I am a retail trader and all of my trades involve TSX Venture Exchange companies.

My "Why I Trade Penny Stocks" posts are meant to shed  light on some of the workings of trading from your RSP and TFSA accounts.


This chart is taken from my RBC Direct Investing Account. It tracks the progression of both my RSP and TFSA trading accounts.

It only goes back as far as Jan 09

I started trading penny stocks at the beginning of Nov 08 with $13,567.48 in my RSP.

I transferred $10,000 in Jan 2010 from my RSP trading account to a TFSA trading account.

Current account balances are detailed below the next chart.

(I blotted out the account numbers.)


November 2010 Results

Experienced a similar number of trades for the month of November as October (up 7 trades and a couple hundred dollars.)

Most of my stocks are under 10 cents but are creeping up because this is the time of year higher volume trading returns to many of these penny stocks.

A couple companies changed names and had reverse splits.

My gross sales for November 2010 were $11,725.25

Net = $10,502.05

(176 trades @ 6.95 = $1,223.20)

(September 2010 was my highest net sales month this year @ $13,187.70.)

My combined total last year Nov 30/09 was $62,598.66 - Nov 30/10 its $122,167.21* - up $59,568.55.

( * Note, on Nov 29, 2010 my balance was in the $124,000 range and I withdrew $5,000.00)

I'm back to maintaining a 45 to 55% cash balance. This allows me to scoop up any of the regular stocks I trade on dips and place an immediate sell at 1/2 to 1 penny move. For a stock that trades at 10 cents that's a 5 to 10% profit.

I like down days as it allows me to scoop up stocks to sell. I always need stocks to sell if I'm going to keep making money every day. Got to keep reloading the account.

Keep in mind, because I trade over 600 trades a year, RBC Direct charges me $6.95 a trade (as a hyperactive trader).

I do not recommend them as their platform fails often.

Word of Caution - Penny stocks are extremely volatile so stick to a strategy - especially an exit one.


I've included several screen shots of my November - 2010 results.


Following is my monthly day-timer


Daily Pre-trade Balance with Sales Breakdown for November 2010

To be posted later

My 2 year old HP computer running windows7 (upgrade) crashed.  The culprit seems to be a faulty "GeForce" Nvidia graphics card.

I'm looking at replacing this computer with an "all in one touch screen".


November's last RSP Balance


November's last TFSA Balance


RSP partial Activity Page - End of Month for November 2010


TFSA partial Activity Page - End of Month for November 2010


Thanks for checking out my page. Red Mars

My current short term combined account goal (RSP & TFSA) is $127,000.00

Related Posts:

Why I Trade Penny Stocks - Part 28

Why I Trade Penny Stocks - Part 27

Why I Trade Penny Stocks - Part 26

Why I Trade Penny Stocks - Part 24

Why I Trade Penny Stocks - Part 23

Why I Trade Penny Stocks - Part 22

Why I trade Penny Stocks - Part 21

"To turn $100 into $110 is work. To turn $100 million into $110 million is inevitable."   Edgar Bronfman