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


To: Alastair McIntosh who wrote (1895)12/25/1998 1:04:00 PM
From: Wizzer  Respond to of 4467
 
Alastair, it is good to have some rules in your trading and live by them. Using STOPS in my trading is a must, and I can see that your policy towards them is very similar. I am still "tweaking" as far as the STOPS go, but feel so confident when they are in place. While watching Market Depth I would rather say, "looks like my STOP is getting hit", than "Crap, the stock price is going down. I need to rush and put a STOP in". What I could improve on is, instead of putting the last STOP in before I get hit, just selling the stock and taking profit at a pre-determined level. In that way, I won't get enamored by the stock and greedy for more dough.....probably the worst thing I could do.

I am also feeling very confident with the TSE. Lately, I have not seen any significant volume on a stock listed on the VSE and ASE that has interested me.

Merry Christmas!

Regards, Wisam



To: Alastair McIntosh who wrote (1895)12/26/1998 10:20:00 AM
From: BradC  Respond to of 4467
 
<On the TSE your stop becomes a market order> TSE also allows stop-limit orders where your stop becomes a limit order and not a market order.



To: Alastair McIntosh who wrote (1895)12/28/1998 11:13:00 AM
From: joseph schevenels  Respond to of 4467
 
The worst situation occurs when you break a rule and things work out. This leads to an
even greater lack of discipline.

I agree 100 %,it took me a while to learn this but if you break the
rules,emotions, greed ,and fear take over,and you're completely lost.
An absolutely must read for
traders is :" The disciplined trader" ,by Mark Douglas.

Happy new year to all

Joseph