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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (11217)10/17/1999 12:32:00 PM
From: Dale BakerRead Replies (1) of 118717
 
An interesting - and probably unintended - confession from the guy on the Swingtrading board, about the live chat room they run:

We have two large groups of traders in our room. The first are "newbies". They do not have a lot of experience, do not understand patterns well, do not understand executions well, and do not yet understand risk well. I refuse to throw this group into war with out some form of "basic training". The next group of people in the MTrader Swingtrade room are struggling daytraders. We decided against throwing these individuals into excessive volatile situations without protection. They simply can not afford this, financially and emotionally.


Sounds like a shortage of confident, profitable traders flocking together for protection. Not unlike sheep in a thunderstorm. Sad.
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