DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Bilow who wrote (2501)	8/7/1999 2:47:00 PM
From: marketbrief.com	Read Replies (1) of 18137

hi carl, one word of caution about folks who post their trading records: I was checking out a daytrading shop in the Pacific Northwest (which will remain nameless) where the chief trader openly posted his return-to-date, and I thought, gee, this guy's record is great, I have to watch him for a bit. So in the course of the next day or two I watched, and he bought something which immediately tanked over $8 at which point he doubled down. I was a bit incredulous and asked via chat what was going through his head, and got no response. The stock closed down a further $4 from his second entry. I was aghast of course. The position remained open over the next two weeks, and the stock finally made its way back to breakeven for him, whereupon he sold the entire thing for a scratch. My point is that unless people are willing to display their record in its entirety, then it's not of much use. It doesn't matter if the end result is impressive unless you have an understanding about how that trader got from A to B... Sharpe ratios are key. ~Smart$

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