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Strategies & Market Trends : DAYTRADING Fundamentals
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To: - who wrote (504)6/11/1999 6:21:00 PM
From: Robert O  Read Replies (2) of 18137
 
Does anyone have a reference (resource) telling the tale of how Vic Niederhoffer went bust? I thought his book was a pretty good read, and not two weeks after adding it to my bookshelf he's BK.

Recently came back to zero myself after breaking the rule of too much in one play. But here's my only problem and the problem of many traders (I'm short term not usually days but weeks): The costs involved will eat you up sooner or later just as the one big play that goes bust will. One will happen faster but, like at the casino, little by little they'll decrease your stake until you're in the red. Obviously, the fear of getting eaten a little at a time, in hindsight, sure would feel better than getting swallowed whole. Jaws versus army ants... neither feels good.

RO
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