E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.82

+0.6%

2:14 PM EST

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To: ecommerceman who wrote (6912)	6/7/1999 4:18:00 PM
From: Curly Q	Read Replies (1) of 13953

And I'm hearing about this incredible surge in the "daytrading" phenomenon. Made possible by the deep discount brokers. This may well prove to be a fad when it is widely discovered, and learned the hard way, that this is no way to make money! In my own situation, I feel that I cannot even be tempted to daytrade, as I've learned from daytrading futures in the 80's that the road is just too rocky. I had a good deal on commissions, paying $15 for CBT and CME contracts and $6 for MCE contracts. I had a good percentage of winners over losers, but, on balance, my daytrading profits were totally eaten up by commissions. Before the decade ended, I came to the realization that I was simply gambling and that I couldn't beat the house! I see EGRP is up more than 10% today.

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