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Journal: Adventures of a New Trader : Live Dreams


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Journal: Adventures of a New Trader : Live Dreams

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  #1 (permalink)
Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Hi

This will be My Trading Journal. Please feel free to offer advice and share I welcome it as this is how we get better

The last forum I joined I had issues with my messages disappearing so I hope this works.

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Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Humble Beginnings *

I moved to Canada from Jamaica in 2008. I bought stocks back in Jamaica on the JSE : Jamaica Stock Exchange which has about 60 listed companies to play with.

I moved to Canada in Feb 2008 this was a bad time for my small portfolio of Jamaican stocks down was 25% because of the starting recession even my portfolio with my investment firm was loosing money and I had to move to Canada. I liquidated what I had left to pay for my move and tie me over while I adjusted to my new environment and attempted for find work. February in Canada is freezing and probably not the best time for a person from a hot tropical country to move there and I remember asking myself OMG what did I do!! * *

But I stuck with it and finally found a job set up my RRSP for long term savings because of the Government benefits and a TFSA for short term goals like courses. A little out of my paycheck direct deposit so I wouldn't feel it or miss it. I found myself itching to get back a stock portfolio like I had back home but saving more was very challenging. I got motivated by my favorite company as a kid Nike's Moto "Just Do It".

So with $100 I started my Stock Account… I am so glad that there was "no minimum" that's all I had at the time and I just used it was a savings account and added a little each pay. The start was slow but eventually I have a few dollars to buy my first stock BBD.B-TO cheap and gave dividends. *

I am now fascinated by the amount of books on investing there are in the library in Canada. In Jamaica we did not have access to this much information I cant wait to dive in and learn and improve. I am worried about content so If there are any you guys out there can suggest I am all ears. *

~Currently My Little Stock Account~ **current funds
Dividend = 5700
AGF *buy @ 9.55 **now 11.40
ATP buy @ 14.08 now 4.79
BA buy @ 27.60 now 28.12
BBD.B buy @ 6.38 now 4.91
HRB buy @ 14.51 now 29.77
PWT buy @ 9.96 now 10.41
RY buy @ 55.40 now 59.92
SLF buy @ 23.27 now 29.86 *

Growth = 1100
MNT buy @ 19.50 now 15.27
FXCM buy @ 14.59 now 14.46 * *

Small cap = 1500
MMY buy @ 0.54 now 0.30
MRO buy @ 0.26 now 0.11
VRS buy @ 0.40 now 0.36
LOY buy @ 0.59 now 0.70 *

Forex = 2700
Trading EUR/USD *

My Goal this year:
1) Properly structure my Dividend portfolio for the highest yields I can get with managed risk *
Plan: to start I will closely follow and mimic BMO Dividend ETF to get pick on stocks
2) Learn More about small cap investing and analysis and valuing companies
Plan: Borrowed Peter Leeds Invest In Penny Stocks A Guide to Profitable Trading
3) Learn To Trade Forex Profitable
Plan: I found Baby Pips .com - School of Pipsology…. Elementary to graduation here I come!

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Live Dreams
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Posts: 16 since Jun 2013
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Wow I cant believe its been so long since I actively did anything. I got married in October so It was a little crazy after July I guess. I only watched over things but didn't do any major trades maybe just increased my share holdings in 2 of the stocks I already owned by a little.

Things have settled down a bit now so I can concentrate and work on getting a disciplined routine in. Today I dusted off my trading Journal... over the months I kinda just stuck papers I would find interesting to read at a later date, bits and pieces of research I did on some of the companies (which I am sure was half done) wrote down some thoughts and shoved them in there too .... So let the clearing begin

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  #5 (permalink)
Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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I think I took this screen shot at around 6:am
I entered a trade last night:
Short - EUR/USD
Price: 1.3630
Stop: 1.3684 - -48
Take profit: 1.3548 - +82

10:00pm Jan 15th

I redrew my treadlines ...and hmmm...
I think I will close this one... wait for the retrace to finish taking effect, then re-enter when I see a confirmation of another drop - 2 red candles should do the trick

Closed @ 1.3620 for +10 pips

Post mortem: checked @ 6:00am +4pips , checked at 1pm +38 pips, now +10pips

First day back ...

