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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Kevin Hamlin who wrote (14444)5/26/1999 8:50:00 AM
From: the Chief  Read Replies (2) of 62348
 
Over the past week or two, I've noticed a few people saying that their "daytrades" now became "investments", i.e., the trade didn't work out, and they're now holding it.

It depends on the stocks you daytrade. I do not participate in pennies 90% of the time. My risk tolerance is not high when it comes to pennies. As a result, I daytrade stocks that I wouldn't mind getting stuck with. Inevitably the reason I get stuck with a "daytrade" that went bad is because my stop/limit was vaulted as the stock dropped. In fact I tend to daytrade stocks that I hold in my longterm portfolio, that if I fail in one way or another will only add to my longterm position.

However, your point is well taken, I agree with the philosophy and support it, but it really boils down to the stocks you trade and why. Ultimately I don't fit into the true MOMO player, that buys anything with MOMO......I just play the ones with MOMO that I like

For those playing pennies that know nothing of the company....then yes, its a bailout!

Just another opinion!

the Chief
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