Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Jester who wrote (4950)	3/26/1999 2:01:00 PM
From: the Chief	Read Replies (1) of 62347

Volatility is a sweetthing for daytraders. But the only way you could take an $8000 hit is if you didn't follow with stops. I follow with relatively tight stops (on purchase)then loosen them up as the profits build. I think the stock will lanquish and drop until $3:45 and then close on a mild up tick. My prediction for a close is $15.70 after falling back to $15.40 around 3:00 and then a slow and tedious build-up. There is mild resistance at 16.10 and stronger resistance at 15.75. I think the 16.10 resistance level is toast. But what the ell do I know?? FEAR If you are scared to jump in. It is because you are afraid to lose money right now. If this is the case, then you are not controlling your emotions, which is a daytraders nightmare. My advice...call it a day and start fresh Monday. Don't try to "get your money back" if you fear losing more!!! Because you will. the Chief

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