Sunday, August 23, 2009

Where things stand right now...

I am currently invested in a few of the Horizon Betapro ETF's (I use the double-leveraged ones):

TSX Index (HXU)
Canadian Financials (HFU)
Canadian Energy (HEU)
Emerging Markets (HJU)
Gold Bullion (HBU)

and a few stocks:

Russell Metals (RUS)
Encana (ECA)
Transcanada Pipeline (TRP)
Canadian Oilsands Trust (COS.UN)
Power Financial (PWF)
and Research in Motion (RIM)

I have purchased half positions in all of them when the current trading price moved upwards through (or bounced off of, on the high side) the 40-day moving average for that stock. All of them are currently up, at least a bit, with the exception of HBU, and it is only down a slightly.

If the stock moves down through the 40-day moving average, I will sell it to limit my losses. If it continues to climb, I will buy the other half of the position.

Each day, I look at the graphs to identify which positions I need to sell and which stocks I need to buy. I always buy using stop buys (to buy on upward momentum) and I always sell using stop losses. I have a full-time job so the stop buys and sells allow me to put my orders in the night before and have them automatically execute during the trading day.

The only new stock that I will look to buy tomorrow (Aug. 24) is the TSX Group (X). None of my current stocks need to be sold, at this point.

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