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

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To: Tim Luke who wrote (68350)	10/28/1999 10:26:00 AM
From: charlie mcgeehan	Read Replies (2) of 90042

interesting article about daytrading on tv the other night. said 70% of them lose their money. a lot of those folks are gamblers and they trade more for the rush than anything else. i seldom daytrade any more. i like position trading, easier on me. tend to find a sector i like, thoroughly research it, then buy 4-6 stocks within the sector weighing more to the sector leaders but with a couple of spec buys. when that sector slows i move to another. keep some money aside for plays like cs and kide. pretty dull but it works for me.

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