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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Edward J. Frankman who wrote (20071)	8/1/1999 8:06:00 PM
From: the Chief	Respond to of 62348

TYSON'S CORNER, Va. -- Heather Cameron is liquidating her account. It's not that she wants to; she has to. The former can't-lose day trader, who bought lots of stock "on margin" -- meaning with borrowed money -- just got hit with a "maintenance call." That innocent-sounding event basically means that her account at the All-Tech Investment branch office here has dwindled so low that she must put up more cash or sell her five remaining stocks -- at steep losses. Well, she doesn't have any more cash, so she sits in front of her trading station trying to sell out of OneMain.com. She would be happy to get $20 a share now for her 2000 shares, though she bought it months ago at $42. "I am a bright girl who did some stupid things. I got caught up in the frenzy," says Cameron, 36, who would prefer not to reveal exactly how much she lost, allowing only that it is a substantial amount. Simple one-liner can answer this dilemna......."No Rules"! It is a sorry thing to hear, I feel for the person involved. I can't stress it enough.....No Rules.....you die as a daytrader! the Chief

To: Edward J. Frankman who wrote (20071)	8/2/1999 9:18:00 AM
From: New Economy	Respond to of 62348

Message 10622487 Everybody check this link out. Swammi, I got stopped on NNC on Friday afternoon and then the stock bounced back. I set my stop @ 40.45 because 40.50 was a support level and I felt if the stock dropped past 40.50 it could drop further. That article in USA today is an excellent example for all of us to ensure that we use stop losses. NEVER use margin it will kill your account. Message 10622487 <She would be happy to get $20 a share now for her 2000 shares, though she bought it months ago at $42.> OUCHhhhhhh.