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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Dan Duchardt who wrote (3985)9/15/1999 6:31:00 AM
From: Bilow  Read Replies (1) of 18137
 
Hi Dan Duchardt; I found the comment, I have yet to read about a daytrader in Forbe's richest people in America. interesting.

I don't think I'd mind joining the Forbe's club, myself. So if you accidentally get in, could you send me your excess income?

That said, the problem with making a fortune daytrading is that even if you are very good (lucky), it will become harder and harder to get in and out of positions as your wealth increases.

In other words, daytrading doesn't scale nearly as well as owning a substantial percentage of MSFT. But that isn't an option for most of us now, anyway.

-- Carl
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