Stock Flip of the Day

Just a short post on a stock flip I made today.

SOLD EFR.TO @ $2.40
BUY TGOD.TO @ $3.01

On July 15 I paid $2.57 for 1600 shares of EFR = Loss of ($272)
Today I bought 1500 shares of TGOD @ a total cost of $4515.

In another account I had bought and sold TGOD. I bought in a lot cheaper than I bought and sold it before but I like it even better here. Here is my previous post published on 22 March.

TGOD - New Stock Purchase

So far my PF has managed to turn green with 5/6 stocks turning positive.

As soon as one of these buys has not been performing as expected I let it go. My timing has been off and it's time to go find out why. This happened with PEY and EFR.

Selling ASM and locking in that gain has proved positive. All the energy plays have turned up.

I now hold BTE, CLIQ, CPG, ERF, LMC and TGOD.

Will update the dollar value at the end of trading Friday which here in Canada is a long weekend so I'm sure it will be a light day.

Watchlist

Stocks I like include; BIR, CFP, CFW and GUY.

These stocks represent tremendous value when compared against their 52 week highs, I get my list of stocks from perusing the 52 week low lists throughout the week. I then compile what I'd like to buy once the stocks start showing a volume breakout to the upside.

Try not to sweat it and keep in mind if you miss a stock, there is always another opportunity. Always keep a list of stocks you'd purchase with new money.

I heard this the other day from Bob Moriarity ( I never buy what he buys)

"an avalanche always starts at the peak and never in a valley"

That's why I don't buy stocks making new highs. It's too hard to track where they're going from the top. Most of the time back down the mountain.

Having said that NOT all stocks wallowing in the valley break to the upside and climb the mountain. It's just easier to see on a chart where they've been before.

All the best and here's to making money speculating in the markets. Cheers! 

Swapping Guyana Goldfields for Leagold Mining

Just a short post on why I sold Guyana Goldfields for Leagold Mining yesterday.

I have to start by saying that my blog is about documenting my journey and strategies to grow money. It's not about you coming here to consume some new content I've created.

I'm not creating anything new here. I'm buying and selling stocks for what I hope to be capital gains. It is not meant for you to do the same but rather what I'm doing.

When you look at the overall market and those sectors that have been beaten down, where is the profit to be made?

I forget anything making new 52 week highs.

Right now I see energy, uranium, lumber and weed stocks providing that value for profit potential. This is a gut wrenching ride of timing the market. Not for everyone. I don't day trade or use margin. I just buy and sell when I see the conditions right.

I am wrong or sometimes sell too soon. I lose but I try to limit my losses.

These trades are usually never meant to last no more than weeks at a time.

I try and then redeploy the proceeds somewhere else.

I talked about my frustration with GUY.TO last week. The stock is value priced but still not participating with the rest of the gold sector which has been on fire for a couple months.

I have no idea what is going on with Guyana Goldfields internally. All I can tell is the market likes better companies. I decided to sell it for a 5% loss and buy LMC.TO instead.

I am really hoping that Leagold Mining will continue moving higher.

Why Leagold Mining?

• insider buying from 3-11 July
• positive analyst reports
• only became a company in April 2018
• small producer with 4 mines operational

This is my leveraged bet in the gold sector right now. GUY will probably move higher now that I've sold, who knows. It's what usually happens.

I bought 2000 shares of LMC @ $2.14 

I only invest a maximum of $4K in each stock pick

I'm looking to exit anywhere around $3

I will update all my positions again at the end of the trading week.

Until then take care and have a great week in the market.

Trading Portfolio Update

The portfolio finished in the green by the end of trading Friday. I maintain 6 positions and holding most throughout the week with only one trade completed.

Only 2 of the current stocks I hold are in the green with 4 in the red since I bought them. My timing has been off just a little but overall I'm still in the money but it has been a lot of work. My biggest disappointment has been GUY a gold stock that has lost money while most of the sector has taken off. I may look to cut it loose next week.

Money management is crucial if one wants to stay in the green and not let one position drag things down. If there is no interest or momentum behind it, let it go and buy something moving up.

YES, this is timing the market!

Current Stock Picks

Baytex BTE (0.25)
Alcanna CLIQ (3.3%)
Crescent Point CPG (1%)
Energy Fuels EFR (2%)
Enerplus ERF (0.8%)

Guyana Goldfields GUY (4.9%)

Totals = (0.88%) ($221)
Traded PEY ($239.98)
Traded ASM  $830.03

$369.05

As you can see, even with so much red on the screen you only have to be right once and your PF makes money. 

