Daytrading Canadian stocks in Realtime Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: 1st.mate who wrote (8845)	4/24/1999 11:07:00 AM
From: Mr. Oil	Read Replies (2) of 62348

GLE.to I didn't get a chance on Friday to post the completion of my trade as per the rules. I am out of GLE at $9.90 when the support was lifted and the price fell below $10.00. I had a 15 cent loss on 400 shares so about $60. Not a good day as I had a loss on BII and GLE. Looking back now I am a little frustrated that without market depth I can't seem to pick the time of my entry points well. I thought from the trading on BII that the price was breaking out of the $15.00 range on BII but it stalled. I note many of you saying things like ... "If we eat through that block at $10.00 I am back in." etc.etc. I also note that the Chief and Ray.(the other one) were able to get in to GLE at $9.30 on the rebound but I didn't see the rebound happening till it was at $9.80. It moved fast on what I thought was large gaps between the ask and the bid. I thought from previous posts by the Chief that this indicated weakness. In this case however the stock was not all that weak in that it did rise to 10.30 or so from its low on the day of $8.80. I am coming to the conclusion that it is not possible to day trade effectively without MD. I am not giving up but am noting that there are things that I am missing. Maybe Monday we will see another opportunity. I am not in GLE at all now which is not where I really want to be but I didn't feel comfortable holding over the weekend. There is my update and comments welcome anyone! Ray

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next