Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Bid daddy who wrote (26740)	12/10/1999 8:31:00 PM
From: The Devil Dog	Read Replies (2) of 62348

The first thing you have to recognize to be a trader is what are your limitations and barriers to being successful, and then DONT DO THEM !!!!!!! ;o) that means everything, emotional, technical, financial & execution. I stopped trading COR Yesterday, actually the day before, and I missed out on some huge bucks that others made and actually it took money out of my pocket because I thought I had to trade it. What I have recognized is that I do very well on stocks that trade 200,000 to 2 million shares max. Part of this is because the indicators I use in my charts tend to lag to much when the volume exceeds that. Therefore I find I am guessing the momo to much. On top of that even with my access to Schwab and PCQuotes I notice a much higher incidence of bad reporting and getting filled at the price I dictate instead of the market. Therefore I will not trade those stocks that exceed those parameters. I wanna be a lazy trader and those high volume stocks just take WAY to much attention. I can some times almost do just as well on the smaller fish. I always watch the movers, that is important, cause sometimes a trade just jumps out and bites you in the a$$ that makes sense. One of the hardest things for a trader is they feel they have to make a trade, most of the time when you do that you end up giving something back. Trade when a trade leaps out at you and NOT until. Eventually more and more of them start to present themselves. It is a slow process, but it leaves you in the game until you get better and more skilled. Just cause you see someone else enter a trade look and see if you can see what they see, if you DON'T, then dont make the trade. Learn to trust what you see. Not what some one else see's Basically I have set parameters that I only trade stocks on the TSE and the NAZ with in 5 to 75.00 dollars. The reason is that I can buy the quantity to make significant gains and it really is only a numbers game. I find I do poorly on pennies $5 and under. Occasionally I find one I can get in sync with. Some more thoughts later if anyone wants to hear. Best Regards WB

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