P.S .. still working on the folder clean up but made good progress yesterday

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Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Today I did some analysis feel free to comment I'm a struggling beginner so every bit helps

My major Uptrend line was broken ... now twice
There are 3 tops (instead of double tops)
So I think the Uptrend had paused and now heading for a down trend - not sure how long it will last

So 2 Options Going into next weeks Trading
Option 1) Sit out this downtrend which may be a false break and unstable
Option 2) Try and Trade this downtrend

*Thinks..........Thinks............Thinks...........*

Solution: Gonna trade the down trend with minimal units so I am actively watching it and engaged but taking low risk
Learning experience

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  #7 (permalink)
Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Finally Took the step to sign up for this course. Got the books and taking my time working through the materials. To help me practice Created a demo account on the Montreal Exchange.

Entered a trade to start the ball rolling

Buy VSN140419C 15.00 (VSN April 2014 $15.00Call) Last Price $0.45
Qty 1: Total Cost $45.00 Commissions $9.95 = $54.95
Reason For company: The underlying asset is VSN.TO and last price today was $15.10. I already have this stock in my Dividend portfolio. I added it as BMO currently has it in theirs and its earnings are positive and it currently gives a monthly dividend of $0.83 per share which works out to be a return of 6.6% per year. I thought this was pretty good. Looking on historical prices the stock moved from $11.56 in September to mow $15.10 January. I think this is good price increase. I think this may continue to I entered this call.

Reason For Quantity: Quality of 1 as I want to look at the mechanics of this as this is my first encounter with options

Took a look at the price change relationship between the actual stock and the option: Shhhhew... kinda volatile
...............VSN.......................%............%
...............Apr ......................Change.....Change
...............Option..... VSN.TO...Option.....VSN.TO
02-Jan.....0.20..... 14.320
03-Jan..... 0.20..... 14.300.....0%.....-0.14%
06-Jan..... 0.20..... 14.310.....0%..... 0.07%
07-Jan..... 0.30..... 14.610.....50%..... 2.10%
08-Jan..... 0.20..... 14.430.....-33%..... -1.23%
09-Jan..... 0.25..... 14.570.....25%..... 0.97%
10-Jan..... 0.30..... 14.610.....20%..... 0.27%
13-Jan..... 0.25..... 14.410.....-17%..... -1.37%
14-Jan..... 0.30..... 14.620.....20%..... 1.46%
15-Jan..... 0.30..... 14.640.....0%..... 0.14%
16-Jan..... 0.45..... 14.990.....50%..... 2.39%
17-Jan..... 0.55..... 15.200.....22%..... 1.40%
20-Jan..... 0.45..... 15.010.....-18%..... -1.25%


With each option contact with a $0.05 move that's $5 gain or loss or 10% gain or loss on your investment

LOL..... its a beast..... looks like you really have to be on top of your game with your analysis on this one. Lets see how it goes.

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  #8 (permalink)
Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Ok Soooo .... this downhill ride....
On my one day chart I'm waiting for my red candle to form to confirm a good downward movement. Right now after a few days of downward movement ...I have 2 blue (up) candles waiting for those to go away ...lol...on run their course....


I am also wondering at what point will the chart tell me that my minor downtrend is over and my upward trend is beginning again. So far from Dec 11 on the 1day chart there have been 3 lower lows.

I think to answer my own question I will wait till the price trend starts to loop higher than the previous loop and the high points are higher than the previous high points.

Sooo siting tight and waiting for a red candle......