I thought I bought ERF at the bottom but it is sliding further down. You have to watch these stocks like a hawk for a reversal. Never lose more than 10%, cut losses early and just sit on cash until you find something else to trade.

This current list had a $500 swing from ope to close just on Friday so give it time. ERF alone gained 7.6% on Friday, almost recovering all losses. It also traded well above it's daily volume which tells me some buying interest is coming into the stock.

Another big mover on Friday was CLIQ. It was up 6% and 37 cents on almost double the daily average volume. I bought it on July 16th so it's taken 2 weeks to finally get green. I think it keeps rising from here and looks like a longer term hold. Booze and weed should do well as trading stocks.

I'm holding $1,306.71 in cash right now. This also changes with every trade made. All totals listed include trading costs. I use Scotia iTrade as my platform to move money and make trades.

Posts I've Published This Week

Fear, Investing and Gambling in the Stock Market

Hunting for Profits in a Volatile Market

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!

Looking at Income Investing?

All retirees should be income investors. My opinion.

Please pick up a copy of Henry Mah's new book 'Your Ever Growing Income'

What stocks did you buy or sell this week?

Hunting for Profits in a Volatile Market

I try and look for stocks that have been beaten down and then are ready once again to resume what I hope to be a rise off the bottom.

Right now I have $26K spread out over 6 positions. They are;

Baytex BTE 
Alcanna CLIQ
Crescent Point CPG
Energy Fuels EFR
Enerplus ERF
Guyana Goldfields GUY

Canadian energy and lumber stocks have been beaten down. Is this the right time to be buying? I have no idea and these positions are swinging anywhere from $500-$750 a day.

I thought that GUY was worth a punt with gold moving higher but it looks like I may have picked the only gold stock that's not participating. The upside is huge here if it can back to it's high for the year.

I also like to only commit $4K per trade and sell if the position loses 10%. I may have to rethink that strategy as uranium is swinging violently from day to day.

Watch Cameco CCO as it is plunging to new lows if you're looking to find profits in this space.

Obviously I eliminate all stocks making new highs because who knows where they go from there. At least looking at stocks 50% below their 52 week highs we have the potential to get back there. Maybe, maybe not.

This is where I look for profits and how I screen stocks.

Take Your Losses Early and Move On

I never hang on to losers and hope they get back to where I bought them. I accept I picked a dog and redeploy the money int something else.

BUY Peyto PEY @ $4.30 - SOLD @ $4.08 = (239.98)

Some might just wait until PEY made some money for you. I'm just too impatient. It is a character flaw that I'm constantly working on.

BUY Avino Gold and Silver ASM @$ 0.83 - SOLD @ $1.01 = $950.00

Total Profits = $710.02

ASM just moved so fast to the upside that I wanted to lock in that gain and not get greedy. Could it move higher? Sure, but taking 22% in a couple days is never a bad idea and helps preserve capital gains. That's the name of the game here.

It's not just losers you have to cut loose but also those picks that aren't moving at all in either direction. Volume has dried up for whatever reason.

Don't let others push you off your positions or listen to experts on TV before you make a move.

Random Thoughts

I've been watching Canfor CFP for a sign it might be making a comeback. It seems the company is just getting smaller and trying to conserve cash. The stock is making wild swings but I do believe Canadian lumber stocks could offer great value just like gold stocks did this time last year.

Keep watching the market for a possible entry point.

I try and have no more than 5 trades going at the same time.

I'm NOT a day trader, if anything Momentum trader. I look for unusual upward spikes in volume after a stock has bottomed.

I bought Enerplus at it's 52 week low yesterday of $8.21

Like I said earlier, it seems there is no interest in energy stocks right now. If and when we get a turnaround in sentiment these stocks offer great potential.

I'm not interested in what anyone else says or does, I just watch and act on what the market is telling me.

I have to trim one position to get back to five.

Alcanna might be it as it's done nothing and I'm down 2.6%

I have $1,316 in cash in my trading account. Lots of red on paper.

I'm hoping for a turnaround day today going into the weekend. I may do nothing. Who knows.

I will update my positions and profit/losses tomorrow. 

