil, the fear, the feeling of "why not?" and also a ton of others feelings. But you know what, we listed this and we closing this sale too, we took the challenge and straight up we didn't back down. If I was a Real Estate Agent I'd probably go home and cry every time I did an open house, it is so frustrating to watch families, couples, singles, random people, young people, kids, elderly people and a ton of other type of people walk through your home and say "we like it, we will call you back" - how many of the people called back? 0. That is WHY you MUST CALL them! 

Day 60 ish:

BAM, a group of 6 people walked through the house, we got some good vibes and that is it, I followed up with them 2 days later and the deal was closed (it did take a little negotiation, emotional turmoil, and about a week to finalize everything). I didn't do all the work, I have to thank my family and their continuous efforts, the cleaning, the prepping, the staging, the phone calls, putting up open house signs and everything else. We basically were our own real estate agents. We paid ourselves by saving the 3.5% or 4% that the agent(s) take. Now you consider even 3.5% on a $550,000 property that is a savings of $19,425. We basically paid our selves $19,425 in about 2 months instead of giving that away. Now this is not written to say do not go with an agent, agents do a lot of work, its not easy and only list your house on your own if you know you have the guts, the glory, the human power, the support, the time and the patience. If you don't, then hire an agent.

Enjoy the Picture Below:

Burnt my cha (tea) and almost my house - Day Trading Dangers

I consider my cha (tea) a very important aspect of my day to day routine. It relaxes me, it warms me up (since my office is in my basement) and lastly it is my CHA, I take great pride in it. But today, I came down after showering, it was about 09:15 (that is late) and since the market opens at 09:30 I was in a rush. So what did I do? I put my cha on the stove and went into my office to see what is up with the markets and which stocks I want to trade......very tragic mistake

at 09:31 (1 minute into market open) my fire alarm starts going PEW PEW PEW PEW...I was like huhhh???? "omg my CHA"

The following pictures are of the tragic scene. My cha was burnt, my pots base separated from the rest of the pot, it is no longer useful.

Base of my cha pot separated from the TOP...when I tested my pot to see if it was safe to use again, water came out from that nasty nasty separated area.

My mom called me, I told her what happened, she was upset. I put the pot in the backyard. It is now resting. 

And like anything else in life, when one thing can't do the job "on to the next one" 

New Pot

I feel blessed

Ima write this like a grade 10 essay

Intro:
On the side is the raw Convo my friend and I had after we finished work. He actually had the guts and balls to text me that late at night. Everyone that knows me knows i go to sleep at 10PM and wake up early. But me being me, the loner that I am I was like yes someone finally texted me, I replied as if it was a BBM message (extinct technology) So I texted him back, right away and asked what's poppin (G talk)

Thesis:

In the next few sections I will explain how my friend went from keeping his money in a savings account to smacking it down in a stock. (I hope that's a thesis) I will not write which stock because he hasn't had the balls to purchase it yet. 

Body:
So imagine my friend had $10,000 just sitting around, now also imagine being my friend and sitting next to me at work. The only topic I talk about is girls, girls and more girls. Joking. I'm annoying, so ill talk about my trades and my chai tea (aka cha) everyday this man has to listen about my day trades or my cha, until 1 day (which was Wednesday) this man snapped and went out and opened a Tax Free trading account and now he is well on his way to buying the stock of his dreams.

I know he did it because I peer pressured him into it, it's not easy sitting next to me at work. Yesterday he left early and I got sad, so today he's gonna have to make that up to me. He didn't do it because I peer pressured him, this isn't smoking or drinking, this is making Mula, he saw $$ and he saw that his $$ was getting 1.15% interest in a savings account and he saw a green light turn on. Okay, he didn't even see the mula, he saw an opportunity and he thanked me later saying props and gave me a hug. It's fun to take chances, especially when you've got a library card. Not only if he super excited, he's turning into a stock wizard, the man knows how to read candles, he reads the news more than he talks to me, so I'm kinda jealous now because I'm very possessive.

He will make the purchase of the stock soon, since it's a trading tax free savings account it will take a little while to set up, possibly Monday! I can't wait, my fellow at work will be investing soon.

This is the example I use. And I swear I only chose a Civic because it's simple, it's a great car and also a great example, I am not picking on an Civic owners, I love Civics. Imagine you have a Honda Civic, precisely a Civic SIR like the ones in the original Fast & Furious.

