Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: the Chief who wrote (1431)	11/20/1998 11:41:00 AM
From: keith massey	Read Replies (2) of 4467

Actually the thread changed into a "normal" thread about 500 posts ago. As you may have noticed I have stayed out of the conversations about most stocks and have tried to stick to the rules initially laid out on the thread although I have also broken one or two rules. The past conversation on BII was kind of scary. It sounded like some people were placing a bet at the race track instead of following rather sound day trading rules. Statements like "it should blow through $3.50 later today" or "close near $4.00" - are nothing but fluff. There was nothing to base those numbers on and this thread just becomes a bunch of hype at that point. On the other hand posts like - I started watching BII because of the large volume, short term chart and I knew internet stocks were a hot sector in the past few weeks. They released positive News, was a positive recommendation by a newsletter, etc. The Ask was getting hit at $XXX with definite support shown on the chart at $XXX. As soon as the momentum of buying picked up and it started to move I jumped in at $XXX. I have a stop-loss (mental or not) at $XXX in case the trade turns against me. I think almost everyone, including myself, has a lot to learn about short trading trading. Why doesn't everyone out there try to make an effort to share educational information with the thread when you find it. For example - Carlson on-line just started offering a paided stock service for researching Canadian stocks. They offer insider trading data - includes about 85% of Canadian companies starting January 1998 for OSC reporting companies, and August 1998 for BCSC and ASC reporting companies. Short position reports for all companies listed on the ASE, VSE, ME, or TSE from September 1998. A search engine which lets you find stocks base on fundemental parameters. Along with company reports and other data. The plus service cost $10/month Canadian. I am going to try it out and will give my impression of the service in a couple of weeks. fin-info.com Best Regards KEITH

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