Fear, Investing and Gambling in the Stock Market

I invest in income producing stocks inside my RRSP and rarely touch them now that I've decided on the right mix for my wife and I.

When I blog about my exploits in the stock market I'm just documenting what I'm doing and trying to be as transparent as possible while doing it. You don't like it or don't do that, well good for you. Take your troll show somewhere else and maybe you'll find your doppleganger elsewhere. 

The fact is we all make mistakes and have different strategies. Most of us suck at saving and investing. It has been reported that Canadians owe $1.75 for every $1 we make. Now, that sucks.

How do we get ahead?

This short clip called Mark Cuban's Guide to Getting Rich .

Please don't confuse this with get rich quick schemes. It's not. It just might help some with guidelines.

One of the rules he talks about is gambling with 10% of your money which is what I have been doing with my portfolio. I post updates on Monday and at the end of trading Friday.

When I make a trade, I will try and update my blog on what I'm doing. 

He also talks about investing most of your money in an index. All I've done is taken that allocation and invested in individual DG stocks for retirement. I have pension income that is indexed so I don't bother with bonds or preferred shares of any kind.

You do things differently? That's great. 

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!

Looking at Income Investing?

All retirees should be income investors. My opinion.

Please pick up a copy of Henry Mah's new book 'Your Ever Growing Income'

How is your week going so far?

My Trading Week

On the 15 of July I decided to try and speculate in the stock market. I used $26K and bought into 6 positions. I sold one of the positions at a 5% loss and rolled the money into a different stock.

I am trading here to generate some capital gains. The PF gained 2.1% on the week.

Here is the breakdown which includes trading fees.

Stocks Held

Alcanna CLIQ - 650 shares @ $6.15, closed ($ 5.97) ($126.99)

Avino Silver and Gold Mines ASM 5000 shares @ 0.83, closed 0.91 up $340

Baytex Energy BTE 2100 shares @ $1.91, closed ($1.88), ($73)

Crescent Point CPG 1000 shares @ $4.04, closed $4.07 up $20

Energy Fuels EFR 1600 shares @ $2.57, closed up $2.58 up $6

Guyana Goldfields GUY 4000 shares @ $1.26, closed $1.36 up $390

Total Gains

As you can see 4/6 were green and I'm up $556 on the trading week.

I sold Peyto Exploration and bought CPG. I lost $226 on that trade. It lost 5% in only a couple days. I decided to sell nat gas and buy a more oily stock moving up.

I'm only just getting started here but I still believe the positions established have a ways to go. I'll have to be a bit more patient.

Posts I wrote this week

Flipping Stocks for Capital Gains

Why I Just Bought Baytex Energy

New Buy - Avino Silver and Gold Mines

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!

Looking at Income Investing?

All retirees should be income investors. My opinion.

Please pick up a copy of Henry Mah's new book 'Your Ever Growing Income'

What stocks did you buy or sell this week?

New Buy - Avino Silver and Gold Mines

Just a short post on another junior position I initiated this week and my timing was pretty good on this particular stock. On Wednesday 17 July, I bought 5000 shares of ASM @ 0.83.

In two days the stock is up 13%. Silver is on fire right now and has broken out. It could reverse trend just as quick and all gains evaporate. Right now, all volumes seem to be spiking and so far the futures are all pointing higher for another massive day on the markets.

Why pick ASM?

All the silver stocks are displaying strong upside moves and I also looked at FVI, EDR and FR. I believe these can still be bought but again be wary of a trend reversal.

ASM has a 52 week high of $1.60 which would represent almost a double from my buy price. For the last two days the average trading volume has increased 6X. This is a beautiful momentum set up to harvest some nice short term gains.

ASM also announced production results recently and actually produced less silver, gold and copper than they did last year in Q2 2018.

So why is it spiking in price?

They are finally profitable after years of losing money but just barely.

I didn't buy it for it's fundamentals. I bought for it's increased market action on a rising stock price. That's it.

I wrote about that particular strategy here.

I believe along with the rising silver price that the market believes ASM will reach it's 2019 targets.

Right now ASM has broken through it's 200DMA which occurred on the 16th of July.

Short term I really like this stock to reach resistance of $1.15 which is where I'll look to take profits.

This is not for everyone and you could lose all your money doing this. I am gambling in a separate trading account to harvest some capital gains.

That is all.

Read the post below I wrote from August of 2018 for more of the rules I follow.

How to Win at Stock Picking When You're Wrong