I had to sell Trevali Mining (TV) today after losing 8.6% and $359.99 after fees. I can take the money left in my trading account, turn that into a 13% winner and I have my money back.
TV is just too volatile and speculative for me to even want to hang in there. I'm sticking to large and mid-caps on the TSX only. Lesson learned, stay with big board stocks showing momentum.
It was also an awful day for the stocks I bought yesterday who went red after turning green after my purchase. ACB is down 2.5% and QSR is down 1.1%.
I'm still up on CGX and OTEX.
LNR still getting hammered with the trade talks down a total of 5%.
My Buy/Watchlist
Lots of stocks getting beaten down so keeping a list of potential buys is always prudent and fun. Some worthy of study are;
TFII, GIB.A, WCN, PLC, RBA, DSG, MTY, ATD-B, TOY, TC, DOL, SHOP and KXS.
These are all high quality growth stocks here in Canada. I find it too difficult to short term trade US stocks and the costs involved and the longer settlement times on my trading account.
It was a good day in my RRSP accounts as they were all up. Only my spec stocks took a hit. Tomorrow is another day to make it all back.
If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.
If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money.
If you are further looking for portfolio ideas then you might find my review of The 6-Pack Portfolio a way for you to get started on your investing journey. All of our retirement money is invested in this manner. We just hold more than 6 positions.
What stocks did you buy or sell today, if any?
I NEVER USE MY RETIREMENT MONEY TO TRADE IN AND OUT OF
STOCKS!
Looking for Saving Ideas so You Can Invest?
If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.
If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money.
If you are further looking for portfolio ideas then you might find my review of The 6-Pack Portfolio a way for you to get started on your investing journey. All of our retirement money is invested in this manner. We just hold more than 6 positions.
If you want to read more about the theory and methodology of some of Canada's professional investment/portfolio managers then you need to pick up a copy of the book 'Market Masters'. Robin Speziale conducts interviews based on a set of pre-arranged questions. This will give you a real insight into how others invest money and how they think. A must read!
What stocks did you buy or sell today, if any?
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