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Strategies & Market Trends : DAYTRADING Fundamentals

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To: JB2 who wrote (1815)7/13/1999 1:36:00 AM
From: Richard Estes  Read Replies (1) of 18137
 
It was in keeping with $300 commissions, Low volume, low volatility, a lack of tools for average persons. The $5-10 commissions, home computers, RT data, etc. lets everyone give it a try. Most fail.

His advice isn't that bad, for the majority of people. There are many valid reasons why daytrading is risky. A volatile market gave us daytrading in stocks, when that leaves so do many "daytraders" especially the good traders. A statement like he makes is standard for all the "elite" people on the street or in the books. Enjoy it while you can.
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