No more CHA! Trade Trade!

Today was another busy day at trading! First of all I want to highlight my difficulties again. Because only then can you my readers truly understand what I do. We are getting our staircases finished because we just moved into a new house. Sooooo at about 9:17 the stair guys come. I'm like O GREAT! I also had my omelette sandwich in my hand, I stopped making cha in the mornings now due to time constraints and I also had calls coming from my mom about 2 times within 5 minute time span because I had to cancel some appointment for her and also she wanted to tell me that she made me some roti so I can eat it. I don't hate on that. I am just saying and all of that happened between about 9:17 and maybe 9:35 ish. I was like to myself "WHAT ABOUT my trading?" I got sad.

The guys who are finishing my stairs were like omg your stairs have not dried up yet, we cannot coat them with the final layer we will come back Thursday! So NOW, I am happy!! Mu ha ha. Trust me people, you know it rough when I stop making cha for myself in the mornings!

But I traded today, managed to pull out a winner. I traded Urban Outfitters...LOL I just found out right now while writing the blog which company I was trading...does Urban Outfitters operate in Canada? 

Please Right click Chart, Open in New Tab

Below are my trade tickets and P/L for the day.

I didn't play with full risk today because I knew I would be caught up with the dudes who are finishing my stairs so hence the smaller share sizes. 

I few things I want to highlight, for anyone who trades or is doing or starting anything else in life, you really have to treat it like its the only thing you got. If you don't then you wont get results.

Calls, calls and more Calls

Anyone who hasn't listened to Missy Elliott's song one minute man song here it is http://www.youtube.com/watch?v=XayUCLgxS5c

So why is did I include this song? It is because just like Missy Elliott's 1 minute men this trade was pretty much the same. There was VERY VERY little time to process information, I swear my brain was scrambling. I only knew 1 thing and that was to GET IN THE TRADE.

Here is the trade below:

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If you look at my prints below you can see I entered the position at 9:33:46 and last trade was executed 9:37:07 That is exactly 3 minutes and 20 seconds. And my profit? $152

Props to one of my readers for mentioning I had a type in my post! shout out to @usmaanmujtaba for pointing out the fail. It is now fixed. 

I am just trying to make the world realize how QUICK, ALERT and HOW FAST I have to make my decisions. I've missed plays in the past and I really really HATE the feeling when plays get missed or my orders get skipped. If I even pushed "BUY" maybe 1 second later it would have made a massive difference to my end result. 

Now imagine trying to trade and also getting phone calls at the same time, my house phone + cellphone were going off the HOOK before during and after the trade. LIKE PEOPLE I AM TRYING TO TRADE. (not saying don't call me) but like come ONNNNNN.

Please refer to image below of my incoming calls this morning during trading: I have left out the names! Also I got a call a t 9:27 on my house phone!

Thank you,

Enjoy your day everyone! 

First day Back

It's September, the summer is kinda behind us, for students it's like New Year's Day haha! I want to go back to school, life was so chill, all I took to school was a pen and a notepad. I kept it old school, I tried to fit in with others and take my laptop and I found it was the dumbest decision of my life. I think I only took my laptop to school once. I rather come empty handed and carve notes into my skin with my chewed up nails. (Not)

Okay but today was my first day back to trading, I've been waiting a whole month and it was a good day to learn to pay attention, take it slow (the way the ladies like it) and lastly I need to create a trade checklist because I ended up inputting too many wrong orders. I was lucky the market wasn't mean, but just like a teacher who forgives that late student on the first day, the market was very nice to me. I made a few mistakes when I wanted to input my orders and still somehow I ended up walking out with a profit. Who doesn't remember the hit 90's show Forgive or Forget?? Today the market forgave me. If I get fancy again it may chew me up and forget me. ( the show wasn't as good as Jenny Jones) 

But lesson learned today: Ensure orders are entered correctly and double check before pushing buy / sell. 

Here is the trade.

It was a beautiful short setup, I don't know what it is about shorting but OMG shorts are just something else. I played this on the 1 minute chart, I am getting a lot better at choosing the right setups with the right time frames. Normally being aggressive out of the open is not my thing but it can only be done if a stock and the market is properly understood prior to the open. It took me probably less than 2-3 after the market open for me to develop an understanding if I should trade this or not.

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Here are the trade tickets:

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No more playing around, mistakes can't keep happening over and over again, it just leads to bad behaviors. 

Trading Tales : Panera Bread

The first ever time I day traded Panera Bread I was super happy, it was a beautiful short, it was clean and it took a a lot of patience (almost like baking bread). So that day I told myself that I would go on a mission and take a picture with every company I day traded. Originally I thought Panera Bread was an American only chain but soon found out there are a couple of them in Toronto. This was not a planned photo shoot hence the funky shirt and so on but hey Panera Bread is first in the album!

