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

To: Davy Crockett who wrote (45465)	11/23/2000 8:34:22 PM
From: technbio	Read Replies (1) \| Respond to of 62347

Hi Svenlar My understand of the games Daytrader short term and even long term In that markets small words of four letters who've been repeat here STOP STOP STOP They've got to be there sometimes you'll miss the rebound but when you miss the drain you are really happy :-) The big question is were you put the stop price About that its all depend My thinking is to put them just below the low of the day before (in theory) but i agree it is really difficult on stocks like WIN (yesterday bottom 8.55) but each day adjust it and if you are a lucky day trader and can follow the markets (LOL) as soon you are in the money locks your profits I think it is the only way P.S. I don't say that every time i do it but i should LOL Bye Jacques P.S. Really sorry to have be unable to follow the markets today i thought it would be boring because of US close (In fact it was except WIN :-)

To: Davy Crockett who wrote (45465)	11/24/2000 8:08:19 AM
From: the Chief	Read Replies (1) \| Respond to of 62347

Is it safe to say, that a positional trade (or even a longer term trade), is no different from a daytrade + or - three days except for the compression of time? Precisely, even the charting techniques that apply to TA can be directly related to daytrading. Stan Weinsteins books are a great example of that. Take all you see in his book over an LT chart, and apply it to a minute chart. 3 day 50% retracements are not unusual, but instead of basing it on the value of the stock, base the retracement on the correction value. That is to say, if a stock falls from $6.00 to $4.00, then $1.00 is more than possible on a retracement...but not all the time...if that was the case, you could just buy "everything" and wait to make big moola! I still say 2750 Nasdaq is the bottom! the Chief