Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Nick Morvay who wrote (45573)	11/27/2000 8:24:54 PM
From: Davy Crockett	Read Replies (1) of 62347

Hi Nick, At the time, I still had reason to believe that SVN & to a lesser extent SW might make a run for it...but, realistically...your question is very valid... in a nutshell, it is a lack of discipline on my part. I should have exited the stocks on the open. As you will no doubt notice I am still wrestling with the concepts of greed vs. regret. Believe me, I am still trying to analyze your question.... <<svenlar, what was your reason for holding onto SVN and SW on open?>> I made some notes before class... (my class was @ 10:00am.)So here they are... -failed to move my stop up to hold onto the (almost) 40.00% gains (SVN) that I would of made from the purchase price. -based on the futures & on the opening gap I was "HOPING" that SVN & to a lesser extent SW might make a "run". -I still have a lot of internal conflict balancing the concept of regret with greed (ie: "HOPING that I will make a killing, just one more trade will pull me out of this...etc.) - I have had a lot of trouble determining in advance what should be a daytrade & what will be a position or longer term trade. (I have to learn to become more disciplined & totally separate my longish term trades from pure daytrades...) -risk reward ratio is (was?) low... -now I look forward to a night of restless sleep based on my indecision to sell when I had the chance... <<Being a thin trader, I would take profits wherever I could to not get trapped in the down trend if more buyers don't enter.>> I agree... & in the future I will try to emulate that attitude... Thanks again, Peter

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