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Did you classify your status as a trader to the cra?

My accountant told me not to declare myself as a trader since i have a full time job. CRA is very grey when it comes to this

I sat in front of a screen for 3 years watching the tape losing money every day, then i stopped losing and started making small amounts and just compounded my gains. I dont use charts for my penny stock strategy.

I will try my best as my holding times are 30 seconds to 5 min, Most stops are set at $0.20-$0.30 below my entry, target is about the same. Finished the day +$1000 (wired out) penny strategy +$40 GLD +$400 TFSA ) Took some good trades considering this account is only 40k +$1440 on the day...

Bad trade, got in at a lows and sold right away for no good reason. Too small of a profit, left and easy $0.25 on table, +$108.00 (- $140.00) +$72.00 Bought first pull back got stopped out bought double bottom and got out for small gain. Im getting out to early on all my trades must...

finished +$1500 penny stock strategy (wired out) +$190.00 on new GLD strat +$100.00 TFSA 1 trade Good day, gold opened green and reversed big time, gave some good opportunities in the gold juniors. Might still be able to have a decent year despite a -30k loss in Feb and 0 profits in February...

Filled 600 of 600 at $183.935 (first pull back) Filled 600 of 600 at $184.165 Filled 600 of 600 at $184.300 (first pull back from new high) Filled 600 of 600 at $184.400 EDIT* + $198.00 on GLD (got out to early, wasn't at my desk had to take profit and go to meeting, perfect entry but got...

yea lol Yea lol if this was an average day i would be quite happy,

Today's summary +$1500 (wired out) from the penny stock strategy (long on a few Canadian gold juniors at the open) +$200 TFSA same strategy as the penny stock but NO shorting, +$120 USD from the new GLD system overall good day will post more on the criteria and rules to the new GLD system...

I appreciate the nice words but its not true. When you factor in how much time i spend on weekends, after work, the amount of money i can make at work if i focus 100% of my time. How much I would have made if i took a regular job out of school as a CFA charter holder, or if i even would have...

Im sorry i wasn't clear, my account balance in 2012 was 8K, i deposited additional funds as well

I understand what you are saying but im no spring chicken to trading ive been doing this for 10 years. Ive been been profitable for the last 8. Ive had 9 losing months out of the last 96, so yes you can be consistent on a monthly or even weekly basis, im not looking to make money every day but...

Filled 600 of 600 at $182.540 Filled 600 of 600 at $182.640 Filled 600 of 600 at $182.700 Filled 600 of 600 at $182.800 +$120.00 on the day for the GLD system. (got out to early on the first rip left $0.40 on the table, wired out +$500.00 from penny stock strat

I hold between 3 hrs and 2 days. The longer i hold the better chance its a loser, i rarely go short and none of the stocks are marginable, its long only.

I mean this isn't a strategy were you will make huge gains. It will always be a grind, but if i can make it a other 15 years il be okay

Hi Es, the profits posted above are from the penny trading strategy NOT from the GLD one. yesterday was day 1. The account for the penny stock strategy is a cash only account that is from 400k-550k depending on what i Wire out. All trading from this strategy is done with CIBC

this is a 45k $cad account and i use all the available margin from TD wich is around 100k USD, if you think $100-200/ day with a 100k is not good then i dont know what to tell you.

Most of my extra money is spent on Fishing and Cigars, i dont think financial freedom is possible in this type of trading

hello Tradex, unfortunately i forgot to mention that the penny trading system has hit its max account size and i cannot scale more of it which is why im making a second system. And i have to manage my money better as i have been over spending the last 3-4 years.

Hey, im done school now, most of my trading is done from work. I have a trading set up at work and i work from home 1-2 days a week. It was an agreement i made with my boss, i work for a food processor in Montreal is that matters