It was a pretty good week last week, as I was up almost 1% overall. The economic data seemed to be decent so the markets did well, especially the US markets. Right now, I hold YLO.UN, HGU, HSU, HQU, ENF.UN, ECA, FTT, TCW, T, and PN. I am looking to sell ENF.UN on Monday if it goes down a bit and I am looking at selling PN (the only small-cap stock I follow).
Stocks and ETF's that indicate BUY on Monday include HEU, HJU, ECA, FTT, and MFC. I already own ECA and FTT but I will be putting in stop-buys on the other two. HEU is a bit risky as oil is trading at $80 which is at the top of its recent trading range, but the graphs say buy so I buy. There is still about another 1.00 of upside in HEU so I will buy it on upward momentum. I want to get back into international markets so I don't have problem buying HJU. MFC (Manulife) is not the best financial out there but it has been beaten down pretty well lately, so buying a bit now is okay with me (and I just follow the graphs anyway).
I am up about 1% so far in March and about 3.5% since January 1st. My returns are fluid - when you follow them every day and trade as often as I do - but I am happy with the results so far this year.
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Hi Market Jockey,
ReplyDeleteYes, I agree that 80 per share is expensive. You must have a large account to be able to hold all the different companies. I find it hard to make a profit buying less than 100 shares at a time after all the trading fees are deducted from a trade.
BP
Exactly. I tend to buy stocks in $10K chunks, so I never buy less than 150 shares of a stock I follow, and usually buy more like 500 to 700 shares. Focus on the percentage gains and not the dollar values, although the trading fees DO cut into your profits alot if you only make small trades. You have to start somewhere, though, so don't let this get you down. Consider buying into 'frequent trader' programs that let you buy trades ahead of time for a cheaper price (CIBC, for example, has this).
ReplyDeleteMJ