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Strategies & Market Trends : DAYTRADING Fundamentals
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To: KM who wrote (3766)9/11/1999 11:33:00 AM
From: Dave O.   of 18137
 
< If they are advising people who know nothing of TA, tape reading, etc. and have no market experience to take positions sell if they tick one eighth against them >

But at the same time there are lots of ways to trade. Personally I think those trading for teenies and eighths have a lower probability of success than the way I trade. Obviously, their fixed costs are incredibly high if they are making 20, 40, 50 round trips a day trying to play the short term momentum. I make 1-3 trades a day and can make a living doing so. But it doesn't make my way right and their way wrong.

I've watched guys try to play the CNBC touts, some with success and others who were "late" to the party and got smoked by their entry/exit. Yet there will people who will continue to try to play these picks. I suspect many will ultimately fail.

Dave
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