Intent

In my first blog I started with a trading strategy that used a timeframe of one day or longer. I since changed my scope to day trading and therefore my blogging reflected that change. Here I intend to re-visit that strategy and perhaps modify it to include other bits and pieces that I have stumbled upon along the way.

Off the start I will not actually be trading any of these setups as I am still concentrating on the daytrading in my Tax Free Savings Account as I think that, short term, is my best option. Shortly I will be transferring my mutual funds from their existing home to my Questrade RRSP account. Rather than trasnferring them "in kind" they will be liquidated and transferred as cash. This will form the capital base for my medium term trades as the balance will be higher which will allow me the room that I need for my loss allowances in these trades.

A side note, Questrade currently has a promotion that they will pay up to $150 of any transfer fees incurred with a transfer of $25000 or more until March 2nd. While $150 is a pretty small part of the transfer it is a nice little perk, especially seeing as I was going to transfer this stuff anyway.

So, I may not have any trade setups ready to go right now so I will run a few backtests on some of the stocks that I was following in the past. This is a little cheat as I am hoping that my previous picks are still valid picks today. I did keep all of my old lists of charts so it should be a simple matter to check these for volume and price action.

Given the large downturn in most of the stocks on the market in the last months I am hoping to grab a few near their price troughs. Seeing as an RRSP account does not allow for short selling I may use some ETF's to play any downturns or perhaps just rotate sectors or some strategy that allows me to keep my cash in play at all times, or as close as I can get.

Jeff.