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

To: kidl who wrote (58)	11/21/1998 3:12:00 PM
From: the Chief	Read Replies (1) \| Respond to of 62348

Good Question! I interpret my entry in the market...period..as a gamble! If you look at daytrading as having "minimal downside" then I think you lose the understanding that you are gambling this money! Whenever you enter the market you must be prepared to lose it all, so it really must be money that you can affords to gamble. This is why! You place an order for 10,000 shares of XYZ @ $1.66 and you get filled. You put in your stop loss at $1.55. Twenty minutes later the stock is halted. Now replace the ticker XYZ with YBM or BXM or Livent or PHV or etc. etc. You have lost it all!!! You never really know when the next scam/con/fraud/ insolvency/bankruptcy may come along!! Lastly, what if you turn out to be a lousy daytrader? Stop losses plus commissions can blow the hell out of $10,000 in weeks if you are a nervous nellie or an emotional trader......nope I think it's gambling!!! Comments anyone? the Chief