Lightning Fast Fingers
Carl asked: "...do you find that lightning fast fingers is what makes you money?"
Sometimes, yes. Certainly. Especially when I am among the first to get a news story. Not long ago, a story came out that Paul Allen was an investor in some unlikely stock. No one had known about it. I happened to see the pop in price and volume, and for some reason my little-known newswire had the story earlier than the just about anyone else. Others could see the pop, but few knew the reason.
Well, I fired off a buy as fast as I could. In the next 10 seconds, the stock went up about a point. I bought around 5 and sold around 10 a few minutes later. If I had been a few seconds slower, not only would I have had to shoot for a higher price, but I would have been at the back of a *long* line. I might not have gotten a good fill.
Those who can't play fast always say they don't need to play fast. Funny how that works out, eh? And it's often true, too. If you can't play fast, then you have to find a way that you *can* successfully play.
I'll say this, though: the faster you can play, the more opportunities you have. It simply stands to reason. A fast player can do everything a slow player can do, and more. A slow player can only do what a slow player can do. Fortunately, however, one needn't be a fast player to make money.
This kind of reminds me of chess players. The ones who are good at playing fast love to play Blitz; the ones who are just good settle for winning the slow tournaments once in a while; but the slow ones *always* say that they just don't understand what the fast ones see in playing Blitz. ;-)
ig |
