Investing

What did you buy? What might you buy??

  • Last Updated:
  • Oct 19th, 2018 1:06 pm
Tags:
None
Newbie
Dec 6, 2017
5 posts
sold my NOC stock, was up 50% over purchase price
couldn't let it ride any longer
using it to buy more APH and probably some BABA
Deal Addict
Jun 27, 2007
3889 posts
831 upvotes
Turn around Thursday? Selling has been slow and steady, not good for bears. We could see big bounce from these levels... Bears must put new low for a chance to see 2600.

edit: Tue overnight low 2620, regular session 2624. So far today we only hit 2626.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
User avatar
May 11, 2014
2318 posts
1292 upvotes
Iqaluit, NT
Bought 100 shares of Laurentian Bank at $55.83. I am starting small for now in case no further announcements are made. I will keep monitoring the situation and make a move accordingly.
Support your local Credit Union!

Sask Pension Plan Upto $6000/yr in Credit Card spending on RRSP contributions
http://forums.redflagdeals.com/sask-pen ... ns-2167222
Deal Addict
Jun 3, 2009
4359 posts
635 upvotes
Montreal
llpresident wrote:
Dec 6th, 2017 3:44 pm
Lowes ??
Are you long too? I should have bought HD instead which appears to be trading at a higher multiple for the right reasons.
Deal Addict
May 22, 2003
2840 posts
1236 upvotes
Vancouver
Missed the boat yesterday, but added to my Dollarama position today
Deal Addict
Dec 3, 2014
1228 posts
279 upvotes
Ontario
cn_habs wrote:
Dec 7th, 2017 11:07 am
Are you long too? I should have bought HD instead which appears to be trading at a higher multiple for the right reasons.
No. Was wondering what was happening to it yesterday. Buying op?
Deal Addict
Jan 22, 2006
3899 posts
1956 upvotes
Northside
Im tempted to purchase RAD...thoughts?
#WeTheNorth
Jr. Member
Oct 5, 2014
121 posts
26 upvotes
Madden, AB
Why Genworth is down more than 5% today? didn't really find any negative news
Deal Addict
Jun 27, 2007
3889 posts
831 upvotes
Bot half position short ultra bonds @166'27
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Feb 4, 2015
3508 posts
789 upvotes
Canada, Eh!!
Bought nothing today.

Sold nothing today.

Everytime I decide to buy or sell a position I make up a case not to because of US tax reform and monetary policy!!

Yes, overanalyzing!! :)
Deal Addict
User avatar
Jan 16, 2011
2202 posts
1054 upvotes
The NORTH
Been trying something different the last couple week, focusing on momentum buying only. Posted a couple trades on here. This has been my trading for the past 10 days.

Nov 30th : bought 5000 ACB @ $6.50
Nov 30th : sold 5000 ACB @ $7.75
19% return
Trading 30 million shares a day.

Dec 1st : bought 10,000 NMX @ $2
Currently @ $2.17, sell order at $2.50
9% return as of today, stop loss set @ $2.10 to protect 5% return.
Trading between 3 and 5 million shares a day.

Dec 6th : bought 5000 GGI @ $3.39
Currently $4.14, sell order at $4.41
22% return as of today, stop loss set @ $3.90 to protect 15% return.

Dec 6th : bought 40,000 SRJ @ ¢5
Currently ¢6.5, sell order for ¢10
30% return as of today, no stop loss.
Trading over 8 million shares a day for the last 2 days...

These stocks seem to be purely news driven, or speculation? Plan is to be out of all positions tomorrow regardless of sell orders as I don't want to be in any of them over the weekend. Rinse and repeat next week with new momentum plays with a goal of 20%+ return per week for the month of December...
Deal Expert
User avatar
Sep 19, 2004
21705 posts
3864 upvotes
Waterloo
kr0zet wrote:
Dec 7th, 2017 5:42 pm
Been trying something different the last couple week, focusing on momentum buying only. Posted a couple trades on here. This has been my trading for the past 10 days.

Nov 30th : bought 5000 ACB @ $6.50
Nov 30th : sold 5000 ACB @ $7.75
19% return
Trading 30 million shares a day.

Dec 1st : bought 10,000 NMX @ $2
Currently @ $2.17, sell order at $2.50
9% return as of today, stop loss set @ $2.10 to protect 5% return.
Trading between 3 and 5 million shares a day.

