tsx venture traders?

A

apo99

Hey guys,


Any tsx venture traders here?


I’ve been exclusively trading the venture for about 6-7 years now with also some other illiquid small caps on the tsx.


Volume has dried up recently and ive been stuck,


Ive had some great years trading many of the sub $1 equities because of the way they trade (super wide bid / ask) very choppy


But haven’t been able to transfer my success to other markets or even higher priced stocks.


The exchange is so illiquid, 60m shares daily and I do about 1m a day just to give you an idea. I know there has to be a few other lord of the flies like me out there.


Apo
 
apo99 said:
Hey guys,


Any tsx venture traders here?


I’ve been exclusively trading the venture for about 6-7 years now with also some other illiquid small caps on the tsx.


Volume has dried up recently and ive been stuck,


Ive had some great years trading many of the sub $1 equities because of the way they trade (super wide bid / ask) very choppy


But haven’t been able to transfer my success to other markets or even higher priced stocks.


The exchange is so illiquid, 60m shares daily and I do about 1m a day just to give you an idea. I know there has to be a few other lord of the flies like me out there.


Apo
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A portion of my portfolio is in Canada, stocks from the TSX and Venture. I avoid the really small companies due to the illiquidity. I've had some good trades on the Venture over the last year and a half (RHT, KNT, GGI, NVO).

I've found that my strategy translates well between Canada and US (same approach, slightly different rules). US is less stressful due to the high level of liquidity, good fills and almost no slippage.
 
Same here Gary, unfortunately the choppiness and iliquidity of the venture is also the reason i have stayed profitable over the years but is now getting more difficult as i grow in size
 
mabye 30% of the tsx venture volume is now in dark pools, this is what killed a lot of the retail trading on the tsx v
 
Well anyways im trying a new strategy on the tsx and tsx v, since this is a resource based exchange im pretty much buying commodity backed equities at the open that haven't pooped because of the lack of liquidity in very simple terms
 
Since your original post back at the beginning of 2020 I've been running my TSX/TSXV monthly rotation strategy. It's a combination of TSX-listed and Venture-listed companies that I rotate into / out of once per month. Overall the performance has been decent (2020 was very good, 2021 not so good, 2022 flat). During this time I had about 170 unique positions, 22 of which were Venture companies. The trades on the Venture companies did not fair very well: 23% positive, average return -2.7%. Best performers: HIVE and SLI. Worst performers: FOBI and NXO. Average return per trade on entire portfolio was 1.3% so the Venture companies lagged significantly.

I currently don't hold any Venture stocks.
 
GaryBtrader said:
Since your original post back at the beginning of 2020 I've been running my TSX/TSXV monthly rotation strategy. It's a combination of TSX-listed and Venture-listed companies that I rotate into / out of once per month. Overall the performance has been decent (2020 was very good, 2021 not so good, 2022 flat). During this time I had about 170 unique positions, 22 of which were Venture companies. The trades on the Venture companies did not fair very well: 23% positive, average return -2.7%. Best performers: HIVE and SLI. Worst performers: FOBI and NXO. Average return per trade on entire portfolio was 1.3% so the Venture companies lagged significantly.

I currently don't hold any Venture stocks.
More...

Hey Gary,

Im struggling tremendously on the venture, volume is down from 80-100m shares a day to almost 25m a day now.

Im working on a short only strategy on the venture, but the fees are very high and its hard to locate shares.

You should take a look at the ASX, i have been able to run my old strategy on the ASX as liquidity is much better
 
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