Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Lola who wrote (15755)	6/3/1999 4:18:00 PM
From: The Devil Dog	Read Replies (1) of 62348

Letz just say that was an extremely painful day !!!! I'm now long RIM, not probably long. Two biggest mistakes which the more experienced traders PREACH, AND I may add we should listen, don't trade without stops, never underestimate momentum {your own emotion tries to logically justify your trade, as Ward warned me again this AM} I use mental stops all the time religiously, I have no problem hitting the market sell button when my mental stops are hit, I have become very disciplined up to this day, for some reason I never established that threshhold when I entered this short and as the trade turned against me I continued to get emotional about it. Moral of the story, heed the advice of the wise and seasoned traders and so far 2 out 2 shorts that I have tried have lost me money, so ! go long when I go short :) Best regards WB

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