Now imagine you want to put a turbo, new rims, exhaust, spoiler(can't forget the spoiler), intake, Kicker Subwoofers, deck, shocks, tires (precisely some tires that your rice ass car doesn't need) and then finally you gotta get the $150 oil changes too right? And that's every 1000 km because your Civic SIR is god. So I will do a grand total estimating of how much all of those  parts will cost you and I totaled $6500. So what that means is $6500 left your  pocket. You didn't even get to risk it! NOW  that makes you think doesn't it????

Now imagine you took even $1000 out of that and put that into a stock. Say you assessed your risk and understood that if the investment goes wrong you'll only lose $100. Now imagine you made $100 after 2 months. You made 10% return, will your Civic get you 10% return? NO! It won't even get you the ladies, how's it gonna make you Money? Get out. So if you really really reallllllly want to you can.

Conclusion:
Honda Civic upgrades: $6500 leaves your pocket instantly
Negative Return Guarantee
Maintenance on your garbage turbo
Doesn't take balls to drive a Civic

Invest your Money: $1000 invested, doesn't mean $1000 will be leaving your pocket, liquid as water
Potential of insane returns
No guarantee, no major start up costs

So get  off the Civic Nation forum, read my blogs instead! Click here to learn about Canadian Brokers: Questrade or Virtual Brokers

But if you love cars (I am a car lover) I understand, now ladies if you buying that MAC makeup for a couple of Gs, you should also consider doing this. Just forget the blush, forget the matte lipstick and just buy some stocks.

Click links below to read my previous trades:
Watch Bread Bake - Without an Oven
The Alley from Wade to Lebron

Click Here to read About Me

The Ideal Discount Broker for Canadians

I just want to make it clear I am not getting paid any $$ money to write this post. It is only my opinion. I don't work off of a lot of information but what I do work off of is price. I strongly urge do your own research, but if you are paying too much right now per/trade then get out, switch out, don't pay that disgusting amount. If Wal-Mart selling me bananas for .50 cents / lbs and the Indian Grocery store doing it for .55 cents / lbs, I'ma go to Wal-Mart! ($WMT)

If you don't have a trading account then this is still a good read for you, if you plan on getting one then its an even better read, if your paying $9.99, $24.99 or if you are the ultimate fail you can also be paying up to $29.99 a trade (now that is only if you are an ultimate failure). So keep reading sit back, call over momma + poppa because if they got self directed RRSP or TFSA accounts they wanna be reading this too. Some of you may already be with these brokers but honestly some aren't, so this article is for the failures. I will not list or defame any companies in this post because honestly I have a life, I am not here to bash companies, I am only here to express my opinion on what is possibly the best choice out there at this time for the general client who needs to execute some trades. So Ima basically skip everything and go to the one's who I think are legit. I personally have dealt with only one of the two brokers I will mention, but honestly within the next possibly 6 months trust me I will be dealing with the other one too.

First thing FIRST. Get yourself  in a Tax Free Savings Trading account. Don't listen to the non-sense out there, I don't CARE if you are getting 1.5%, I honestly don't, take your $150 of interest income on $10,000 and go buy 17 McChicken meals, get out. If you do not need immense amounts of leverage for day trading and you are a buy and hold or you got say $25500 then don't throw that loot into a savings homie, GO get yourself a TFSA Trading account and make some real money, make some trades, make some $$$ moooollaaaahhhh ahhhh ahhh. 

My Only Picks: Honestly, click the links and do the research and see which one suits your needs. Both companies offer Tax Free Savings Trading Accounts, you can choose $US or $CDN it is up to you. If it was me, go with both! haha. Honestly I only trade U.S. stocks.

Questrade - Click here to visit their site

Virtual Brokers - Click here to visit their site

There are two possible commission structures you can choose from:

1) Per Trade

• The way this works is very simple, please follow along in my imaginary situation.
• I want to buy and sell 100 shares of $AAPL, I will get charged a flat fee to buy and sell, this equals 2 trades. 
• To buy I will pay possibly $4.95 if I am with Questrade and to sell I will pay another possibly $4.95. 
• How much did it cost to do the entire transaction? $9.90

