Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Steelguy who wrote (305)	11/28/1998 6:22:00 PM
From: fivedollar	Read Replies (2) of 62348

Steelguy, Going back to you #302 post (I am just catching up on my reading here), I could not agree with you more. An excellent point for those who like to trade. Case in point is BII. When the stock first ran to $3.50 and then backed way off to a low of $2.21, I bought in at $2.92. I watched the stock go down with the intention of buying more at $2.25. I could not confidently see a bottom so I change the order to buy at $2.00. Thinking this I felt I should cut the loss on the original purchase, so I sold at $2.40. Watched it go to $2.21 and said to myself "good call". There you have it in this grand casino that we play. I ended up buying back in the next day at $2.55 because I liked the way it was trading. People who trade have to realize that once you close out a position it is indeed a new game.

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