Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who wrote (8225)	4/21/1999 8:58:00 PM
From: bugssy	of 62348

i work during the day but have an hour for lunch at which time i rush home to see if i lost or gained. i find daytrading extremely stressfull but very rewarding when the game plays into your hand and very down when it goes the other way. i have figured out a few things since i lost a bundle last year. 1. don't second guess if you think you have a winner don't watch for a few days while it's running get in and if your not sure put in a stop loss. 2. for volitile stocks i will put in declining buys instead of buying a thousand shares all at once i might buy them in lots of 250 or 500 with set prices in case the stock is bouncing around. case in point bought mcf today at 3.30 and put in a set price at 3.20 and 3.00 and 2.80. 3.20 got picked up but not the rest but im happy got a thousand any ways. picked gle today at market 8.95 was thinking about pulling the trigger this morning at 7.40 but hesitated. 3.i also learned to keep enough cash on hand for to invest if another opportunity arise while i have my money invested or if the price drops and i want to average down then i don't feel like im being cornered into making a hasty decision like selling. at least then i have some options to choose from. 4. and i also learned to keep track of this guy called cheif because he seems to always find the winners. i did not use a stop loss on gle or mcf as i was willing to buy more if the price dropped. i think gle has turned around for now as they closed at their hi as did mcf so tommorrow looks bright. another thing i learned don't look beyond tommorrow it could clowd your judjment and graphs seem to play a big part because you don't always want to buy at a stocks peak unless it is running away.

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