Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Graham Hickey who wrote (17646)	6/24/1999 5:24:00 PM
From: keith massey	Read Replies (1) of 62347

Shorting can be verrrrry risky I think the technical side of trading takes a lot of the risk out of shorting. When I first started trading I thought people were crazing for shorting...you can lose 1000 times you money but the most you can make is double you initial position (if the stock goes to zero). After several years I now see no really difference in risk between shorts and longs. If you short off the technical signals and always use stops then really shorting is just like playing a long on an inverse chart. Sure there is the risk of getting caught in a gap up or short squeeze...but stocks gap down or gets stops hit just as much (if not more). Although I see go long more than I short (old habits die hard) I often think it is easier to call a top than a bottom. Best Regards KEITH

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