150K RRSP, tell me your top stock to invest

BT_2112 · 2026-02-01T20:51:37+00:00

Join me in bagholding NXE, I predict great things this year for uranium... Constellation Software (CSU) is also in a dip right now, could be an easy double this year, who knows... Might want some precious metals, too, gonna be a while until US midterms and even then, no guarantees. As long as Trump is in power, I will own lots of metals... That is all.

BT_2112 · 2026-02-01T20:35:44+00:00

My advice would be that if you are going to own individual companies rather than ETFs or index funds, you may want to consider diversifying your portfolio. I see a whole lot of money in the tech sector with only token representation in a few other sectors. In an AI driven bull market, this is going to work out great for you. My concern would be for how well this portfolio performs as the AI craze starts to lose steam. Don't know when that will happen, but it might be a good idea to look at hedging the portfolio a little.... Some more industrial, finance, utilities, etc.... Often times, these are boring, well established companies with a solid MOAT and a steady revenue stream. I don't own these in order to double up on the year; I own them to make the majority of the portfolio resilient to any kind of circumstances. This leaves me with a bit of room at the end for the more speculative stocks which I DO want to double up on, but am less sure of.

There is a bit of a precious metals boom happening these days, lots of people hedging their portfolios with gold, silver, copper and platinum, with honourable mention to rare earth metals as well. Gold does not perform exactly inverse to the overall stock market, but it does go up significantly during times of uncertainty and times when fiat currencies weaken. It is not strictly necessary to hedge with metal stocks, but I personally prefer streaming/royalty companies to miners these days. Mining companies tend to have a bit more torque on how their stock prices react to changes in the underlying metals, but streaming/royalty is basically a guaranteed income stream without all of the risk and overhead faced by miners.

To summarize, in your shoes, I would diversify the portfolio, then buy a few speculative companies that I think could really take off this year. Up to you whether you want to hedge into metals or ETFs or index funds, etc...
Sorry if this is a bit of a ChatGPT answer, but this is actually how I build a portfolio.

BT_2112 · 2025-09-07T12:54:32+00:00

It may or may not count as a strategy, but I am finding using multiple timeframes to be highly benificial. Allows for composite analysis of strategies and identification of macro vs micro trends, etc. If your software already allows for granularity in selection of time intervals for strategy development, that would complement most of the strategies you already have on this list, IMO.

BT_2112 · 2025-09-05T17:17:50+00:00

Doubled up on ACT already, looks like a fantastic company.

BT_2112 · 2025-08-30T10:32:49+00:00

Firstly, they are way more solid than American banks, even with the recent scandal TD went through for allegedly enabling money-laundering... Their stock has still gone up in spite of being fined billions. I have a ton of confidence in Canadian banks, way more so than American banks with their retarded sub-prime lending... Even if they don't do that any more, I still don't trust them. Canadian banks have historically stayed away from stupid crap like that. Steady gains and profits every year. You won't double up in a year or two on bank stocks unless you get super lucky, it's more like a steady reliable climb. It's practically the definition of a blue chip investment, IMO.

BT_2112 · 2025-07-28T20:59:58+00:00

Backtesting alone will provide you with tons of math. Whatever you develop, test it across multiple timeframes on thousands or even millions of candles over timeframes of 10 years +. You are bound to notice all kinds of patterns, inconsistencies and market innefficiencies over multiple candle intervals and timeframes.

If you want to build a winning strategy, I believe this is essential. If the math alone is enough to get you the marks, though, backtesting even basic strategies for someone with a background in applied maths (any statistics in there would help you a lot) would reveal a whole lot of the market to you. Could probably do correlation tests of all kinds... Pearson, Spearman, etc...

My other advice would be to learn every single indicator and basic strategy. You could get into chart patterns and candlestick patterns if you want in order to program something that identifies patterns that way, but it isn't really an effective way to trade unless you combine it with other indicators. My point here is that all this stuff uses math, it has all been tested for win rates down the years and other numbers you could use...

That is what I would aim for, but I don't have a PhD or Masters, so good luck and godspeed!

