DAYTRADING Fundamentals Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Estes who wrote (1062)	6/19/1999 2:30:00 PM
From: Rick Faurot	Read Replies (1) of 18137

Richard, <<As you say about Korn "In my experience this is hardly a winning strategy.". a thousand trades a day isn't trading, it is playing Nitendo, and getting random results. >> No offense, but some of the traders who do huge quantities of trades are making a LOT of money. It is far from random. The typical strategy is to get into a lot of potential winning setups and let the good ones run, stop out of the losers and flat the rest. I don't do this myself but I know some millionaires who got that way from taking a lot of at-bats. I know tons of traders who do over a hundred trades a day. Most have been around for awhile and living well off their trading. Statistically, it is obvious that if one has a winning strategy, more trials will lead to higher profits. The limitations many of us have are emotional and physical: knots in the stomach, physical and nervous exhaustion, etc. I see many many traders declaring for a strategy such as "a point a day, that's all I need." Different strokes for different folks, as the old saying goes. Rick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next