DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (66)	6/6/1999 11:47:00 PM
From: ig	Read Replies (2) of 18137

>I wouldn't even consider making a trade from >chat advice until I was extremely confident >in the integrity of the poster. Anyone who trades based on a "call" from a chatroom is bound to go broke, no matter how reliable the caller. I do very well by monitoring several chat rooms, but not because I take anyone's advice. Rather, I run a quick check on what's being called, on my own. My success depends on my ability to quickly research and size up the potential of the trade. If the call was good, but I was too slow or too late in evaluating it, I recognize it and abstain from the trade. Trading blindly on a chat call -- no matter who the caller -- is suicide. Knowing how to use a chatroom to one's advantage is quite a different story. ig

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