Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Andrew who wrote (35221)	4/15/2000 9:21:00 AM
From: Mr. Oil	Read Replies (1) of 62347

Your comment...Doesn't look too good does it. I don't agree. I think it is good to remember that with day trading one doesn't require or care too much if we have a 'bear' or a 'bull' market. The only thing that is required is volume and volatility. That is what we have. Going long in a bear market can be profitable if one can pick your entry points carefully and one is careful about holding overnight. There are always bounces in the day when one can make money or points to go short where one can make money when there is volume and volatility. I don't really care too much about whether in the long run the stocks go down or up when it comes to day trading. That is a concern for position trades only. Something I am doing less of now while this thing gets worked out. The trend indicates which opportunities we will have more of. A down trend will give more shorting opps and a up trend will give more long opps. The key is picking the trend for the day and trading with it. I went both short and long yesterday and made money both ways although I am still holding my long buy til Monday. The full story will be known on that trade on Monday a few minutes after trading opens. ggg Ray

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