well, as a matter of fact, many "pros" have indeed thrown away their level IIs.
read the "Daytrading fundamentals" thread here in S.I., there were some comments on that a while ago by PaloAltoTrader and others.
if you're a position trader, you can follow charts instead, it's much better.
$ 250 gains during the day playing the momentum? *$ 250*??
you make me laugh, i don't move a finger for $ 250.
and you think that's worth it...
i prefer to make huge concentrated bets when i'm sure of something, than to make those stupid scalps that only drive you nuts.
IPOs? i play IPOs too sometimes.
i was talking against FRENETIC trading (you know, people here talking about accounts at 4 online brokers, CNBC on all day, $ 250 scalps, countless transactions a day, etc), not "normal" daytrading. |
