The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: jas cooper who wrote (65438)	10/12/1999 2:47:00 PM
From: Tim Luke	Read Replies (2) of 90042

In 1997 I made about 500 trades. In the end, all it brought me was a higher tax rate, and much more time preparing income taxes>>> this is true...very few can make good money day trading and this is why you see alot of names disappear off of si....everyone thinks by just having an online account and a puter your can make a living...and now with all these stupid ads on tv sucking in more people to lose money ...the one who si making the big bucks are the brokers...this is my 8th year now and the first 2 years was an ass kicking for me...it almost put me out of business. i now do maybe 100 trades per month (max) instead of several hundred...one month i paid over 8k in commission and ended up with a profit of 3k after paying the commiss..

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