Carl Christie has traded equities for close to half a century. Thirty-seven of those years were spent on the Toronto Stock Exchange trading floor as a market maker and professional trader. As the Chairman of the Professional Traders Association from it’s inception in 1987 until the TSX trading floor closure in 1997, he represented the trading floor by sitting on numerous TSX standing committees and trading rules committees. Since 1997 Mr. Christie has consulted with publicly traded companies in both an Investor Relations capacity and as a stock trading analyst.
Carl’s Quick Tips – #1
1. FUNDING YOUR ACCOUNT
Anyone who funds a trading account using money they really cannot afford to lose is setting themselves up for disaster. Trading with “scared money” immediately puts you in a mindset of trading out of fear and emotion, rather than calm and logic. In particular, if you are a novice trader, you should [...]
SIMPLE TIPS FOR THE DAY TRADER:
If you are comfortable executing many trades daily then finding a trading plan that is relatively simple can assist you greatly. As I have day traded for four decades the trade decision making process I use has been honed by sheer experience. For relatively new traders a simple plan is best. I believe the three [...]
March is National Fraud Prevention Month
…and we want to remind you of our top security tips:
It is 2010 and so many of us use our computers for banking, shopping, trading and communicating. As a result your privacy and security must be of paramount importance to maintaining the integrity of your personal information.
Here are a few tips we hope [...]
DOUBLE YOUR MONEY – RECOUP YOUR LOSSES:
Ninety percent of the trading tips that I supply for Hotwiredstocks.com contain the reminder: ” never forget to protect your positions by using “stop loss” orders.”
I repeat this refrain because to me it is the single most important tip I hope every trader will follow. Quite simply traders hold on to losing trades too [...]
This Week’s ECONOMIC CALENDAR: March 15
Monday
* March Empire State Manufacturing Index
* February capacity utilization and industrial production reports
* GTx Inc. (GTXI),
* Medivation Inc. (MDVN),
* Sequenom Inc. (SQNM) will release earnings.
Tuesday
* February’s [...]
The Week Ahead: Does the Rally Continue?
Last week the markets continued the rise that began on February 8th. Most of the major indexes followed in the Russell 2000’s lead and established new recovery highs. As positive as these moves have been, to me it certainly appears that the markets are clearly overbought. Rather than reviewing charts of the DOW, S&P 500, [...]
HOW TO SAVE
In recent articles I have presented contrasting opinions on the future direction of our equity markets. Even the media can’t decide if the recession is nearing its end or not. What we do know for certain is that there hasn’t been a tremendous surge in wages, job creation or the stock market. As [...]