Live Dreams View Post
Today I did some analysis feel free to comment I'm a struggling beginner so every bit helps

My major Uptrend line was broken ... now twice
There are 3 tops (instead of double tops)
So I think the Uptrend had paused and now heading for a down trend - not sure how long it will last

So 2 Options Going into next weeks Trading
Option 1) Sit out this downtrend which may be a false break and unstable
Option 2) Try and Trade this downtrend

*Thinks..........Thinks............Thinks...........*

Solution: Gonna trade the down trend with minimal units so I am actively watching it and engaged but taking low risk
Learning experience


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  #9 (permalink)
Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Got it.... I'm going in
Price 1.35428
stop 1.36330 -90 (standard)
Profit 1.3390 +150 (standard)

I'll give it a couple hours see where we are and adjust if needed. Yea trade 2

Options update: no price change on the vsn April $15 option still 0.45 while the stock price declined to $15.04

In other news.... it's soo cold here in Canada. ..lol Brrrrr. ... and bed time



Live Dreams View Post
Ok Soooo .... this downhill ride....
On my one day chart I'm waiting for my red candle to form to confirm a good downward movement. Right now after a few days of downward movement ...I have 2 blue (up) candles waiting for those to go away ...lol...on run their course....


I am also wondering at what point will the chart tell me that my minor downtrend is over and my upward trend is beginning again. So far from Dec 11 on the 1day chart there have been 3 lower lows.

I think to answer my own question I will wait till the price trend starts to loop higher than the previous loop and the high points are higher than the previous high points.

Sooo siting tight and waiting for a red candle......


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  #10 (permalink)
Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Got Stopped out of this one @ - 90 pips

New Plan:
Buy: 1.3680
Stop:1.3655 - 25 pips
Traget:1.3775 +95 pips

Not too sure what the price is doing right now. I adjusted that main trend line twice so this says to my newbie brain that neither trend is very strong. I am going to be a bit cautious with this buy (I should have been a little more cautious with that sell order below by tightening my stops tighter than standard) My stop is now at the bottom of that last red candle and I am giving it 10 pip give. Lets see what this week holds

In other news: options
...............VSN.......................
...............Apr $15.00 ......................
...............Call Option..... VSN.TO
21-Jan..... 0.45.............. 15.10
22-Jan..... 0.45.............. 15.04
23-Jan..... 0.40.............. 14.96
24-Jan..... 0.30.............. 14.76

price of VSN is still decreasing....

Have a great week


Live Dreams View Post
Got it.... I'm going in
Price 1.35428
stop 1.36330 -90 (standard)
Profit 1.3390 +150 (standard)

I'll give it a couple hours see where we are and adjust if needed. Yea trade 2

Options update: no price change on the vsn April $15 option still 0.45 while the stock price declined to $15.04

In other news.... it's soo cold here in Canada. ..lol Brrrrr. ... and bed time


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  #11 (permalink)
Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Stopped out on that last trade too.

Entered a new trade this morning. It was on the 1 hour chart as the 1 day chart was no showing any clear signs.

Sell Eur/Usd
price 1.3663
stop 1.3688
Target 1.3513
I closed this trade at 1.3641 as I did not like the way the price was moving. Down then up the down again then up then down again. So I decided to pull out and wait

Vsn April option 0.35 actual price of vsn.to 14.87

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Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Entered a new trade this morning. I think with my newbie brain The one day chart now looks good for a sell.
Prior days were very choppy

Sell Eur/Usd
price 1.3606
stop 1.3690
Target 1.3450

all day today things went well... let's see what tomorrow holds.
I may tighten up my stop at a proper retrace point later tonight



now 11:43 pm stop modified to 1.3560

now next morning 6:00am jam 31and got stopped out. Market closes today so now the fun part of evaluating my week.

