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


To: CharlieChina who wrote (60650)12/7/2002 7:54:27 AM
From: Swami  Read Replies (1) | Respond to of 62347
 
Nicholas do you hold any stocks, Gold, shorts, options , or are you like vitalsigns and stricktly into forecasting ? Personally i think only a child psychiatrist with a special interest in "swarming psychology" and his patient can predict market direction with any accuracy. Good traders do not beleive in forecasting. This being a daytrading thread your prediction may be construed by good traders as a distraction to trading and may apeace goldbugs and shorters due to their self fulfilling prophacy.
I am sure you are complemented on your accuracy due to horrible market conditions that we have been thru. By the way most good traders HAVE survived this market environment due to their open mind to ANY market direction and ability to change their minds at the drop of the hat and adapt quickly like a chameleon.

A good trader in my opinion will ignore your advice and keep on trading with appropriate stops and "risk management" I beleive there are immence trading opportunities left in the next remaining few trading days of this calender year. Specifically i am impressed by the oil and gold sector and am holding Sunoco. Sold my 8k shares of G.tse too early this week wouda been a nice 16K in my pocket by now. So you see good traders are still making money. last two months i have not shorted a single stock (i am not a good shorter) and still have been able to make more money than in the haydays of trading(more money than my thriving medical practice). I dont mean to brag but it pays to keep an open mind. predictions by their very nature are prophetical and doomed for failure 50% of the time (much better odds than loto).. Anyway enough of the diatride and i am going now for my 10K run..got to worship this temple that GOD gave us..Peace ....