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

To: DaveU who wrote (15487)	6/2/1999 10:39:00 AM
From: the Chief	Read Replies (2) \| Respond to of 62347

First rule of daytrading...don't fall in love with what you buy. Be happy with a $100.00 profit as opposed to a $100.00 loss. take the 100.00 profit before you experience the 100 loss. Make your first trades successful by NOT going for broke!! Have a strategy to CYA in a situation where the stock falls (stop limit) or if the stock rises ( a known sell point)....follow a rising stock with a stop limit....and above all else DO NOT GET GREEDY!! I have run into many people who wanted to sell a stock at a .25c profit but watched it go to .35c and thought they'd see if it would go higher.....only to watch the .25c they "had" evaporate!! We can talk more about this afterhours if you wish! No I didn't follow thru on the short....but calling it right assures me that i should folow my judgements more purposely...it builds confidence in your judgement...!! the Chief