One of the biggest problems with trading the downside intraday on the TSX is the difficulty caused by the lack of market directional ETFs and the poor volumes. The large US markets have a variety of products available which on a day like today, Sep 22, with markets reeling under selling pressure, means big fat profits for those who are nimble enough to trade ETFs or options to the downside.
For the TSX products are limited. This strategy article ties in with my morning intraday chart analysis article in which I discussed how I expected an afternoon rally which would allow for possible setups to trade the downside.
This article looks at setting up trades intraday on the TSX in an effort to trade during the day to earn decent profits against the risk taken with my capital. This is a two part article. The first part is posted now but the second part with the results won’t be posted until after the day closes as the results are yet to be known.
Become A Better Investor: TSX – Intraday Trading Of The Downside
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.