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Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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I am MIA a lot

yea yea yea ....I have a pile of excuses


Last yea I lost a lot ....Ok well lets do better this time around

My Goal this year - same as when I started:- I added a few more

1) Properly structure my Dividend portfolio for the Good yields I can get with managed risk
Aim 4% and stable monthly income
Plan: To mimic BMO Dividend ETF to get pick on stocks
Plan: To Buy BMO Dividend ETF to take advantage of the diversification, cash flow from distributions
This has been working for me so far - especially with my absentee-ism which I will get better at

2) Learn More about small cap investing and analysis and valuing companies
(currently sucking in this department)


3) Learn To Trade Forex Profitable
Plan: I found Baby Pips .com - School of Pipsology…. Elementary to graduation here I come!
(I have been very unsuccessful so far and got alittle frustrated but I will be more patient... as I give up too easily sometimes)

4) Avoid Inactivity fees..(like I said MIA).....Structure your portfolio so that you avoid Inactivity fees.... $20 a quarter is alot of money and I am not working with a lot of money and these fees make it hard to build
(like I said MIA)


5) Make more than just 11 posts.

Great so I have my goals! lets GO!

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Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Live Dreams View Post

Lets focus on this Goal this week

1) Properly structure my Dividend portfolio for the Good yields I can get with managed risk
Aim 4% and stable monthly income
Plan: To mimic BMO Dividend ETF to get pick on stocks

Looked at BMO Canadian Dividend ETF Holdings - Took the March Dividend Distributors
Looked at the 1-3 year graph direction is stable or up
Ran the TSX stock screener for positive earnings per share then increasing revenue then for a PE less than 20 and compared it to my March list.
For March Dorel Industries Inc and Power Corporation Canada made it past EPS but Rogers Communications won the stock screener round and its Dividend % currently is 4%

as per the yahoo finance news " Following the approval of the dividend increase, the Rogers Board declared a 48 cent quarterly dividend on each of its outstanding Class A Voting shares and Class B Non-Voting shares. This quarterly dividend will be paid on April 1, 2015 to shareholders of record on March 13, 2015, and is the first quarterly dividend to reflect the newly increased $1.92 per share annualized dividend level."

Fits My criteria so I'm thinking about it

I'll read about Rogers and its competitors tomorrow
Bed Time

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Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Rogers Communications Price $43.70 - as per Global Mail Today

Quarter......................... Q4/2014........ Q3/2014......... Q2/2014 .......... Q1/2014
........................................ Dec.......... Sep .......... Jun .......... Mar
Revenue........................ ......3,366 .......... 3,252 .......... 3,212.......... 3,020
Gross profit .................. ......1,221.......... 1,303.......... 1,302.......... 1,156
Total cost of revenue.............. 2,145 ..........1,949 ..........1,910 ..........1,864
Total operating expense ..........2,748 ..........2,573 ..........2,472.......... 2,392
Income after tax.............. ...... 297 ..........332 ..........405.......... 307
Net income.............................. 297 ..........332 ..........405 ..........307
Diluted EPS excluding
extraordinary itemsvalue............ 0.57 ..........0.64 ..........0.78 ..........0.59
Dividends per share.................... 0.46.......... 0.46 ..........0.46.......... 0.46
Diluted normalized EPS............... 0.63.......... 0.77.......... 0.83.......... 0.61

PE - 16.85

Cashflow
Net change in cash ....................-2,125.......... -2,197.......... -2,292.......... -120

Dividend increased : Annual Dividend- 1.92 Quarterly starting March 0.48
It Will be interesting to see their performance during the year and if they can improve.



