grimsbylander Posted January 26, 2018 Report Share Posted January 26, 2018 Just curious if anyone else handles their own investments or trades online? I'm fairly new to online trading but really enjoying it...lots to learn! Link to comment Share on other sites More sharing options...
manitoubass2 Posted January 26, 2018 Report Share Posted January 26, 2018 I have to have a friend help me lol. He sure does an awesome job though! Seriously crazy amounts of learning go into investing. Just the general terms used took me awhile to grasp lol Link to comment Share on other sites More sharing options...
AKRISONER Posted January 26, 2018 Report Share Posted January 26, 2018 treat investing like a job...if you spend a lot of time watching stocks and trends and reading, you can make money at it...if you just throw money at hearsay...you will go broke. Ive made a few plays in the last few years simply done on "ideas" that the general populous had not fully grasped yet. The recession bail outs, BP oil spill, the legalization of weed to name a few. Link to comment Share on other sites More sharing options...
mikeh Posted January 26, 2018 Report Share Posted January 26, 2018 (edited) I started buying some stocks in January, someone recommended FAANG or Facebook//amazon//apple//netflix//google, these are the ones I bought and some marijuanna stocks. The idea with the fang stocks is to hold onto them long term but still check up to see how they are doing, and the pot stocks can be traded more frequently. The pot stocks are more risky .I think anybody who trades in pot stocks has their favourites, I have about 2 or 3. I'll just add that the faang stocks and the pot stocks are 8 % of the money I have invested. Edited January 26, 2018 by mikeh Link to comment Share on other sites More sharing options...
chris.brock Posted January 26, 2018 Report Share Posted January 26, 2018 The cool thing about online trading that I like is you can put a stop loss in or set a buy or sell at a certain price for the day/ week, if it hits that price, great, if it doesn't, it doesn't, no charge. I had a couple companies that would fluctuate within a certain range and I would get in and out. Lots of fun! Link to comment Share on other sites More sharing options...
grimsbylander Posted January 26, 2018 Author Report Share Posted January 26, 2018 Stop limits are great you just have to make sure you allow for normal "noise" in the market or you'll get stopped out. I agree though, they can minimize loss. Link to comment Share on other sites More sharing options...
mikeh Posted January 26, 2018 Report Share Posted January 26, 2018 (edited) I bought some Canopy Growth (weed:tsx) this morning and will sell it hopefully within 2 weeks , with a 20% gain. this is my favourite and I think it is still the biggest Edited January 27, 2018 by mikeh Link to comment Share on other sites More sharing options...
Garnet Posted January 26, 2018 Report Share Posted January 26, 2018 I've been a diy for 30 years. Weed stocks are low hanging fruit. I pick it and buy bank stock. Bitcoin chain letter / Ponzi. Nobody remembers the 1 st CEO committed suicide . Telsa has never made money. 1 day it will get crushed. Link to comment Share on other sites More sharing options...
Chrispy Posted January 26, 2018 Report Share Posted January 26, 2018 Been doing it for a year or so.....what I like to do is pick penny stocks that I think have potential and buy them.....I was in with Aphria at $0.73, I bought 1000 shares, they are now worth about $20....getting out as soon as they hit $25.00.....that is my down payment for my new boat!!! Also bought BLO stock for under a dollar, they are $3.00 now and also another start up pot stock, which I am up $2.00 per share.....it is fun to watch these cheap stock grow into something worth while....I am currently prospecting some other penny stock that does oil extraction.... Chrispy! Link to comment Share on other sites More sharing options...
dave524 Posted January 26, 2018 Report Share Posted January 26, 2018 Weed stocks like bitcoin and other cryto currencies are FoMo driven, don't get burned. Link to comment Share on other sites More sharing options...
AKRISONER Posted January 26, 2018 Report Share Posted January 26, 2018 2 minutes ago, dave524 said: Weed stocks like bitcoin and other cryto currencies are FoMo driven, don't get burned. You are way too late to the party if you are only interested in weed stocks now...the time to invest was a year+ ago. Everything else now is just Bull and inflated. One of the most important parts of identifying a good stock? Look at its cost per earnings and actual evaluation...when it comes to weed stocks, somehow every single one of these companies would literally have to increase their revenue streams by over 1000% to even come close to realizing the value of their shares at this point...aka impossible. Link to comment Share on other sites More sharing options...
BillM Posted January 26, 2018 Report Share Posted January 26, 2018 (edited) I do all my own investments. Some mutual funds, some ETFs, some single stocks that I keep an eye on daily. Options in the near future as well. I've made so much $$ off weed stocks dave524 would have a heart attack, lol. They aren't going anywhere but you need to realize when they are over inflated and when they're not. Edited January 26, 2018 by BillM Link to comment Share on other sites More sharing options...
