Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who wrote (5660)	4/4/1999 1:39:00 PM
From: keith massey	Read Replies (1) of 62348

Chief I couldn't agree with you more about the number of trades a day. It is no big surprise that 90-95% leave U.S day trading firms broke. Last week there was an article in the NP showing every trade done by a day trader in the U.S. She was in and out something like 40 times and made $600. This was a good day for her since she was down $20,000 during the past 6 month. I looked back over her trades and she got in on the bottom of a couple stock that had just started to run. She sold for 2/16-3/16 and moved on when she could have made $5-10. It's not like she got stopped out....she just sold? On my busiest day ever I think I flipped 3 different stocks. I usually make no more than 4 trades a day and on some day I don't make any. If I don't see a good opportunity I refuse to trade for the sake of trading. The only time I make more than 3-4 trades in a day is when I'm slowly adding to or selling a position through the day. In this case I might make 10-15 trades all in small blocks. However you don't get killed on commission since you only get charged the base fee once. This is also not considered day trading since these are usually medium term holds. Best Regards KEITH

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