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.
Trading Quick Tip:
Once you take on a new stock position, you are no longer a trader, you are a “risk manager” and should monitor your trades on a daily basis depending on volatility. When you enter a trade assume you are wrong and let the market prove you are right. This will diminish the hubris that [...]
Strategic Mining Corp. – Trading Update
As a member of the Hotwiredstocks.com team, I am so very pleased to submit the following press release:
TORONTO, March 4, 2010 (GLOBE NEWSWIRE) — Strategic Mining Corporation (Pink Sheets:SMNG), a U.S.-based mining and exploration enterprise focused on the exploration and development of precious mineral properties in Vietnam, the U.S. and West Africa, announced today that [...]
Market Summary: FRIDAY, March 5, 2010
The government’s highly anticipated employment figures proved less ominous than expected. The Labor Department reported nonfarm payrolls depleted by 36,000 in February, with the unemployment rate remaining stagnant at 9.7%. In comparison, economists had expected a monthly loss of 50,000 jobs and were anticipating an unemployment rate of 9.8%. It was also reported that consumer [...]
Who To Blame for Trading Losses:
Whether it is bogus accounting practices, mis-leading research, over-hyped IPO’s or any other of the many Wall Street scandals, investors and traders often become so frustrated and irate that they are tempted to sue their broker. Occasionally they may be successful in recouping some of their losses . More often your broker or external influences [...]
FUNDAMENTAL and TECHNICAL ANALYSIS PLUS?
Fundamental and technical analysis each contribute to the decision making process by traders. However, many times those insights are incomplete and sometimes contradictory. Collectively they go only part of the way toward explaining stock price movement. What they both miss is investor psychology. In my previous articles I often refer to the market adage; “the [...]
Trading Disciplines:
Whether you are a beginner or a seasoned trader, several common mistakes, misconceptions and false beliefs can hinder your trading progress and success.
Your ability to overcome these hurdles will decide the level of success you eventually achieve in trading.
The truly committed trader must constantly guard against these hurdles as it is easy to fall back [...]
Takeover Rumours:
The chat rooms are rife with rumours and conjecture, especially those initiated by frustrated shareholders of underperforming companies. But every now and then legitimate discussions take place regarding takeover targets.
Often when takeover rumours first appear many traders will jump on the banbdwagon and buy shares in the takeover target, solely on the assumption that the [...]
