Tag Archives: JE

Monthly Trading Goal Achieved!

28 Apr

My goal of realizing a profit of $500 per month was finally achieved when I sold my Mastercard on April 24th in my Questrade Margin account.  I held Mastercard for nearly four months and it has done well for me.  Even though, Mastercard went on to close at its 52 week high of $457.58 per share, I am happy with my emotionless trade.  I sold 10 of 40 shares of my Mastercard to lock in my gains.

Year to date, my realized gains were $2023.07 with a percentage gain of 3.64% which is not the best considering the amount of money I used to trade in the stock market.  Right now, my main focus is to monitor the progress of my stocks to maximize my profits and add new stocks for hands on active trading.

In my Questrade Margin account, I have a negative balance due to me averaging down on Apple.  After the spectacular earnings report from Apple, the stock gained most of its losses from the past week and a half of losing its footing.  However, the next couple of trading days, Apple seems to be trading negatively.  I may make an earlier exit if the opportunity arises.

I am quite disappointed with my trades in Just Energy and Inter Pipeline, now I have extra cash in my RRSP and TFSA account doing nothing.  If I had kept the stocks, my share price would have jump back up prior to the down slide, and I would have continued to collect my monthly distributions from these two companies.  Maybe, it’s a sign for me to move on and invest elsewhere.

Finding and researching stocks take patience and some luck as well.  If you pick the right stocks at the right time, you can really hit it big in your portfolio.  Pick a few stocks and monitor their progress from day to day to get a feel at how they’re trading.  When you feel the stock has reached a buying opportunity, jump in and let it ride till you feel it no longer serves you well.

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Just Panicked

17 Apr

Just Energy losts its stride in the last four trading days.  Trading at a high of $14.00/share on April 11th, it took a tumble down to a low of $12.23/share.  I panicked and hit the sell button to breakeven on this trade.  I am dissapointed with the outcome as just a few days ago, I had a nice paper profit of over a thousand bucks.  But the market is ruthless and gives no mercy to those who snooze a bit.  Even though, I came out of the trade with a measly $9.75 profit, I had been collecting their dividend for the past eight months.  So I’m not at a total loss here.

Trade Summary:
600 shares @ $12.32
Capital Gain: $9.75
Dividend: $433.99

One Trade in November at a LOSS

1 Dec

I sold out Groupon at a loss:  $374.95

If a stock is tanking everyday from your buy in price, it means trouble.  I had to cut my losses when I had the chance.  Today, Groupon is trading at $18.79.  Their lowest point was at $14.85 just a few days ago… always look for the red days to pick up some good value stocks! 

November was a slow month for me.  Not much trading at all.  I picked up a few stocks like Mastercard; Apple; Keg.un and adding a couple hundred shares in Just Energy which never seems to go up but down.  Don’t know why I keep averaging down on that sucker, the monthly dividend is a little more than 10c per share… now I have like 600 shares but with a loss at more than $1200!  Let’s see how time will prevail. 

Today’s trade:  I sold out MA ($420-9.90) and APPL ($90-9.90) to make up for my loss in Groupon.  Just a few days ago, I was deep in the red.  Sometimes, you just have to play the game and set your profits before they go down like a rocket!

TICKER QTY BOUGHT SOLD CHANGE PERCENTAGE
GRPN 100 2,869.95 2,495.00 -374.95 -13.07%

Missed Chances

28 Oct

Looking back on Tuesday and Wednesday, it was the perfect opportunity to get back into stocks that I was looking at CLF, MA for USD stocks and LLL, TCK.B for CAD stocks.  But I was being iffy and didn’t want to take the chance.  On Thursday, all stocks across the board made a significant jump due to Euro debt situation being resolved.  Pulling my hair out as I missed the launch of some great gains. 

For now, I’m sitting on the sidelines with cash on hand… it’s kind of boring, but I don’t want to make the mistake of buying at its high! 

My two biggest losers right now are XFN down $647.15 and JE down $834.00, both of them do pay a monthly dividend of about $70/mo.  BMO and MFC have made some lead way back to my buy in price.  Once they have reached into profitability, I’m selling those in a heartbeat!

October is coming to an end… I made my quota for $500/mo profit 🙂  Maybe I should set my sights on a higher profit.  Better not get ahead of myself now!

Top it off!

30 Sep

Well, September has proved to be a very volatile month.  Up and down… mostly down on my major stocks which is sending me into the biggest red zone ever!  Today, I’ve added another 100 @ 51.70/share in Cliff Natural Resources.  Might be a dumb move before the weekend, but after a big down turn, there’s bound to be a dead mouse bounce in the next day or two.  I’ll watch for it closely and sell with what little profit I make from it.

My biggest losers are CLF $-2,863.90, POT -1,709.90$, JE -1,231.90$, XFN -883.75$ in “paper” losses.  A total of $6689.45 in losses.  Wow, this is really one of my worst trades ever!  Maybe averaging down in this unstable markets is not such a great idea, but I’m hopeful there will be green pastures in the near horizons!