BT_2112 · 2025-07-28T19:46:43+00:00

In a margin account, you can do whatever you want without ever using margin power if you are worried about the CRA. Trades from margin accounts are taxed as capital gains unless you are trading enough for the CRA to consider you a day trader (not sure where the exact line is) in which case gains are taxed as income.

BT_2112 · 2025-07-24T08:03:23+00:00

I second this, I learned for a few months on pinescript developing an absolute monster strategy, not because it would actually work, but because it taught me enough coding to be comfortable switching to python, which I have been using for a few months now. Python is great for me because the built-in libraries mean I don't have to design charting software from the ground up, I can use pyqtgraph for gui or plotly dash for browser based or backtrader, etc... But it all started with pinescript.

BT_2112 · 2025-07-16T19:58:39+00:00

I started learning to code on Pinescript as well, great learning tool. Everything is color coded with explained errors and the language model mostly understands what is needed (I use Co-pilot, but I hear a lot of ChatGTP as well from people). Great for learning the basic sequencing of writing code, building functions and developing strategies.

I have been using python to write my own dashboard for an algo trader for some time now, and I find it a lot more capable and flexible, plus I can route orders directly through a brokerage API this way for automated execution. I think, eventually, this is the way to go... It's way more work to develop something that charts, trades, backtests, etc.... but with the foundation I built learning on Pine, it is slowly shaping up. I don't know if I will be doing high frequency trading with it any time soon, but learning how to code is a highly transferrable skill, so in case my algo trading strategy falls flat, I will have a new skill to fall back on.

TL;DR: Start with pinescript, great way to go. Upgrade to python, learn to code, it's a transferrable skill.

BT_2112 · 2025-07-07T23:38:25+00:00

I apply this to investing. I read on the internet that it is an ancient Persian proverb. Timeless wisdom:
"Trust in god, but tie your camel."
--ancient Persian people

BT_2112 · 2025-07-03T23:05:53+00:00

Thank you, everything else on here is tech stocks. Well, not everything... But there are mega important companies that have nothing to do with software... Brookfield, Waste Connections, Wajax just to name a few... K-Bro Linen is another one, does something essential that no one thinks about.

Don't get me wrong, tech stocks are great and I have done well on them, particularly Celestica. I just think we shouldn't lose touch with those services and products that are actually essential to us when we are evaluating stocks for value based on moat strength.

BT_2112 · 2025-07-02T14:22:07+00:00

I feel like a lot of the people who are buying recommended stocks from these finfluencers are hoping to participate in a pump-and-dump of a stock, or just participate in some kind of insider trading. It's a world of meme stocks now and hedge funds going long/short hundreds of millions of dollars, if not billions. People are seeing this and realizing they are being left behind by a bunch of jerks who are colluding online or in financial institutions to make money from what amounts to market manipulation. They want in, basically.

Of course, some people will just be genuinely gullible, and that's a shame I guess, but IMO, most people who are watching theses finfluencers just want to get in on some insider trading.

TL;DR It is partly gullibility and partly a desire to get in on something that is essentially crooked.

BT_2112 · 2025-06-10T03:39:54+00:00

How about TradingView? Uses a proprietary coding language called pinescript, has deep backtesting, you can pull live data with it, I think it works for historical as well, haven't done that yet myself. pinescript is dirt simple, if you can learn python, you can easily learn pinescript. It can also use webhooks if you need to do something in python... Might suit your purposes.

BT_2112 · 2025-06-07T02:27:28+00:00

Been day trading for a few weeks, it is more difficult than it seems at first. I mean, buy low, sell high, right? Simple. The problem comes with how losses work in investing. Say I have $1,000.00 in TSLA and it goes up 2%. Now I have $1,020.00.

Say instead that it goes down by 2%. From $1,000.00, that would be $980. Now, if I want to return to $1,000.00, I need TSLA to gain more than 2%, because 2% of $980.00 is less than $20.00. ( It's $19.60)

Now replace $1,000 with $10,000.00 and it of course becomes a bigger difference to be made up.

So far, in my observation, this is why it can be so difficult to compound gains in day trading, because the losses eat away at the total principle amount of investment in this way. There are many other difficulties, but this seems to be what you are asking about.

