DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Bilow who wrote (2637)	8/11/1999 11:31:00 PM
From: Cash	Read Replies (1) of 18137

Is the NASAA report very thorough? I read through it and it seems like they missed a lot. They focused only on the retail daytrading outfits and not the LLC's. How are the daytraders doing there? I've heard the 10%-20% success rate bandied about for years, so the 11.5% does not surprise me, but I don't think it's very representative. It was from 30 accounts (statistically a barely acceptable number), but they were all from one office of one firm! I know that there are different styles used at different firms and different styles used in different offices of the SAME firm. How did they happen to pick that particular one. It was very sensationalized considering the lack of thoroughness in evaluating the ENTIRE daytrading industry. I'd also like to know what % of losses are due to "TRUE" daytrading. No overnight holding. Anyway, I don't think ANYONE should consider day trading without reading that report.

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