The community is delayed by three days for non registered users.

On the next SPY Pro

SPY Pro system new stop

Posted by rojoch on 2nd of Nov 2017 at 02:41 pm

On the next SPY Pro entry, if we want to try it with XIV how would we know where to put the hard stops?  Are they following a Moving Average?

Any updates on what AAPL's

AAPL System possible trade

Posted by rojoch on 15th of Jun 2017 at 07:42 pm

Any updates on what AAPL's subsystems are doing?  Went 50% long on your signal a few days ago.  Hadn't heard anything since...

Thanks!

What about just being able

SPY Pro system Important Update

Posted by rojoch on 28th of Mar 2017 at 03:36 pm

What about just being able to see the status of all 12 indicators?

Is there a way to

SPY Pro system Important Update

Posted by rojoch on 28th of Mar 2017 at 02:57 pm

Is there a way to look at these 12 charts each day?

Making Super-huge trade idea lists easier to manage?

Posted by rojoch on 17th of Jan 2017 at 03:45 pm

Lots of ideas in this week's Trade Idea list ( 32! ).

Looking at the ordering, are they ranked A / B / C (best- to worst-setups)?  Trying to figure out why they're not listed alphabetically (which would make it a lot easier to manage on my trading platform's watchlist).  I'm sure there's a reason for the current ordering; just can't figure it out.

Thanks!

.../j

electricjmr, I think they're all option contracts.  So pre-defined maximum risk (pay up front for the option to buy/sell at a later price).  The upfront cost of the option is the max risk.

I found this link in the comments at that site helpful too:

http://canadianmoneyforum.com/showthread.php/4828-TDW-RRSP-Currency-conversion-vs-quot-the-Gambit-quot

At the time of writing, it required a phone call *every* time... which could really add up if you're doing several trades per day.

There's got to be a better way.

Thanks sschulman, I'll check out the link.

Thanks mulisko, I'm currently with TDW and iTrade.

With iTrade, I pay $30/quarter for the "US-Friendly" account which:

  • keeps the USD/CAD exchange fixed for all trades in a given day (setting it after the market closes) -- which works well *only* if you close out all your trades every day
  • uses the same USD/CAD exchange rate on buys and sells (i.e. no spread).

However as soon as a trade continues past the end of the initial day, I'm back into playing roulette with the currency movements. 

And iTrade's real-time P/L figures (in FlightDesk) don't use the fixed rate when showing the P/L of a given stock.  I've had several times where FlightDesk shows a CAD profit when I sell, but it settles as a loss two days later.

For some reason, I rarely seem to be holding stocks when the exchange rate moves in my favour.

This Spring, I suffered a 40% drawdown on a huge position (yes, I know, the dangers of using fundaments-only rather than technical indicators).  Half that loss (20%!) was due to how far the USD/CAD exchange rate had changed since I bought the stock 6 years earlier (turned a 6-bagger into a 4-bagger).

The problem with buying just Canadian stocks/ETFs is the lack of sites (like this) that provide good technical analysis on them....

Has anyone found a good source for Canadian technical analysis?

 

I too am tempted to avoid US Stocks in my CAD accounts *but* all my investment assets are within RRSPs/RESP/TFSA.

 

BreakpointTrades only seems to run their analysis on US Stocks though, defeating the purpose of being a member here Smile

 

Is there a way to *hedge* against currency movements by buying/selling offsetting USD whenever a trade is made?

Thanks polish1.  Do you have to phone TDW each time (which I remember doing with TDW 10+ years ago)?  Or can you configure your online account to automatically do this now?

How do Canadians hedge USD/CAD fluctuations within RRSPs?

Posted by rojoch on 6th of Jan 2017 at 02:09 pm

Keep getting burned on the USD/CAD exchange rate when making swing trades because all my trades settle in CAD.

 

Most recent example: Bought 400 HFC on Dec 23rd @ $33.04 USD.  Set stop limit at $32.38 USD ($200 USD risk at the time).

Stopped out today (2 weeks later) at 32.38 USD.

However, it will settle as a $500 CAD loss because the USD/CAD exchange rate has changed during this time.

This has happened over and over and over for me.

How do people trade USD stocks within Canadian RRSP / RESP plans??  Surely this is a common problem.

Thanks!

.../john

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!