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Monday, May 30, 2011

All in a girl day trader weekend

It’s been a great weekend overall. I worked at my weekend job, but did not work much online. I prepared my summer clothes, color my hair (it was really needed as my last coloration was in February), I did my nails (in pink of course) and I purchased my usual scratch and wins... And here’s the fun part: I win 50$ at playing Scrabble. I kept a 40$ for myself and pick different tickets for 10$. And surprise, I won another 50$ on Scrabble. I felt lucky, so I purchased a Loto Max and a Loto 649 using my credit card. I did not win on Loto 649, but Loto Max results are for next week... lol... Later on, I went for grocery shopping and purchased another Scrabble. And I won again. I did not check this one yet, but I think I won 5$. If it’s just 5$, I will keep the money for my Second Cup coffee of this evening. I had been lucky. This is very nice because I had left 60$ in cash that I used on my credit card payment. I will only have left less than 300$ to pay on it.

This past week, I was told I was going to be short of work for the 2 weekends last time I call to give my hours, but it seem like I was provided the wrong information as I was on scheduled Sunday and I am on schedule for the next weekend also. Oufff... And I need the money. At this time, I want to add money to my margin account to decrease it. So for now all extra few bucks will go on the margin account.

Basically, here’s my plan to decrease my margin account usage:

-Sell at profit Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD).

-Sell a few stocks of Sprott Inc. (SII) at profit. I had been a long time shareholder of Sprott Inc. (SII). For their last special dividend, I had invested in hundreds of new extra stocks. I would like to sell those same stocks because they had been purchased using my margin account money.

-Sell at profit all my holding or partly of TMX Group Inc. (X).

-Sell at profit First Majestic Silver Corp (FR).

Those stock sells could help me to significantly decrease my margin account using. Part of the money could be reinvested in companies that paid a higher dividend, and another part could go to pay off my 10 000$ credit line. Currently, I could sell at profit stocks of TMX Group Inc. (X) and First Majestic Silver Corp (FR). I could even sell a few stocks of Sprott Inc. (SII). But it’s not something I am willing to do in a rush and it’s not an emergency. As for now, I prefer to hold TMX Group Inc. (X) and First Majestic Silver Corp (FR). I am not planning to do any day trading for now in reason of those transactions that are pending. I wouldn’t like to be stuck in a situation where I absolutely need to sell asset just because I am too high on my margin. Also, at this time, the economic situation of Europe is not very good. So better play safe and safe some money. At this time, I have a good feeling about my investment portfolio and I am kind of super relax and my nails look pretty.

I taught this weekend about updating my investment portfolio value but I wasn’t really into it and I spend time reading blog online and I was really out of my head. However, my non registered stock portfolio was closed to the 118 000$, according to the TD Waterhouse balance update. I was a bit shocked, actually. This is the update following my sell of Horizons BetaPro COMEX Silver Bull Plus ETF (HZU), by the way. I was quite happy. Nothing can really stop me at being successful with my portfolio, if it’s not a bad market condition. And a bad market condition may come at anything. But personally, I think the Toronto Stock Exchange should not response to the difficulties in Greece, Portugal, etc. for the simple reason that Canada is not involve in the European Euro mess and I think we should continue in our way without caring. Euro is what f up Europe, Canada has nothing to do in that. We have to protect Canadian interests in this. Europe is far behind everything. French of France among other come here to Canada, stealing jobs belonging to Canadians who had built the economy of Canada from generation to generation. It’s not ok for us to suffer from what’s going on in Europe. There’s different type of criminal and Europe is full of financial criminals, a lot more than Quebec province.

This being said, lately, I had been good at following my frugal gold rules. My main rule is to not purchase food outside grocery shopping. It could be seen simple, but it’s easy to cheat on this one. So what I do is that I cook my lunch for the whole week and bring a banana, an apple and a snack bar with me when I leave home. For about 2 weeks, I slack on my food purchase a lot but that’s a goal I had came myself with because I don’t want to rank up at 500$ in expenses of all sort on my credit card every single months. When I leave home for work, the only expense I allow me is a medium Second Cup coffee. I try to avoid my Second Cup coffee purchase, but I find myself starving for caffeine and I felt weak, at some point, really weak. I am allowing me a one Second Cup coffee per day and it’s about all. I can’t believe June is almost there. In my head, we are still in February and I am still at home in New Brunswick. What happen between February and now had passed by without me knowing it.

1 comment:

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