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Strategies & Market Trends : DAYTRADING Fundamentals
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To: TraderAlan who wrote (1492)7/3/1999 4:03:00 PM
From: Dave O.  Read Replies (2) of 18137
 
< Who do you think is catching all the money being lost by those trader-kiddies? >

I wonder if any studies have been done about day traders that dig deeper than those who succeed and those who fail. For example, my gut feel is that younger traders may take on more risk and go for more home runs whereas I think perhaps older traders (I'm 45, so I'm real old <GG>) may be a bit more conservative, happy with the singles and that occasional home run. Part of my thought process is that "older" traders likely worked at some other profession, perhaps for quite a few years, to build up the capital to pursue this endeaver. And they sure as heck don't want to blow out playing the high risk/high reward stocks. I realize there's no easy answer as everyone has their own style and financial needs.

Dave
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