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


To: the Chief who wrote (8207)4/21/1999 4:44:00 PM
From: Stew  Respond to of 62348
 
Thanks Chief! <eom>



To: the Chief who wrote (8207)4/21/1999 4:49:00 PM
From: New Economy  Read Replies (2) | Respond to of 62348
 
If you all do not mind lets start with an anlysis of my mistakes today.
I bought BII @ 15.75 & 14.25 this morning...
Based on the volatility I set my stops @ 13.95 on 3/4 of my position.

What happens... I get stopped out after a couple of hours.

In the past I never used Stops but would set a price I want to achieve for the stock and put in a limit sell order instead.

EDIT: What do you think of this idea?

I agree with the idea of setting stops and changing them as the stock rises but most of these plays go through a lot of volatility before they rise.

Question:
1. Can the market makers or brokers see a stop order?



To: the Chief who wrote (8207)4/21/1999 4:59:00 PM
From: sweetchuks  Read Replies (1) | Respond to of 62348
 
thanks for your explanation on stops. Yes, shouldve got back in.....as a rookie, i didnt have the nerve, i thought, its had a nice low everyday this week, i'll get in then. I've also chased stocks before.....with my 15min delay, i usually end up buying on peaks! Next dip and im in there.

thanks chief,
sweetchuks



To: the Chief who wrote (8207)4/21/1999 6:58:00 PM
From: norm roberts  Respond to of 62348
 
hi cheif,GOOD ADVICE,
MY TRADING IF YOU ARE INTERESTED IS NOT TO GET EMOTIONAL.i am still holding my 800 at 7.55. as per yesterday.gle.
i watched this sucker gyrate.my stop was 5.85.
not your style.but i put the speedometer on this and it was doing 35to forty mph. i have lost a lot on in and out.and learned the stop can kill you.both up and down.bought geac at 31.50 with a stop at28.95.pissed right through it on open at 19.85 bought it back at.
21.30.sold at 26.55. still down. but not on the canvas.i don't like the half hold theory.yes it's free money.but can kill the bottom line.

in our discussion yesterday i did not understand were you were comming from.until i read the GODDAM RULES.OOPS I APOLOGIZE.NEVER READ THE TOP JUST THE POSTS THEN DO MY DD.so here's one.bought at 3.45 pm east coast 1000 hlr.nyse the best little internut out there.
at 14.11/16. check it out folk's.canoe is a good place to start then do a coparison on quicken with new york times. and a few other news types.THEY ALSO PAY A DIVI.hit its 52 week high yesterday.ready to go balistic. a week a month a year. no matter.this is not i repeat not a hype CHECK IT OUT.PS THAT BII DID NOT HIT THE 12.00 I DISCUSSED,but ah give me a break. it was dam close.not much posting on it buy your guys.i don't like the trading on it.and have moved my target to under 9.00. not to offend anyone but it was a great shaker. while it lasted.
oh by the way ,my safeway is over 50 us and rising.sorry i will not be able to post in market time before i buy or sell.so i won't post if it bother's you folks but i will listen in.ps a little bird told me that gle will trade on the open, at about 75 mph.hit 90.to 11+maybe 55 to 60 cents. then do the dance.but nothing to worry about
wednesday was a great day.10.30 gives it balls. i am looking now for high 14s after nr.just a wrap on the knucles my freind.your post on rumor nr is very devistating to your followers may i suggest. its loose talk till it is confirmed.kieth has his sh-- together and i respect that.so did you ever get felderhoff or what.hanging on threads here. all the best and good trading.nrr



To: the Chief who wrote (8207)4/21/1999 8:26:00 PM
From: bugssy  Respond to of 62348
 
thankyou for your info.