Dec 6th : bought 5000 GGI @ $3.39
Currently $4.14, sell order at $4.41
22% return as of today, stop loss set @ $3.90 to protect 15% return.

Dec 6th : bought 40,000 SRJ @ ¢5
Currently ¢6.5, sell order for ¢10
30% return as of today, no stop loss.
Trading over 8 million shares a day for the last 2 days...

These stocks seem to be purely news driven, or speculation? Plan is to be out of all positions tomorrow regardless of sell orders as I don't want to be in any of them over the weekend. Rinse and repeat next week with new momentum plays with a goal of 20%+ return per week for the month of December...
Impressive at 20% a week, 100% winners
ACB is back $6.5 today on 21M volume, so you did good on that +19% day (no news). in comparison, APH momentum didn't even last a day as it faded from $14 to $13

How do you even pick them?

Looking at GGI, penny stock month, days with -37% and +20%
https://ca.investing.com/equities/garib ... rical-data
Which Credit Cards to sign up? >> Jerry's List of Credit Cards with $200+ Welcome bonus/Aeroplan & AMEX Churning FAQ
AMEX Personal 60K || Business Platinum 75K || Biz Gold 40K || SPG 20K
Member
Aug 18, 2013
206 posts
75 upvotes
NCR
kr0zet wrote:
Dec 7th, 2017 5:42 pm
Been trying something different the last couple week, focusing on momentum buying only. Posted a couple trades on here. This has been my trading for the past 10 days.

Nov 30th : bought 5000 ACB @ $6.50
Nov 30th : sold 5000 ACB @ $7.75
19% return
Trading 30 million shares a day.

Dec 1st : bought 10,000 NMX @ $2
Currently @ $2.17, sell order at $2.50
9% return as of today, stop loss set @ $2.10 to protect 5% return.
Trading between 3 and 5 million shares a day.

Dec 6th : bought 5000 GGI @ $3.39
Currently $4.14, sell order at $4.41
22% return as of today, stop loss set @ $3.90 to protect 15% return.

Dec 6th : bought 40,000 SRJ @ ¢5
Currently ¢6.5, sell order for ¢10
30% return as of today, no stop loss.
Trading over 8 million shares a day for the last 2 days...

These stocks seem to be purely news driven, or speculation? Plan is to be out of all positions tomorrow regardless of sell orders as I don't want to be in any of them over the weekend. Rinse and repeat next week with new momentum plays with a goal of 20%+ return per week for the month of December...
That's amazing. did the same thing but it didn't pan out. What's the trick?
Deal Addict
User avatar
Jan 16, 2011
2202 posts
1054 upvotes
The NORTH
xxboarderxx wrote:
Dec 7th, 2017 6:15 pm
That's amazing. did the same thing but it didn't pan out. What's the trick?
Avoid the noise, search for one of two things. NMX I found by running a screener for stocks between $1 and $10 that had over half a million shares traded and we're within 5% of thier 52 week high. Once I had the list it was simply going through each one and review thier chart. NMX has been making new 52 week highs since June. Looked like a great momentum play and the volume was picking up.

*Can't post an image from imgur???
link to chart

For both GGI and ACB it was strictly following the volume and using Bollinger Bands / SMA to find an entry point then calculating out an exit point. Keep an eye on the movement through out the day, use stop losses to protect the potential downside and move the stop loss up as needed. I have watch lists for the top volume stocks over the last 10 days, knocking off stocks that have volume dry up and go back to review them throughout the day as a I have capital to invest.
I'm lucky in that there is only one day a week that I cannot watch the market till 2pm. Two days a week I can watch it all day.

My original thesis was to take $30k and see if I could simply get a 5 to 10 percent return weekly. I watched a tonne of YouTube content on momentum trading and they are all American as it's not only easier to watch premarket but they generally have better tools. I have been using think or swim linked to my TDDI account but suck at using it. I'm doing all my SMA/Bollinger Bands on my TDDI account refreshing the charting screen, LOL. I'm thinking of getting the active trader platform with level 2 data to help with research and charting.

I can't believe the returns so far and I mean I could be getting lucky but thats one hell of a lucky streak so far...
Deal Addict
User avatar
Jan 16, 2011
2202 posts
1054 upvotes
The NORTH
Annnnnd trading has been halted on GGI...

Top

Thread Information

There are currently 5 users viewing this thread. (2 members and 3 guests)

last_sd, mawzi