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

To: Ward Nicholson who wrote (1277)	11/17/1998 7:13:00 PM
From: the Chief	Read Replies (2) \| Respond to of 4467

Hi ward. Another thing we have in common <gggg> I was out of BCD when one fine morning the stock was de-listed from the TSE. To this day I thank God I was out of that stock when that happened. EXCEPT I still own 1000 shares of BCD, and thats after the reverse split!! sigh <gggg>

To: Ward Nicholson who wrote (1277)	11/17/1998 8:21:00 PM
From: Buckey	Read Replies (1) \| Respond to of 4467

Wrad - Agreed - Noone said I was smart - Today was like pulling out a three wood on a par five second shot and having to clear the water in front 235 in the air. into the wind. I hit it and it hit a rock in the middle of the pond and trickled up onto the green . Quick question to which I have never got an answer. You go short on a PHV like stock - it gets halted indefinitely. How do you cover your short and realize your gains Chief - anybody???

To: Ward Nicholson who wrote (1277)	11/17/1998 8:29:00 PM
From: Wizzer	Read Replies (2) \| Respond to of 4467

This was in the days when I didn't know how important the word "sell" actually was in terms of capital preservation and knowing when the risks greatly outweigh the rewards. Great example Ward. In the short time I have been investing (about 1 1/2 years), an inability to sell and hope of a better day kills a portfolio. When you make a bad choice and start to lose money, don't average down and don't hold and hope for the best. I figure 95% of the time, holding is the worst thing you can do. This is why day trading and short term trading appeals to me so much, after seeing my "buy and hold" strategy cause my portfolio to be down over 80%. I'd rather have sold when the market was selling or around 15-20% loss, and looked for another opportunity. I would be up a lot of money right now had I not "fallen in love" with the stories of companies that started to suffer, and IR reassured me that all was well. Every single one of those companies went down, and down, and down. I still have a little trouble on the "sell trigger" but am learning to take profits as they come. It's not often you get a second chance at taking profit. Since I have been participating in this thread, I have really learned a lot about the "emotionless" buy and sell. It takes some work, and discipline but it will benefit me and whomever else decides to approach the market in this fashion. I have learned a lot from every single one of you, and am glad Keith started this thread. Since this thread was created I haven't lost money, and am now starting to make some. I enjoy talking about personal experiences, wherever relevant, so we can all learn. Regards, Wisam