Hey Truth,
If you have been following my calls on WSS and RB you already know what kind of returns we get. (Perhaps someone who kept track can better answer that question). But let's be clear about one thing: Daytrading is hard work, dangerous and for 80% of the players, a losing proposition. That is why I pound the table on the long term approach. Put at a minimum 50%, preferably closer to 70% in a fund with a track record, or a self-directed IRA/RRSP, and dollar cost average the leaders: SUNW, NT, GE GM WMT etc...
I aim for 5%/day on what I trade, and that is fairly consistent, but that is a small % of the total.
Lata...
Sharck |
