Tag Archives: TRP

SOLD: TRP 200 Shares @ $44.15

24 Apr

 My realized gain on this trade is small, nevertheless, I walked away with a profit!   The reason for this trade was to reduce my margin amount in my Questrade account since I had average down on Apple which seems like a mistake for now.  TRP was bought  entirely on margin and it did not perform well in the past month that I have held onto it.  The resistant point is around $45.00 compared to their support of $42.00.  I bought this stock at the higher end and would like to take a profit before it dips back below my buy in price.

Summary of Trade:
March 23rd:  Bought 200 shares @ $43.65
April 24th:  Sold 200 shares @ $44.15
Length of Time-  33 days
Margin Used- $8734.95 ($35.54 interest)
Profit:  $90.10-$35.54= $54.56
Dividend:  $88.00

Turning a Blind Eye

5 Apr

For the month of April, I plan to turn a blind eye to my budding stock babies that I had acquired end of March:  TCK.B, TRP, CHE.UN, AAPL.  I have built up my margin to $27,723.42 for these 4 particular stocks.  

In 2010, I took out loans to buy more stocks.  In 2011, I paid back all my loans to play it safe.  This year, I am taking on a bit more risk in order to hit my target of $120,000.

Story of my life, I’m going to take a back seat this month.  If I hit my target for TCK.B, I will sell for a profit.  Just going to wait for a green sunny day! 

Looks like TRP will take some time to blossom.  I’m not too sure if sitting on margin on this one is such a good idea.  I have collected their dividend thus far.

AAPL is a steady work horse.  Even though, I bought at its 52 week high.  It continues to amaze me how well they break through resistance.  I am definitely holding this one till I see weakness forming around its share price.

To be honest, I’m a little stressed with CHE.UN.  I had invested a lot of money into this one.  It’s been on a steady decline from its 52 week high.  I’m currently down 8.33% equaling $1505.73 smackaroos which is hard to swallow.  But I am seeking long-term distributions from this particular stock.  Of course, price appreciation in the stock will help out too.

 

Go big or go home!

23 Mar

I’m tired of playing it safe.  I am mad.  I sold out my CLF yesterday for a measly $300 profit.  Today, it jumps $2… meaning I lost out on another $200.  I still have my Call Options… it’s trading at a profit of about $50.  No comparison to $200.

I went on a buying rampage with MARGIN.  Yes, as much as I hate to put myself on margin, I have to take on more risk to be rewarded.  I am a little frustrated of sitting on the sidelines watching stocks go up and up without me profiting at all.  Time for a dramatic change in pace.

Today’s Buys!

TCK.B-  200 @ $35.29; 200 @ 34.48  Mining Company
CRUS-  200 @ $24.49;  200 @ 23.78  Technology Sector:  Provider of Apple
TRP-  200 @ $43.65  Pipeline Energy Company

Please do not follow me as I am already at a loss with these buys!!  I’ll sit on them for a little bit and see where they go 😀