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

To: Caffeine Joe who wrote (3262)	5/24/1999 10:10:00 PM
From: Greg from Edmonton	Respond to of 4467

In an ongoing effort to continue my education I purchased "Successful Stock Market Speculation (A Speculator's Manual)" by Calgarian, T. E. Carter. It was written in 1990 and I don't believe it was aimed at the daytrader (in fact the term is never even mentioned; perhaps it hadn't been coined yet) but the concepts appear to be valid although elementary in nature. I have the book you mention (1991 edition). It has been a while since I read it but the book holds some decent advice and strategies. Many will admit that knowing when to sell is the most difficult part of investing, and Carter provides some decent advice and explaination on when to sell based on market indicators. Although there is really no mention of visual or charting analysis, Carter instead relies largely on daily statistics. I suppose that when the book was printed (1991), Carter's advice was the nearest thing to daytrading at that time.... at least as daytrading might have applied to the individual investor given the limited technology available in the early 1990's. Today's day traders have much more resources available through the internet, and the availability of the discount brokerage (on-line trading, and cheap commissions) has really made self-directed investing popular to the average Joe Sixpack (sorry for the bad pun here but you may or may not be related to this guy).

To: Caffeine Joe who wrote (3262)	5/24/1999 10:15:00 PM
From: joseph schevenels	Respond to of 4467

Joe, I was a subscriber a few years ago, i did'nt stay with him because he almost never used the method he explains in his book ,and i heard this from several former subscri- bers as well .I did not have internet acces at that time ,no acces to charts etc. BUT Carter is a very good stock picker ,i made good money on Arequipa ,he featured it at $1 and this stock moved to thirty something in 96, 97 ,there were a few other huge winners as well . My favorite book is " The disciplined trader " by Mark Douglas . Helped me immensely : how to become disciplined,cope with losses, objectivity ,importance of trading rules etc. " As a trader it is more important to know that you will always follow your rules than it is to make money ,because whatever money you make ,you will inevitably lose back to the mar- ket if you can't follow your rules " The following is a Canadian TA service ,no hype or promotion here, i have been a subscriber for more than a year ,and use it succesfully everyday for short term momentum trades ,there is a free trial subscription www.canadianmarketwatch.com Good trading Joseph