Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Le profiteur who wrote (4826)	3/24/1999 2:32:00 PM
From: keith massey	Read Replies (1) of 62348

Stop-loss Don't look at what you lost. Go back and find out how many times it saved you butt. Hindsight is 20/20 and it is unlikely you would have sold both WSP and ARP at the top and would have taken profits either to soon or to late. The one rule that every trader should have is "conserve capital". Without stop-losses you are playing with fire since the losses are unlimited. Just to add a personal horror story. My trailing stop loss on NTL got hit at 61.50 (in at $57). It ran to $95 6 weeks later without looking back. However I don't regret the stop since it has saved my butt time and time again. Best Regards KEITH

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