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 (10523)	5/2/1999 11:18:00 PM
From: keith massey	Read Replies (3) of 62348

Chief...nice list. Things I would add... 1. Don't use Big Charts for intraday trading (not realtime and often contain flaws). If you are going to play then you have to pay...get Canada Stockwatch or a other similar service...you should never try and daytrade with delayed quotes. 2. I would say that you need a minimum of around $50-75,000 to make even an attempt at day trading for a living (bare minimum). I am going to take some heat for this number. You mentioned that you don't do DD on day trades. I on the other hand often do a ton of DD on stocks I day trade. I will do this research at night to get a feel on what is moving the stock, what are the risks of a halt, how more news may move the stock, etc., etc.,. If a stock is moving during the day I will do a quick 5 minute DD and after I buy I will be watching the stock and reading about it at the same time. Although I trade on patterns and momentum I like to know what I am holding. Yes I know that you don't need to know about the stock if you trade on momentum. However it doesn't hurt either. You can come out of the closet and admit that you often know more about many of the stocks you day trade than most of the long term shareholders. It shows in your posts. Best Regards KEITH

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