Sunday, February 22, 2015

Recent Trades

   I recently wrote about a trade in my margin account, that you can read about here. I have traded the stock, Sherritt International, a few times before. I am currently still in this trade as the price of the stock as not risen to my exit point.
    During the month of February, I place a trade inside my tax free account for the same stock Sherritt International. My entry point was $2.10 a share for 750 shares in total.   Since I purchased an odd lot of shares, my commissions were a little bit higher.

 Sherritt International Trade in TFSA:

Initial Investment = 1582.67 (including $7.67 commissions)
Proceeds of Sale = 1829.83 ( including $7.67 commissions)
Profit = 1829.83-1582.67 = $247.16
ROI = 247.16/1582.67 = 15.62%

I also had another trade on in my TFSA that was completed. I recently wrote about purchase of shares of Bombardier Inc. Class B shares inside my TFSA, which you can read about here.  On February 2, 2015 , I sold my shares when the limit order was filled.  The details of this trade are shown below:

Initial Investment  = $1380.00 (including $5.00 commissions)
Proceeds of Sale = $1495.00 ( including $5.00 commissions)
Profit = $115.00
ROI =   $115.00/$1380.00 = 8.333 % 

click to enlarge

Disclosure:  1) Long BBD.B in margin account
                    2) Still own S.TO in my margin account as a trade


     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.


  1. New to the site, but you are my kind of blogger.

    I've blogged in the past about my trading logs but people never seem to connect to my option strategies. Will have to look through old posts.

    I recently bought SLV (around $16 a share) and started writing CC's (huge premium because of negative trend and season) -- It's down a hair on the security, but I'm still up a solid 2% after only twenty-some days.

    1. Drew,

      Not to many try the options route as they believe options to be risky and just want to buy and hold. For an investor to sell a naked put, they are paid a premium for the obligation to buy 100 shares of the stock at or before expiration. The investor must keep adequate funds available in case the option is assigned. For cover calls, an investor might want to hold the stock for years and by writing a call option, the option could be assigned and the investor misses out on the uptrend.

      To me, if I want to own for the long term I might or might not sell a put depending on many shares I want to own. I usually do not write covered calls but my purchase price was high initially.

      For normal stock trades I usually pick a sell price and do a limit order. I like to buy and hold mostly as indicated in my portfolio as I have own some of these stocks for years.