Tsx stock market
Active Trading Global offers a daily list of stock picks for securities traded on major Canadian (Toronto Stock Exchange:TSX, TSX Venture Exchange:TSX-V) and U.S. (NASDAQ, NYSE, AMEX) Exchanges. Our stock recommendations are based on technical indicators generated from advanced technical analysis. We trade frequently in trending securities with momentum.
Active Trading Global is suitable for day traders or short term traders who wish to buy and sell securities and take moderate but frequent profits. Majority of our clients daytrade on the Internet in Canada or U.S. through an online broker. Following the close of each trading day, we upload our stock picks to a subscriber-only area for the next trading day. The lists are made available by 8:00 pm Eastern. Click for a sample daily stock pick list.
Active Trading Global's track record is one of the best and accurate among similar services. We regularly update our performance tracking links for you to objectively assess the quality of our stock tips and investment advice.
General Trading Tips
1. If you are a first time trader, you should not trade if you are on margin (borrowed money) or if losing more than 50% of your capital will alter your lifestyle significantly (allocate no more than 25% of your total portfolio to Active Trading). You can trade on margin when you become more experienced, later ; We strongly recommend you to Papertrade first.
2. Always trade with stop loss or stop buy orders to preserve capital ;
3. With your stops in place, monitor price movement and take profits at levels 2-10% or above; alternatively if the trend is very strong keep the position open and just trail the stock price with your stops. See chart below for an example where protective stop orders have been used to trail a trending stock. Note how the protective stop follows the stock price in the up as well as the down trend.
4. Never take a loss greater than 5-10%;
5. Close positions for short term trades at end of day when possible. If carried overnight, make sure stops are in place before next day's open;
6. Keep track of your trades for tax purposes as well as for your own reference ;
7. If you are finding it difficult to take losses, stop trading immediately and re-assess your objectives.
Remember that taking small but frequent profits is the key to your success. Do not allow greed get in your way. Similarly, do not allow small losses to become large losses - always use tight enough stops to preserve your capital.
Sometimes, the same stock may appear in our list on consecutive days with different suggested ENTRY and STOP points. For example, a stock that our computers pick because of an "oversold" indicator, may continue experience further price drop. Although, the subsequent price drops are not as significant, it is still disturbing that a stock you bought continues to decline. In such a case we recommend you to stick to the new STOP point. Most likely, you will have an opportunity to exit your position with a profit in the next few weeks. Alternatively, you can put a stop-loss once the price exceeds your entry by an amount that you\'re comfortable with.
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