Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Stockbull who wrote (47412)	2/1/2001 4:46:53 PM
From: Nick Morvay	Read Replies (2) of 62348

T.NT was easy trading until TSE rule changed to 1 cent increments. Now it takes more buys/sells to fill in the moves between the 5 cent increments. We get more gyrations of smaller proportions and takes longer to make larger moves as people can step infront by 1 cent. I have to work much harder for the same results. On a percentage I'm better off trading cheaper quality stocks that have the same volume and volatility as NT. My preference is to trade 1Mil+/day volume stocks only to insure liquidity. The trading pattern has changed slightly so it will take a little time to adjust. However, my focus has been to learn using indicators on volume, for entry/exit points and I have achieved that. It's my training ground for NAZ trading which I'm moving to shortly mostly for the larger pool of high volume stocks and ultimately for SPOO trading. Fixated? Perhaps, but I have found that I can make more money trading 1 stock with size and well understood trading patters than multiple stocks that I'm not familiar with. This means that I may not trade every day because NT is not on my side. This is a good thing so I can go skiing ;-))

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