What’s your typical trading style?
We make most money from the market as a whole. The most profitable time is mid-to-late week, when we earn about half of our daily profits. On the other hand, we pay our investors relatively little, and that’s a different story. On a daily basis, we are paid only a little more than 10 cents per stock position — about the same amount I make for investing on the side.
What markets do you participate in?
My main trading area is the TSX. I traded 100 positions to cover the TSX.
What is your trading platform in the United States?
We trade on the BMO Canadian Peso, and I am still active in the U.S. equity market, especially on the Nasdaq. In Canada, we are now the only public exchange-listed Canadian equity, and my exchange-traded funds can be bought or sold from a wide range of other markets. I am looking forward to expanding our Canadian equity positions to include additional countries including the U.K., Germany, and Argentina.
How are you able to stay in the stock market despite making a high household income?
You have to manage and deal with a lot of risk. Our Canadian broker is also an expert on risk management, so that makes things easier. I think my financial savvy has helped me stay out of the rat race.
Are you an early investor? If so, how much do you own or invest in the industry?
I own a minimum of $1,500 in the Canadian market, as an early investor. I invest in many Canadian businesses, including mining companies (Sierra, Goldcorp Mines, Suncor Energy), telecommunications stocks (Bell Media, Shaw Communications), and some of Canada’s top restaurants (McDonald’s, Pizza Hut, Tim Hortons). Other than that, I have no positions in the Canadian market.
What’s your stock-for-stock trading strategy?
This year, I’m buying a mix between the TSX, Canadian stock markets, and emerging markets. My strategy:
I buy small caps in a “Big Five” basket at the market close. From there, I invest large cap stocks as they move to the upside, and short a couple of smaller and low-price-to-sales stocks as they fall in price.
In the long run, I plan to hold a few smaller holdings. I am hoping to
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