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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Swami who wrote (55697)7/12/2002 12:01:17 PM
From: the Chief  Read Replies (1) of 62348
 
No golds, I am taking a new tack to daytrading, this market demands it. I will no longer bet on next day upticks or downticks on open. JDU was an exception and I had the comfort of a good chunk of profit on JDSU from the prior day.

I will increase the dollar amount and percentage of net worth dedicated to daytrading this year. I will not believe in "fundamentals" or whisper stories of a "fabulous NR" to come. Most of all I will no longer buy a flyer on the VSE, it got me in trouble last year...many only remember me buying it and don't remember my "boom or bust" philosophy on VSE stocks.

I will no longer suggest someone look at a stock based on a rumour or fundamental...unless the rumour is creating momo, and only for a daytrade.

I will no longer discuss my "Longterm holds" as some people actually thought I knew what I was talking about.....guesses only

I will go back to what I was doing all along, buy and selling stocks daily, my concentration will shift from medium/low volume Canuck stocks to high volume Nasdaq/DOW stocks.

I will go back to "daily TA" of the markets and individual stocks, not worrying about longterm trend lines or anything else...momo or no buy will be my modus operandii from here on in.

My intention was never to be considered a guru, pumper/dumper...ever. It was to trade stocks and thats all. I obviously got off the beaten path because some consider me both or either.

I am no wizard, but I am reasonably good at what I do, which is make money as a daytrader, I donot make a fortune...just enough each day that looking for a real job would be stupid.
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