Message Boards

Stock Talk
Moderator is Kathy Courtney

Date: 1/2/2009 6:21:24 PM
Frequently Asked Questions
Author: jdmoodie Country Flag
Subject: 15313/19935 - Re: TFSA - TFTA, another hitch
<= Previous              Post Response              Post New              Next =>
Message:
Yes, options are... an option. Trouble is I am looking at day trading so I am not going to even think about trying to get into options on that small a time scale.

If I really wanted to play long and short I would just trade an index fund of one form or another that has a bear and bull version HXU and HXD for example. That way I can go long for, or against, the market. I need to look at these ETFs again to see if this is a workable solution for me...I like shorts. I did some testing with them in the past for a secure hedge entry plan. I am just not sure that they track like a stock in the short term trades.

I can run my two accounts in the same software and just switch between the two. long in TFTA and short in the regular margin account. It just means paying full marginal tax on the shorts and none on the long...I need to consider if it is still work the trouble to do so or just go with the long plan....I am leaning towards the long plan.

Jeff.
 
<= Previous              Post Response              Post New              Next =>

Support DIRC - Buy Amazon
Books purchased through the links in the Books section help support this website.
Even if you do not buy the linked book, any purchase where you originally got to Amazon.com through the link is beneficial.
Your support is appreciated.

Author Profile
  Number of Messages Past Six Months: 0
  Location: Smiths Falls, Ontario
  Fav. Companies: DRiPs: BMO, FTS, REI.UN, PGF.UN, Daytrades: I've lost track
  Inv. Style: Day, swing, momentum, options, futures, trading currently.
  Website 1 : tradingmood@gmail.com it's my email
  Website 2 : http://the-stock-trading-mood.blogspot.com/ My blog, by request
 
(Number in parenthesis is unread messages)
   DRiPs for U.S. Investors (21968)      DRiPs for Canadian Investors (39237)      Beginners Corner (19556)      U.S. Money and Tax Matters (4894)   
   Canadian Money and Tax Matters (9297)      Overlooked Stocks (3217)      MoneyPaper Specials (2623)      Share Exchange (35189)   
   Brokerage, T.A., & Bank Accounts (3417)      Bugs and Recommendations (3159)