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

To: the Chief who wrote (10523)	5/2/1999 8:51:00 PM
From: The Osprey	Respond to of 62348

Chief, Excellent requirements post.I don't have the ASE as IMHO the exchange is fairly small and doesn't have the volumes but for a few occasional stocks that pop.I have the VSE and one other thing I watch there is buying coming out of two houses like Cannacord and Yorkton.If Cannacord is buying I feel oK about buying.If they are selling I am getting the heck out especially if volume is drying up or bids are falling of.I have noticed Cannacord use the false bottom box very well to unload some stock in a range between the top and the false bottom. The last two posts are the most important for beginners to practice. 6)" A complete control of your "emotions". As they say check them at the door(emotions) Greed and fear are the two biggest motivators in the market and the big houses know this. 7)" A known profit or loss level established before entering a trade! Set a sell price with 5, 10 or 15% or a sell price and stick to it.If you break this practice then emotion has entered(greed).If you practice this then you can always re-enter again with your original capital once again with a sell target.

To: the Chief who wrote (10523)	5/2/1999 8:56:00 PM
From: Brennan Wilkie	Read Replies (1) \| Respond to of 62348

If you do not know what any of these are for...ask...there is no "dumb question"....and if there were, I've already asked them all!! Where do i get market depth, and can you please define the term for me too thanks... dumb enough?

To: the Chief who wrote (10523)	5/2/1999 10:56:00 PM
From: bugssy	Read Replies (3) \| Respond to of 62348

what are bollinger bands and stochastics? i have heard them before on this thread but don't know there purpose or how they work. thanks for any info. the other question is, can you get some of this stuff for free or do you have to apply to a web site to access these tools?

To: the Chief who wrote (10523)	5/2/1999 11:18:00 PM
From: keith massey	Read Replies (3) \| Respond to of 62348

Chief...nice list. Things I would add... 1. Don't use Big Charts for intraday trading (not realtime and often contain flaws). If you are going to play then you have to pay...get Canada Stockwatch or a other similar service...you should never try and daytrade with delayed quotes. 2. I would say that you need a minimum of around $50-75,000 to make even an attempt at day trading for a living (bare minimum). I am going to take some heat for this number. You mentioned that you don't do DD on day trades. I on the other hand often do a ton of DD on stocks I day trade. I will do this research at night to get a feel on what is moving the stock, what are the risks of a halt, how more news may move the stock, etc., etc.,. If a stock is moving during the day I will do a quick 5 minute DD and after I buy I will be watching the stock and reading about it at the same time. Although I trade on patterns and momentum I like to know what I am holding. Yes I know that you don't need to know about the stock if you trade on momentum. However it doesn't hurt either. You can come out of the closet and admit that you often know more about many of the stocks you day trade than most of the long term shareholders. It shows in your posts. Best Regards KEITH