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

To: Sal Pugliese who wrote (645)	1/29/1999 6:59:00 PM
From: QuietWon	Read Replies (1) \| Respond to of 2259

Rock, just to add to the post of reasons for not as much daytrading in Canada: (1) fewer people trading in general (2) fewer cycles on stocks - a statistical study would prove this hypothesis very true (3) not as much movement in stocks (4) fewer 'under-sharized' stocks (5) Cannucks daytrading US stocks vs Cdn stucks (6) on larger cap stocks, great number of shares, which typically requires volume for moves - and the aggregate of retail daytrading investors is unlikely to have a great effect on a stock (7) decimalization means the smallest unit increment is 5 cents on stocks over some (i think $2) price level - increment on US stocks typically 1/8 or 1/16 (8) commissions 'somewhat' higher typically 3cents is lowest amount each way, so it takes more than 1 increment (5 cents) to make a profitable trade - like casinos, totally rigges in favour of the brokerage co's Conclusion: momo trades much better, typically, on Cdn stocks