Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: Wizzer who wrote (1289)	11/17/1998 9:04:00 PM
From: the Chief	Read Replies (1) of 4467

Hi wizzer. I and am sure everyone else has held on to stocks way to long either waiting for more profit or waiting for a stock to hit bottom. I can only hope that each day I get smarter with respect to trading, as you point out, selling especially. I watch, I read, I listen to good advice. I am learning a lot, and that is the most powerful tool in this "game". As kids do, we probably have to fall flat on our faces a few dozen times before we learn to walk. I find that once you get the hang of "this profit margin is enough", the philosophy tends to creep into your longterm portfolio. I find myself continually second guessing myself as to whether I should sell my longterm stocks after a "suitable return" and play them with the same philosophy as my daytrades. What I mean is, if you have a longterm stock and you are up $1.00 a share, you would have sold it if it was in your daytrade portfolio, and walked away with a big smile on your face!! I own alot of APQ in a longterm portfolio and am up about $1.40 a share......I second guess that sale every day....must be part of a daytraders disease!<gg> Anybody else have this problem? the Chief

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