Saturday, December 4, 2010
An excellent three months for my RRSP
I have achieved Active Trader status and now pay $10 trades for any number of shares. This is a great benefit from my previous cost of $29 trades for up to 1000 shares. I could have made a few thousand more than I did, but one has to fight the bad psychology of "what could of been". How do you move your RRSP up by about $3000 in 3 months? I traded ATH-T, TKO-T, STB-T and MFC-T. I dumped MFC-T and ATH-T too early and made hundreds instead of thousands. TKO was just for a quick 10s of dollars. Now, I also got lucky by buying WTN-T on Dec 2nd when they announced an extension of their takeover talks with Walther. On Dec 3rd, it rocketed at the open and I made a cool $480. RESEARCH! I've done a lot of reading on GlobeInvestor, so that was essential. You also need a stock that has a high volume. WTN was very active once it was a takeover target. I noticed since STB-T pays its generous 9% dividend monthly, you can trade it during the month to make small capital gains as well as collecting the monthly dividend. Now, I'm holding K-T and it's risen nicely this week. I bought too high, but now it's in positive territory for me.
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