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

To: Wizzer who wrote (1289)	11/17/1998 9:04:00 PM
From: the Chief	Read Replies (1) \| Respond to of 4467

Hi wizzer. I and am sure everyone else has held on to stocks way to long either waiting for more profit or waiting for a stock to hit bottom. I can only hope that each day I get smarter with respect to trading, as you point out, selling especially. I watch, I read, I listen to good advice. I am learning a lot, and that is the most powerful tool in this "game". As kids do, we probably have to fall flat on our faces a few dozen times before we learn to walk. I find that once you get the hang of "this profit margin is enough", the philosophy tends to creep into your longterm portfolio. I find myself continually second guessing myself as to whether I should sell my longterm stocks after a "suitable return" and play them with the same philosophy as my daytrades. What I mean is, if you have a longterm stock and you are up $1.00 a share, you would have sold it if it was in your daytrade portfolio, and walked away with a big smile on your face!! I own alot of APQ in a longterm portfolio and am up about $1.40 a share......I second guess that sale every day....must be part of a daytraders disease!<gg> Anybody else have this problem? the Chief

To: Wizzer who wrote (1289)	11/17/1998 10:26:00 PM
From: HiStakes	Read Replies (1) \| Respond to of 4467

I know just about everything has already been said about this - Re: I and am sure everyone else has held on to stocks way to long either waiting for more profit or waiting for a stock to hit bottom. But, I have just one more thing to say. When I was still paying pennies, I made quite a few questionable trades or bad decisions about potential good trades. Every few months or so, believing that neatness counts, I would sell all my dogs at whatever I could get for them - some of them barely covered the price of commissions. Then one day it dawned on me, that the reminder of these trades sitting in my account could serve some useful purpose by making me think twice about some of the mistakes I have made. So, I have one doggie sitting there reminding me about greed (TSE:WTC), one reminding me about my scummy ex-broker (V:WSL), another reminding me about taking 'tips' without DD (V:HMV), and one reminding me not to buy when there are three trillion shares outstanding (ASE:US). So far it's working. I think before I was lying to myself about the bad trades by getting rid of them (outta sight, outta mind). Now I make myself stare at them. Regards to all!