Friday, 26 April 2013

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



Sunday, 21 April 2013

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

Friday, 19 April 2013

We Are Traders


We Are Traders Tribute Video



Click link below to read previous post:

Thursday, 18 April 2013

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