Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gypsy who wrote (3187)	1/29/1999 6:58:00 PM
From: QuietWon	Respond to of 62348

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