Daytrading the TSE 100 and Blue Chip 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 the TSE 100 and Blue Chip stocks in Realtime

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: S.Y.R. who wrote (4)	5/27/1999 6:59:00 PM
From: keith massey	Read Replies (2) of 52

I'm still honored to by #2 Lets start the thread with a day trade gone bad... Bought TD today at $76.80. Why...it came out with news about a increase in dividends and a 2:1 stock split. It gapped up intra-day to $78.60 and fell to the pre-gap price of $76.80 and started to base. After it based at this price for 1 hour and I saw a cross go through for 200,000 shares at $76.80 I thought it was a fairly safe play and was hoping for a late day rally. I put in the stop at $76.45 as soon as I bought. I figure if it broke support by more than .30 it wasn't a whipsaw and the downtrend would continue. Well I got stopped out and the stock closed at $76.15. Looking back I probably still would have made the buy since the risk/reward (3:1) was worth the trade. The mistake I would say I made in hindsight was trading Banks when the Banks in the U.S were looking very weak and rumors about a rate hike floating around. Comments on what I did wrong??? Best Regards KEITH

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next