Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: tide who wrote (647)	10/4/1998 1:36:00 PM
From: HiStakes	Read Replies (3) of 4467

Tide, Just wanted to add my comments re on-line brokers. I have been using Greenline and I was satisfied until I started day trading regularly. As an example, last week I was trading K. Everything was going nicely (up) when all of a sudden the buy signals were showing. I put my sell in and then had to wait for the Greenline 'approval' process. This only took a few minutes but during that time, K traded .05 over my ask and then dropped like a stone. If I didn't have to wait for the approval, I would have sold for a $800 profit. As it turned out, I finally sold at a $400 profit. Greenline cost me $400 in the space of five minutes. At the time this was happening, I was chatting on line with Kevin Hamlin. He was doing a trade with Etrade that was executed in 12 seconds. For other reasons I may not be day trading for the next six months, but when I come back, I will be looking for something else. The other thing about Greenline is that you need to keep fiddling with your accounts or whatever to keep the site active. It times out otherwise and then you have to waste more valuable time signing on.

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