Talk to Lola:) Message Board

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Strategies & Market Trends : Talk to Lola:)

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To: KodiakBear who wrote (1003)	8/25/1999 9:34:00 PM
From: Lola	Read Replies (1) of 2010

Thanks Snoog, I'll go over the list and make comments as I have them. I think most people are better off position trading . . . even I don't daytrade that much anymore. Did you know that 9 out of 10 daytraders fail? It's not as easy as it looks and there are certain rules to follow in order to be successful. Even if you are a great stock picker but you aren't using enough money on each trade, you can find yourself losing after awhile. People don't understand that but it's so true. Daytrading is more glamorous than it is profitable. I encourage people to position trade more than daytrade. Even on Ed's thread you'll find that many of our good trades take 2 to 3 days usually before they pay off . . . most are longer than that. Lola:)

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