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Penson Financial Services that does the clearing for MB is affiliated with TradeFreedom in Canada

Isn't this a case of the fund managers running for safety? As soon as the cycle reverses the money will leave the safe sectors and migrate back to the hot sectors.

Someone, some where said "The chart shows the footprints of the smart money"or something along that line. Too many people have access to the information, and the opportunity to act on it before it becomes news. How does the size of your trade influence the risk you are willing to take.

Too Bad; I enjoyed reading your trials and tribulations. Best of luck with your trading and thank you. All the best:

Does a trader/technician have to know why?

But with todays mobile technology you can still trade from there. :D

Thats right. You have to close the trade the same day for it to be a day trade.

In my case it was a good thing. I started with much less than the required 25K. As I was only allowed to make 3 day-trades every 5 days I started swing trading. In cases where I was forced to make 3 trades in the allotted period (not always getting stopped out, ,sometime I hit my target...

Have you considered increasing your size so that you could scale out? Sell 1/2 when you panic and the other at target. If you get to target without panic you can let 1/2 ride fwiw. Boib

I have Canadian accounts with IB and TradeFreedom The day trading rule is enforced by IB in Canada. TradeFreedom doesn't require a 25K minimum but the cost of trading, $9.95 plus exchange fees can eat into your account if you're trading small. IBs commisions are about the same as...

How and where on the Canadian tax forms do you report futures trading? I’m assuming it is reported as a capital gain as it is reported on a T5008. How do you compute the “Cost base” & “Proceeds of disposition amounts”? Any help greatly appreciated.

Let's not forget Darvis

Trade the market. QQQQ ,DIA, and SPY or the e-mini's. Liquid market and no problem shorting.

A little panic maybe? Letting emotion override the system? fwiw; I don't have any money out there only 20 20 hindsite :D Great journal.

15 to 20 stocks is still quite a handful. How do you manage this list during the trading day? Do you use alerts or do you place stop or stop/limit orders at your entry points?

I fully agree. I can only add that your plan should be in writing. Somehow if you put it on paper it becomes more binding.

So when do you cover? There isn't a lot of downside left.

Sounds like you're already set up and claiming as a business. I have prepared tax returns both ways and to date there hasn't been much difference either way. It would have been to my advantage to be a business while I was learning so I hope that if the CRA decides I should claim as a...

If you're a business you can write off losses against other income or carry them forward. You are also allowed to write off all trading expences like your cost to attend "Trading Expo" in Vegas. I phoned CCRA last year and was told as long as I was trading securities I could claim them as...

It certainly makes life simple.