Garnet Posted January 26, 2018 Report Share Posted January 26, 2018 (edited) Even Canopy the darling with 17 million sales should be $3.50- $4 . At $35 don't get caught in the correction. It may never come back to $35. I'm very happy picking fruit. Started way before Justin getting elected. Happy to be out. Edited January 26, 2018 by Garnet Link to comment Share on other sites More sharing options...
aplumma Posted January 26, 2018 Report Share Posted January 26, 2018 A good plan is to use an investor to build a portfolio and then take a grand or so and play with it. If you pay with money you can't afford to lose you will get burned. An investment company is a 24/7 job for them and the information they have you will never get ahold of in time to save your assets. Art Link to comment Share on other sites More sharing options...
manitoubass2 Posted January 26, 2018 Report Share Posted January 26, 2018 I got real good info on a few cannabis related stocks. If ya do your homework there, lotsa money to be made. Link to comment Share on other sites More sharing options...
jayess Posted January 27, 2018 Report Share Posted January 27, 2018 What platform for trading are you guys using? Without a significant amount in holdings, TD charges for their Web Broker. It's not a huge amount, but I hate fees in general. Link to comment Share on other sites More sharing options...
captpierre Posted January 27, 2018 Report Share Posted January 27, 2018 No matter how you will invest, beware of the overheated US market. Investing requires patience and a long term view. Novices often get in too late in an up cycle and then bail when the inevitable down turn comes losing their shirts just sayin Link to comment Share on other sites More sharing options...
scuro2 Posted January 27, 2018 Report Share Posted January 27, 2018 The G&M recently reported outages with the online brokerages because of large increase of new customers. Surely a sign that this market is nearing the end. Link to comment Share on other sites More sharing options...
Garnet Posted January 27, 2018 Report Share Posted January 27, 2018 You need to build a rock solid foundation. Just like a house. Canadian Dividend Aristocrat's stocks, etf. Then no more than 5% in stuff like weed stocks,penny stocks. It's funny selling for profit is the hardest thing, and staying to long the easiest thing. Link to comment Share on other sites More sharing options...
G.mech Posted January 27, 2018 Report Share Posted January 27, 2018 Many people have made small fortunes dabbling in the markets. Unfortunately, most of them started with much larger fortunes. Link to comment Share on other sites More sharing options...
Big Cliff Posted January 27, 2018 Report Share Posted January 27, 2018 20 minutes ago, G.mech said: Many people have made small fortunes dabbling in the markets. Unfortunately, most of them started with much larger fortunes. I remember a few years back when several guys were crying because they had lost a lot of money in the markets. I was one of the fortunate ones and got out before the down turn. Now because of my age I have moved my investments into things like TSFAs and GICs. they don't make a lot but what they do make is enough to supplement my other income and keep me comfortable. Link to comment Share on other sites More sharing options...
Garnet Posted January 28, 2018 Report Share Posted January 28, 2018 Judging by the volumes on weed stocks the new investors are in this area. I'm tightening the screws getting a little cash. My 11 stocks are a buy in a market correction. Link to comment Share on other sites More sharing options...
dave524 Posted January 28, 2018 Report Share Posted January 28, 2018 (edited) Rather than picking winners and losers, I would suggest that someone wishing to increase their exposure to the markets look at TSX and NYSE Index Funds, you would be surprised how many mutual funds and stocks don't perform as well as the stock market index, they have served me well the past 35 years and the diversification minimizes risk. Edited January 28, 2018 by dave524 Link to comment Share on other sites More sharing options...
grimsbylander Posted January 28, 2018 Author Report Share Posted January 28, 2018 On 2018-01-27 at 11:01 AM, Big Cliff said: I remember a few years back when several guys were crying because they had lost a lot of money in the markets. I was one of the fortunate ones and got out before the down turn. Now because of my age I have moved my investments into things like TSFAs and GICs. they don't make a lot but what they do make is enough to supplement my other income and keep me comfortable. TFSA's are an account and have nothing to do with risk. In fact, my highest risk investments are inside a TFSA but that's by choice. Link to comment Share on other sites More sharing options...
grimsbylander Posted January 28, 2018 Author Report Share Posted January 28, 2018 5 hours ago, dave524 said: Rather than picking winners and losers, I would suggest that someone wishing to increase their exposure to the markets look at TSX and NYSE Index Funds, you would be surprised how many mutual funds and stocks don't perform as well as the stock market index, they have served me well the past 35 years and the diversification minimizes risk. The US indices sure have done well lately. Link to comment Share on other sites More sharing options...
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