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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (1079)	11/5/1998 6:15:00 PM
From: the Chief	Read Replies (2) \| Respond to of 4467

Hi kid1. Whether they are short or longterm gains or losses is irrelevant. The only relevant part is the year the gain/loss was experienced. You may write one off against the other. Appreciate you must have a "Capital Gain" to write off a "Capital Loss".Just keep all your trading receipts, addup all your gains, then add up all your loses and subtract one from the other. Hopefully your gains will far exceed your losses If you have a Capital Gain from previous years you can use them to write off Capital Loss for this year. Conversely if you have a Capital Loss you can carry forward from a previous year, you may write this years Capital Gain off against it! You can thank Pierre Elliot Trudeau(PET) with doing away with the ability to "write off loss against income". However, in retrospect, I'd take 1 PET too twenty Mulroney's anyday!! the Chief

To: kidl who wrote (1079)	11/5/1998 6:17:00 PM
From: keith massey	Read Replies (1) \| Respond to of 4467

I completely lost my cool today. I spent the entire entire morning watching the big banks (CM,RY,BMO,TD). I had CM almost timed perfectly at the bottom this morning. I then spent the next 7 minutes screaming at the spinning Greenline logo - system problem - spinning logo - system problem - spinning logo - trade finally gets entered - it already jumped .50 off the bottom. I should have phoned but I was using the phone line for the net today so I would have got knocked off the net to call them. I was so completely sick with myself for losing my cool and with Greenline that I gave up trading for the day. To my horror I checked CM at a couple of minutes ago and it had jumped $1.65 from my original buy price which would have been a $2475 profit if I would have held till close. This was the stray that finally broke the camels (my) back. I don't care if it is Priority, E-trade, RB - I just never want to look at that stupid little spinning Greenline logo again. Best Regards KEITH