Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (14781)	8/30/1999 10:54:00 AM
From: Kimberly Lee	Read Replies (4) of 108040

renowned, prolific columnist Jane Bryant Quinn calls day-trading "evil" Headline: Avoid the day-trading nightmare Who is fiscally and tempermentally fit to day-trade stocks? It wasn't Mark Barton, who lost more than $500,000, much of it borrowed. When he couldn't face what he'd done, he killed his family, nine other traders and finally, himself. ************************************** You're an appropriate candidate for day trading only if you have spare money you are preparted to lose without tears. That doesn't describe anyone I know. The upshoot: The columns also quotes a "consultant" who reviewed 17 day-trading accounts, found only one was "successful" and five "marginally profitable, thanks to a single trade." Day trading is evil and must be legislated.

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