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Gold/Mining/Energy : Day trading in Canada

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To: seismic_guru who wrote (3950)3/10/2000 3:51:00 PM
From: keith massey  Read Replies (2) of 4467
 
SG

The only problem about having a daily target is that it forces you to trade everyday. One of my favorite quotes from the market wizard from an individual (can't remember which guru) who said

"I just wait for the money to be sitting in the corner and walk over and scoop it up".

In other words I think it is more important to sit back and wait for the perfect trades to come along instead of forcing a number on yourself. If this means not making a trade for 1-2 days so be it. Of course lately there have been so many plays that money is sitting in every corner. However 6 months from now it may go back to the old ways which was a lot more difficult to trade.

Just my random thoughts.

Best Regards
KEITH
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