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


To: the Chief who wrote (2671)1/20/1999 11:17:00 AM
From: JAS  Read Replies (1) | Respond to of 62348
 
Thanks Chief, Might have got out a bit too soon but paid for my day off today anyway.
Don't think I want to hold over night unless I get a real discount... <ggg>

Jim



To: the Chief who wrote (2671)1/20/1999 11:20:00 AM
From: The Devil Dog  Read Replies (2) | Respond to of 62348
 
Sure hope than just one of you made out
like bandits on that nice decline/advance
for MCF.

Chief your to modest
" I was concerned with stops being kicked in so
didn't have the "caj*nes" to jump in!! "


WB



To: the Chief who wrote (2671)1/20/1999 11:26:00 AM
From: keith massey  Read Replies (3) | Respond to of 62348
 
Just a follow-up on cutting your losses.

I know my $3700 loss on LWN wasn't much to many of you big losers out there :))) but it hurt like hell when I made myself cut my losses a couple of days ago and move on to something else. Well to make a long story short, LWN just hit $5.80 and is dropping fast. My $3700 loss would have turned into a $7900 (paper) loss if I would have done the stupid thing and held the stock waiting for a rebound. I used part of that money to play ATY and now MCF and made back a good part of my losses back.

Two lessons well learned by myself by that trade: Always use stop losses and when you are too stupid to use stop losses at least be smart enough to cut your losses.

Note: JDX was stopped cold once again at .55. Still watching and if a breakout start I will give a heads up.

Best Regards
KEITH