Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: fivedollar who wrote (438)	11/29/1998 2:25:00 PM
From: Buckey	Read Replies (1) of 62348

On closing a position and taking a new one - Often I would never buy back a staock higher than I last sold it - Some sort of stupid mental block that I am now over. BII is a great example - You did it - Follow the Chief's actions on this thread on Friday. he sold and was back in at a higher price. FORGET where it has been. I sold BII at 2.39 the previous Friday at a loss and bought it back a at over 50% more at 3.79 on this past Friday. I doubt I would have done that a year ago. Similarly - I used to hate buying a 1.00 stock after it had already doubled in the past week. Better to buy it on the way up with good indications it is goping hiogher than trying to buy a dead stock at a 52 weeks low on low volume thinking it is bottom. I now always give away 20-30% before I buy. The PAST IS THE PAST. Maybe the first sell was a mistake - But if it looks strong 10 minutes later and you do not buy because it is higher than your last sell then that is two mistakes.

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