Wednesday, July 25, 2007

Today's trades

I didn't make any trades today, other than selling some of a position on the NASDAQ that still had some profit left. I need to raise cash for making trades on the TSX now. This blog is basically marking my switch to the TSX as a higher percentage of my trades. I think I will still trade the US market for longer term stocks since the day trading rule wont have any negative impact on those trades.

Tonight I evaluate my other positions and shoot the losers in the head and sell them tomorrow. I came to this realisation today while reading another blog. It was nothing new but reinforced the point. The advantage we small investors have is that we can bail out in a whisper, and nobody notices. we can be in and out of a stock as we like, and don't have to explain it to anyone. Since I use Interactive Brokers, the commission is not even worth thinking about. If a stock breaches my stop, I'm out. Maybe I'll buy it back the next day. I don't really care what these companies do, the short term holders anyways, as long as I can take some many out of the trade.

I wonder if professional traders ever have thoughts like they are legally stealing other peoples money? Crazy.

The market is still churning right now, so I am taking a time out to work on another scan that I recently discovered that looks like it has potential. it finds stocks for longer term growth. I have to program it and back test it. Then I will expose it to the world via the internet.

Is anybody reading this blog? Spit me a comment.

I am looking for someone to do some commentary or provide some other content. If you have ideas and want to do some blogging, I'd pay you the same as I pay you right now, status-quo, nothing, which is more than some made in the market today!

Disclaimer

The information presented on this site is for educational and entertainment purposes only. This site contains no suggestions or instructions that you must follow, do your own research and due diligence before committing your cash to the markets. Your on your own.