Day trading in Canada Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Day trading in Canada

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Devil Dog who wrote (3504)	7/5/1999 11:35:00 PM
From: keith massey	Read Replies (2) of 4467

Wayne I don't like to rush into anything. I have been paper trading for several month now on several different future contracts. I want to get a good feel for what works and what doesn't....really get into the music of the markets. So far I keep getting drawn back to the S&P's and to a lesser extent the NASDAQ 100's. Although the basic TA stays the same the intermarket TA makes things a little more complicated. In addition, market indicator like the VIX, TRIN and TICK put a whole new spin on reading the charts. Unlike trading a single chart...with this game your brain is working at full speed. I've been averaging a new S&P/Futures trading book every 4-5 days for the past couple of months...yesterday was VIC II's book at the local Chapters (280pgs and 5 hours) ...not a bad read but I won't pay for it. On the day Greenspan spoke I made over $19,000 on paper trading 3 contracts on the S&P's minis (each contract costs $4600U.S). I really wish I wasn't only trading paper on that day <ggg>. I have been fairly consistent so far and will start with the really money soon. If I can make half the money I do on paper I will be happy. The nice thing about the S&P's is that they will be around forever and will always have high volume and big moves. You can play the short side just as easy as the long so it doesn't matter if the market is up or down. If the S&P's get boring there is always the bond, NASDAQ minis or even gold. Lots of fun. And since I always use stop for 2pts or less ($250 loss) and close out at the end of the day the risk is fairly minimal (all on paper of course). I have still been day trading TSE stocks and doing good but after trading watching the S&P's the TSE seems really boring and a lot harder to trade. Best Regards KEITH

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next