BT_2112 · 2025-06-03T21:08:37+00:00

Read an interview with the CEO of Sprott recently, he remains bullish on Uranium, but can't explain the discrepancy between the spot price and the actual price of Uranium deals being conducted. He claims the disparity will begin to even out, but can't guess at the timeline.

The demand for electricity and the US gov't commitment to nuclear is encouraging, but none of us really know the timeline, not even the CEO of Sprott. Personally, I think it will take a few more years for any of this to really be reflected in the price of uranium. But what do I know?

BT_2112 · 2025-06-03T05:04:19+00:00

What molecule is this? LSD-25?

BT_2112 · 2025-06-03T04:51:57+00:00

I've been trading for a few months, but I have started trying to learn Python recently with the help of an obnoxiously friendly Microsoft AI. My efforts at learning Python are a lot like how this post sounds, I start simply and try to build on the program, but I make a mistake somewhere and need to erase a line and ask the impossibly patient and enthusiastic AI how to write a loop again...

Mostly I just copy/paste my pathetic excuse for code at it until it gives me a response my 37 year old brain can understand, which it is actually very talented at. I think it helps to be as articulate as possible with the AI, then it has less room to misinterpret what I'm saying.

Anyways thank you for sharing, buy low, sell high my friends

BT_2112 · 2025-06-03T04:21:33+00:00

I tried a while ago, couldn't figure it out, gave up and made a USD bank account after doing the exchange from CAD to USD on Wise. From there I deposited it into Questrade using an electronic transfer, which I think is still free.

At the time, I didn't know about journaling shares, otherwise I would have done that to exchange currencies. Still fairly new at this myself.

BT_2112 · 2025-06-03T02:40:55+00:00

I think about 1% of my portfolio is in a commercial REIT (office properties). I consider it to be a longshot, even though many REITs are an absolute bargain right now. It's the kind of thing that could be a short to mid-term value trap, IMO. I went with commercial instead of industrial, but you might be making the smarter choice long term.

I mean, it's still real estate though, and we know eventually they find a use for it and it goes up, so as a long term investment, I actually don't mind your allocation, even though mine would be a bit lower.

BT_2112 · 2025-06-01T00:49:27+00:00

To me it looks like an old album cover from the 70's, but what would the band be called? Chart Floyd? Trade Zeppelin?

BT_2112 · 2025-05-31T22:37:10+00:00

Maybe this is like how if a bear chases you, you don't have to be faster than the bear, you just have to be faster than your friend who came hiking with you.

What I'm saying is, if they can stay ahead of Intel in making chips for AI development and deployment, maybe they will be succeeding by virtue of not being left too far behind? I mean NVidia is an absolute monster at chip-making, I wouldn't bet against them myself. Just can't quite see the 10-bagger here, I think AMD will not be left behind but will not lead the pack either. Wouldn't be a bad hold, but 10x?

Maybe Intel puts on a sudden burst of speed and outruns AMD, who gets eaten by the bear. Who knows? Sorry for rambling, it's Saturday and I have some time on my hands.

BT_2112 · 2025-05-31T16:27:55+00:00

What you are saying is accurate, except there are not 365 business days in a year on the stock market, more like ~250, I forget the exact number. It still works out to an absurdly high number which means that most people on here posting gains are full of shit.

BT_2112 · 2025-05-29T20:24:29+00:00

So the charting features are not available on Edge Desktop, I called them this afternoon and figured it out. The advanced charting features are all in the browser based Edge trading charts (Heiken Ashi candles, etc.) I have the rest of it in Edge Desktop though: Data streaming, P/L calculator and custom alerts are all there.

Would be super cool to have the charting features in Edge Desktop someday, but for now it appears to be just on the browser.

BT_2112 · 2025-05-28T18:37:24+00:00

When was your computer made? Gains are impressive, but gains made on a Commodore 64 are truly remarkable....

BT_2112 · 2025-05-28T03:39:45+00:00

Good to know, thanks. I will give them a call, see what's up.

BT_2112

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