Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: DaveU who wrote (18815)	7/9/1999 12:20:00 PM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 62348

I think it's pretty important to get to know the "flavour" of how a stock typically trades or behaves. Many of them have a "personality" that makes them more readable/predictable. It's the variations on a stock's personality that can often lead to finding possible good trades, or conversely, ones to possibly avoid. About 2 years ago, I got sideswiped pretty badly on a trade that I should have avoided. Had I taken a bit of time to get to know how the stock traded and what was NOT typical as it was selling down, I could have avoided a nasty lesson. The "way" the stock sold down should have told me (had I been looking) that a freight train was coming rather than a "golden opportunity" to buy. I have to keep reminding myself that the market always knows far more than I do. What I've noted above does not always hold to be true, but it is something that I think is worth considering. In the case of NLC, who knows, it may bounce and run. The nature of the trading is just a red flag for me, and acts as one more thing that I can and will consider. When considering the NLC trade, it also brings to mind the #1 rule that I have in front of me on my wall (a rule that I sometimes think should be staple it to my forehead!) "The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this he is safe. When he ignores this, he is lost and doomed". Cheers, Kevin