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  #41  
Old Posted Feb 17, 2016, 3:04 PM
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caltrane74 caltrane74 is offline
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Thank you Alberta?

As an "active trader" you really should take a closer look at Alberta.

The Canadian bank stocks are up an average of ~5% over the last two days and maybe 6.5% in the last 9 days...

Many large cap Canadian O&G stocks are up 15 - 25% over the same period. Had you invested there, you could've instead made $3 - 5,000.
My buddy got me into some stupid trades last week, cost me $500 bucks. Thankfully, I exited those positions, and will trade on my gut from now on, anyways made most of that money back this week.

As for Alberta

One of our plays that we make is UWTI and DWTI which is correlated to the Alberta Market.. But my financial plays are also long bets on Alberta, because of the percentage of commercial loans made to the oil industry. As oil goes so do my financial stocks...
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  #42  
Old Posted Feb 26, 2016, 4:16 PM
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TD, CIBC report higher first-quarter profits in spite of challenging environment

Read more: http://www.vancouversun.com/business...#ixzz41I6ubnjD

Good for me, now they will continue to cut exposure to the oilpatch and earning and dividends will continue to increase. Everytime these stocks get hammered I just come in and buy and buy at the lows, cause when the yields start touching 5.5% thats ridiculous... And I'm gonna make some money on that.

Over time the banks will disconnect themselves from the oilpatch and I won't have to deal with these fluctuations, but in the meantime, I'm gonna do my best to profit from this crazy volatility.


This is my play for oil

UWTI
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  #43  
Old Posted Mar 1, 2016, 3:42 PM
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The oil patch decline couldn't stop Scotiabank - they set aside 550 million bad loans to the oil-patch. Personally, I bought at 52 last week couple hundred shares in addition to what I held in my non-taxfree account. today, I'm laughing, profits up, dividend up, I don't even want to go to work today.. lol!

Scotiabank Beats Earnings Estimate
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  #44  
Old Posted Mar 2, 2016, 3:31 PM
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I ended up taking the rest of the week off work. 4 day profit of about $1500.

Trying to figure out what my next play is...

Gold is gonna drop like a rock, drop(hopefully) and I might make a play into DUST if it can stay below $5 there is the chance for a triple up in a month or two. (This is a leveraged ETF and is highly risky - so I may dollar cost in to limit my risk)
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Last edited by caltrane74; Mar 2, 2016 at 11:56 PM.
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  #45  
Old Posted Mar 2, 2016, 10:18 PM
yaletown_fella yaletown_fella is offline
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^^ Thats awesome.


Thanks for the thread. I will follow closely. I recently passed the CIFC exam and got liscenced to sell mutual & seg funds. I just need to save $1100/month in my dividend funds to live a comfortable life by age 47. It also dosent hurt that this will boost my contract level and help me win some free incentive trips.

I dont have the cajones you do to quit my work but I think I'll humor myself and throw 10% of my earnings into AltaGas.
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  #46  
Old Posted Mar 2, 2016, 11:54 PM
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I have not quit my job, just took a few days off.

edit: I can't quit my job, because I use my earned money to accumulate shares/dividends in stocks. So I feel more comfortable making trades because I know I have fresh money coming in. There are weeks when you will go down into the thousands, and you won't feel that good, so it's good to have the safety net of a J.O.B. Anyways, my mentor/buddy has made $30,000 in less than a week twice over the past year and he still goes to work, although, he does make twice what I do.



Yaletown, when you get licensed, hit me up! I'll buy some mutual funds from you.

I can be your first client!
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Last edited by caltrane74; Mar 3, 2016 at 12:18 AM.
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  #47  
Old Posted Mar 4, 2016, 11:05 PM
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If I had held onto my shares that I sold on Tuesday, I would have made an additional $1000 dollars in 3 days.. kicking myself. But still smart to take profits. - I'll do it again..

Gold is rising because of uncertainty caused by the prospect of Trump, so forget my DUST play for the meanwhile, I'm looking at Oil (UWTI) which is stabilizing and giving me good returns on my financial stocks.

Waiting for the markets to go batshit crazy again, so I can come in and buy, I'm at 100% percent cash in my Taxfree account, about 85% cash overall, just waiting for a play where I can make some money.

Back to work on Monday...
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  #48  
Old Posted Mar 6, 2016, 11:30 PM
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Some big names in the oil sector going on the "watch lists" of the big banks, meaning loans to these companies are in danger of going into an impaired status, where the payee is likely to have trouble keeping up with loan payments, and one level before default status, where the bank calls the loan, endangering a company with bankruptcy.

http://www.ctvnews.ca/mobile/busines...ists-1.2805783

As usual, my objective here is to determine how to best profit of this situation..another week like last week would be amazing...
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  #49  
Old Posted Mar 6, 2016, 11:42 PM
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Originally Posted by caltrane74 View Post
Some big names in the oil sector going on the "watch lists" of the big banks, meaning loans to these companies are in danger of going into an impaired status, where the payee is likely to have trouble keeping up with loan payments, and one level before default status, where the bank calls the loan, endangering a company with bankruptcy.

http://www.ctvnews.ca/mobile/busines...ists-1.2805783

As usual, my objective here is to determine how to best profit of this situation..another week like last week would be amazing...
I assume that if that happens, we'll see some of those big names being put up for sale?
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  #50  
Old Posted Mar 7, 2016, 3:21 AM
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If anything happens that impairs the ability to repay loans, the banks will assist with the sale/and or mergers of said companies to prevent them from going into bankruptcy.
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  #51  
Old Posted Mar 9, 2016, 7:39 PM
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Stocks have been going up for almost a full week straight.. (Assuming that everyone on here that owns a mutual fund is making money??)


Outside of my core investments, I'm sitting in 100% cash... Making money, but not as much as if I was trading in and out over the past week. Want a reversal to get in, or better yet, trade a leveraged EFT going down.
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  #52  
Old Posted May 24, 2016, 2:21 PM
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Well my skyscraperpage friends, it is time to "GET RICH"

I'm am starting a short position in oil due to oil production coming back online in Fort Mac, plus issues in Saudi.

http://www.telegraph.co.uk/business/...tractors-face/

I'll start my position very slowly, small increments increasing week by week over the next 8 weeks. Leveraged three times on 10k is my plan. - I'll draw down in July to early August.
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  #53  
Old Posted Jun 1, 2016, 1:15 PM
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Oil is tanking... lol!!

Can't seem to stay above $50 bucks..
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  #54  
Old Posted Jun 24, 2016, 1:53 PM
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Good Day to be a Bear!
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  #55  
Old Posted Jun 25, 2016, 8:22 PM
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If you'd invested in Bear Creek Mining 6 month's ago, you'd have quit your day job by now.
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  #56  
Old Posted Jun 25, 2016, 8:41 PM
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If I invested in my buddies Gold ETF in February, I'd be a millionaire right now.

Hard Ball in the Big Leagues..
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  #57  
Old Posted Jul 7, 2016, 10:34 PM
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Oil fell through the floor today....nothing to stop it from going much lower.
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  #58  
Old Posted Jul 7, 2016, 10:51 PM
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Nothing?
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  #59  
Old Posted Jul 7, 2016, 11:55 PM
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Fell through 46, the support level for the last month and a bit.

Add in Brexit and global oversupply, could see a nice drop by fall/ or during.
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  #60  
Old Posted Jul 8, 2016, 12:37 AM
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Fell through 46, the support level for the last month and a bit.

Add in Brexit and global oversupply, could see a nice drop by fall/ or during.
Another good day to own stock in USD too.
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