Enjoy the picture! I didn't go inside because I don't do business with the stocks I trade. Mu ha ha 

Photo taken by: My fiancé <3 

Next on my list of  companies: 

BBRY (Waterloo), MSFT (Mississauga), IBM (401/404 area), AMD (if in Toronto), SWY (Vancouver), MCD (any major intersection), YUM (Vaughan), HD (Airport / Queen), LOW (Steeles / Kennedy, WMT (Airport / Queen). 

It's so hard remembering names, sometimes I will arrive at work and my friend will ask me "Sandeep what you trade today?" And honestly it's so hard remembering, they're just ticker symbols ladies and gentlemen, I won't remember even a few hours after trading what i traded. Sometimes I don't even know the full company name...it's just that crazy, it's all about setup setup setup. I don't care if it's GOOG or AMD, it's all about setup. A few people have asked me "what stocks do you trade?" And my answer is "any stock" because it literally is just any stock that's got the right setup. 

But. 

There are 2 types of stocks and I've mentioned this before. The first type of stock is the dirty stock, this is a stock you stay away from when day trading, my favorite example is COH. Please use extra caution with these stocks. The second type of stock is a clean stock, this stock follows all rules, all patterns and is the calm puppy, an example is ummmmmm I will say IBM for now. 

The following are the stocks I don't trade: 

Banks and miners, they just ummm not my thing. You will never ever ever read a post about a bank stock, don't matter if it's Canadian or US, nah, I don't touch...I've tried years and years ago...didn't really work. 

I would line up the XLF with all the banking / Financial stocks in the US and try to find patterns and turning points but I wasn't too happy with my results so now I don't bother. I moved on. 

There you have it. Officially my album has started. 

Listing and Selling your property PRIVATE : iSold!

Selling your Property Private

• You need yourself
• You need the help of possibly friends / family
• You need to NEVER give up, never lose hope, NEVER EVER EVER let anyone tell you "you ain't gonna sell this" and when they do tell you, you look them in the eyes and tell them "watch me..." - DO ensure you sell it by yourself to save yourself from being harassed and humiliated. 
• You need a property to sell (obviously)
• If you get a good lead or a buyer that is even some what interested you will need to follow UP and follow up and follow UP. why? because following up is FREE.
• Important: Raid your area with information signs about your property. We bought ours from the dollar store and wrote "4 Bedroom + Finished Basement" and included our phone number and put the signs up near plazas and local temples. These generate tons of leads and it wasn't our open house efforts that sold our house, it was a sign we put up at the exit of a plaza that sold our house. How do we know this? Because every time someone would call we would ask them how their heard of our property! Any one interested will dial the number. And how much do these signs cost? $1.25 for the sign and about $1.50 for the metal wiring that goes into the ground. Total cost: $2.75 so even if the city takes the sign its WORTH it because they generated an average of 4-5 phone calls a day. 

I will now list how we sold our house privately, the amount of effort it takes and also the emotional turmoil, time turmoil, family turmoil, friends turmoil and did I forget to list emotional turmoil? Yes, basically every type of turmoil you will go through. And trust me, I live in Brampton...it is a hot area, houses here don't last long if you in a hot hot area for example the area of Queen St / Gore Rd. This is a RED HOT SALES EVENT market.

Day 1: 

The entire family was epic excited to do our open house, we thought our house was the BOMB, it has a nice fresh basement, side door, double garage, we in the hot Gore Rd. market, we close to highways, we got the garden going in the front yard and the back and we got fresh paint on the walls and our house is kept in very very good shape. We were like THIS baby gonna sell like McChickens on Wednesdays.

Day 30:

The turmoil, the fear, the feeling of "why not?" and also a ton of others feelings. But you know what, we listed this and we closing this sale too, we took the challenge and straight up we didn't back down. If I was a Real Estate Agent I'd probably go home and cry every time I did an open house, it is so frustrating to watch families, couples, singles, random people, young people, kids, elderly people and a ton of other type of people walk through your home and say "we like it, we will call you back" - how many of the people called back? 0. That is WHY you MUST CALL them! 

Day 60 ish:

BAM, a group of 6 people walked through the house, we got some good vibes and that is it, I followed up with them 2 days later and the deal was closed (it did take a little negotiation, emotional turmoil, and about a week to finalize everything). I didn't do all the work, I have to thank my family and their continuous efforts, the cleaning, the prepping, the staging, the phone calls, putting up open house signs and everything else. We basically were our own real estate agents. We paid ourselves by saving the 3.5% or 4% that the agent(s) take. Now you consider even 3.5% on a $550,000 property that is a savings of $19,425. We basically paid our selves $19,425 in about 2 months instead of giving that away. Now this is not written to say do not go with an agent, agents do a lot of work, its not easy and only list your house on your own if you know you have the guts, the glory, the human power, the support, the time and the patience. If you don't, then hire an agent.

Enjoy the Picture Below: