Author Archives: Phil Simard

Phil Simard is a graduate of Concordia University in Montreal with a bachelor’s in Finance and Mechanical Engineering. He has also successfully completed the level 1 Chartered Financial Analyst exam. He has studied technical analysis under a professional day trader and has been a long term player of stock market games with many top 5% finishes. His strategy revolves around making trades based on high volume, specifically focusing on support and resistance breakouts. Another strategy he employs is to follow top earners for the week and go with strong trending companies and sell them a few days later.

Compound Interest

Had the American Indians sold their beads and trinkets they received from selling Manhattan Island, invested their $16 and received 8% compounded annual interest, not only would they have enough money to buy back all of Manhattan, they would still have several hundred million dollars left over. That is the power of compound interest over time.

Order

An investor’s instructions to a broker or brokerage firm to purchase or sell a security. Orders are typically placed over the phone or online. Orders fall into different available types which allow investors to place restrictions on their orders affecting the price and time at which the order can be executed.

Selling Short

In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them (“covering”) at a lower price. In the event of an interim price decline, the short seller will profit, since the cost of repurchase will be less than the proceeds received upon the initial (short) sale. Conversely, the short seller will incur a loss in the event that the price of a shorted instrument should rise prior to repurchase.

Moving Averages

Moving Averages Moving Averages are one of the most popular and important technical analysis tools. The ease of use and simple calculation make it a great tool to get information quickly. They also provide the basics for more advanced technical analysis tools like MACD and Bollinger Bands and can be useful for removing some of Read More…