Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: sweetchuks who wrote (8219)	4/21/1999 5:57:00 PM
From: keith massey	Read Replies (2) of 62348

As a follow-up to my last post. Selling LWN at $7.60 for a big loss ($3400) was very hard to do. A lot of people were telling me to hang on because it had over $12 in assests and that the stock would recover past the levels that I bought it. Well LWN never traded above $7.60 after I sold and went straight down after that. LWN closed at $1.57 today and was as low as $1.15 a couple of weeks ago. My $3400 loss would now be over a $20,000 LOSS if I would have let emotions in and hoped that it went back up. Never, never trade without a stop loss. I will do a longer post later on about the strategies I use for placing stops. Since LWN I have never taken more than a $500 loss on any stocks. Best Regards KEITH

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