The competition! Price $54.24 BCE Inc. Bell - Quarter | Annual
................................Q4/2014 ..........Q3/2014 ..........Q2/2014.......... Q1/2014
........................................Dec ..........Sep ..........Jun.......... Mar
Revenue.......................... 5,528.......... 5,195.......... 5,220 ..........5,099
Gross profit...................... 2,090.......... 3,732 ..........3,729.......... 3,607
Total cost of revenue ..........3,438 ..........1,463 ..........1,491.......... 1,492
Total operating expense ........4,416.......... 4,006 ..........4,009.......... 3,981
Operating income................. 1,112 ..........1,189 ..........1,211.......... 1,118
Income after tax.................... 594 ..........703 ..........707 ..........714
Net income ..............................582 ..........631.......... 639.......... 648
Diluted net income ....................542 ..........600 ..........606.......... 615
Diluted EPS.............................. 0.65.......... 0.77.......... 0.78.......... 0.79
Dividends per share ....................0.62.......... 0.62 ..........0.62.......... 0.62
Diluted normalized EPS.................... 0.70 ..........0.85.......... 0.84.......... 0.84

PE - 18.18


Cashflow
Net change in cash ....................1,071.......... -185.......... 385.......... 206




Bell's figures looks like it is the better company with its positive cash flows and higher revenue and higher more stable EPS per quarter. Also Dividend increased : Annual Dividend from $2.47 to $2.60

Perhaps I was a little hasty in Buying Rogers. I will Buy BCE instead even though it is above $50.

Plan: I will wait to get my Rogers dividends and wait for a little price appreciation to Sell.
Sell Rogers If Price Goes $43.00 (a support) in this waiting to Sell period
Buy BCE Monday - I still have time to get the dividends from them so yay

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Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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Working on My Goals! GOAL 1. - Putting some Target Figures to it- Edited Quote


Live Dreams View Post
I am MIA a lot

My Goal this year

1) Properly structure my Dividend portfolio for the Good yields I can get with managed risk
Aim: (a) 4% and stable monthly income
Aim: (b) $40 Monthly Dividends - $480 of Dividends by Year End - Smoothing things out a bit on my little money bundle
Long Term Aim: (b) Dividend distributions enough to pay your Rent ($900 per month) - Ha ha! Challenge! Now there is something fun to aim for... Lets try...Long way to go
Plan: To mimic BMO Dividend ETF to get pick on stocks
Plan: To Buy BMO Dividend ETF to take advantage of the diversification, cash flow from distributions

I bought 2 ETFs this week - ZDV.TO - BMO Canadian Dividend and ZRE.TO BMO REIT 4% Distributions :
These will increase and smooth out my monthly Cash Flow a bit



I have been having trouble visualizing my performance
I moved My spreadsheet to Microsoft Access
I tried to make Access show my monthly cash flow from dividends so I can see it easily
and see how much more I need to reach my goal this year.
I Put in the stock and #of shares I want to buy and the dividend and the dividend frequency and it updates to show the effect on my little bungle.
I'm feeling Good about that
Took me the whole night and it still needs some work but I'll improve it as I go along now....Im just glad I got it working
Things are looking alot more organized now.

Bed Time

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Live Dreams
Toronto
 
 
Posts: 16 since Jun 2013
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One more thought before bed
Working on My Goals! - Lets work On performance Measures- Edited Quote


Live Dreams View Post

My Goal this year

1) Properly structure my Dividend portfolio for the Good yields I can get with managed risk
Aim: (a) 4% and stable monthly income
Aim: (b) $40 Monthly Dividends - $480 of Dividends by Year End - Smoothing things out a bit on my little money bundle
Long Term Aim: (b) Dividend distributions enough to pay your Rent ($900 per month) - Ha ha! Challenge! Now there is something fun to aim for... Lets try...Long way to go
Plan: To mimic BMO Dividend ETF to get pick on stocks
Plan: To Buy BMO Dividend ETF to take advantage of the diversification, cash flow from distributions
Performance: Exceed BMO Dividend performance by 1%

added: Performance: Exceed BMO Dividend performance by 1%

On paper: Easy
(Ending BMO Dividend ETF price + Distributions - Beginning BMO Dividend ETF price / Beginning BMO Dividend ETF price) X100
compared to
( Ending Dreams value - Beginning Dreams value/ Beginning Dreams value ) x100

On Access:
No Idea How I'm going to do this but lets see if I can make this work tommorrow

Bed Time for real this time

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