2) Per Share

• Now this is the structure I day trade with, hellllllsss nah am I gonna be paying $4.95 for my trades, I'd be broke people! (I really would be) Sometimes I'll make 50 trades in one day, so do the math and that is 50 x $4.95 = $247.50 in commissions in one day. Straight fail
• The way that per share works is like this: The broker will charge you a certain amount of cents for every share you trade, this means the more shares you trade the higher the cost of the trade.
• Questrade will charge you .95 minimum for a per/share trade setup and then charge 1 cent per share after that to a max of $6.95 (depending on which package you go with)
• NOW back to the example:
• I want to buy and sell 100 shares of $AAPL, I will get charged .95 cents flat fee to buy and sell and also .1 cent for every share I buy and sell. So I have 100 shares x .1 cent = $1.00 
• Total Cost to buy and sell $AAPL using the per share structure = $1.95 to buy + $1.95 to sell
• Total Cost: $3.90

Click Here to see how much I get charged for for my trades. Look at my trade ticket. Shorting those 2 shares of $AAPL cost me 10 cents I think. I suck at math. *Note: Those trades are not done through Questrade or Virtual Brokers.*

See which one works for you, see which broker you like, they both offer electronic funds transfers too, so there is no need of wire transfers or any of that non-sense. If you want a some what decent review of all the discount brokerages in Canada (the word discount is very misleading) read this Globe&Mail article. But honestly, don't rely on this article, do your own research. Also download a TD ThinkOrSwim Demo Account if you just wanna look at some nice clean charts, I use it, all the charts you see in my posts are from TD ThinkOrSwim, I love em, I have a real account with them too. The main thing that you want to figure out is which broker will execute your trades for the LOWEST possible price, everything else comes after. No broker gonna love you more than another, you are just a number, all you are doing is pushing buy & sell and they executing your trades. But do consider leverage, the interest for leverage, also a lot of brokers have issues with leveraging some epic things like $TVIX or other weird stocks / etf or whatever category $TVIX comes under. This is a flea market, there are fleas all around, find the best flea and let it stick to you and make you itch!

Click Below to Read my Previous Trades / Posts
Where is $AAPL going? - Tragedy
Back to the Future Trade
One Shot, One Kill

We Are Traders

We Are Traders Tribute Video

Click link below to read previous post:

About Me

About Me

Trading...

First Time I ever traded was probably back in 2010! So it's been 3 years now, I can say I blew a few thousand dollars over the years. But hey...thats trading for you. I paid $30000 + possibly to go to university, this is a lot cheaper than that. If out of high school I started trading I woulda had 6 years of trading experience under my belt, that is some serious stuff. I know a trader who is 9 years in, says his engineering degree has 9 years of dust on it, he also mentioned a so/so month for him is $20,000 +. I've seen him trade, his $20,000/month is no joke. Now that is some deadly stuff. I have been actively trading for almost a year now but I began seeing results in my trading only when I started my blog. What this means is, I have about 1-2 months real experience where I actually tracked myself, tracked my losses, my wins, my mess ups and everything in between. Blogging is a lot more fun, a lot more exciting and a lot more interesting than just saving my trades in a word document and writing my thoughts. This is public, this is FUN!

Over the years I been to seminars, I bought some DVD's, I watched 7 days worth of DVD's (I won't mention company names) but trust me, most of the stuff out there is non sense. They will take you through mumble jumble about trading, this is trading, that is trading, why is trading, who is trading, what is trading.... They will TELL YOU ABSOLUTELY everything about trading, but only a few out there will teach you how to trade. Nobody needs the who, what, where, when and why...everyone is looking for the how. The main question for any beginner trader is: How do I become a profitable trader? I am still working on that and the first big step for me was this blog. Even right now, I haven't really realllllyyyy knocked down how to trade, I am getting there but this entire non sense of paragraphs you just read is just another "what is trading". Go out, find some help.

 What you will need to become a successful trader:
1) I don't know

What you will not need to become a successful trader:
2) Emotions

Below is the progress I've made since I started blogging.

 In the first chart I was a confused trader, didn't know what was going on, I tried to short a stock that was a gap up, I had no understanding of what I was doing, I was basically playing with money. I was thinking "ok so the stock gapped up, it moved down and right after it pulled the V formation I looked to short at the top. This type of play is NO where in my book of plays, that's why it's a fail.

In the second picture notice how its a clean setup, the stock gapped up and my trade was a buy, which meant before 09:30 I knew what I wanted to do. There was no guessing, no hoping, no increase on share size. I will continue to blog and continue to learn from my mistakes and avoid all nonsense.

Click on link below to read my most recent trades

SundiSup's Day Trades