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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dan Duchardt who wrote (7219)3/11/2000 1:45:00 AM
From: Dave  Read Replies (3) of 18137
 
All right - you made me do it - I have to make a post in response to all of this talk about how much money you need to start trading. The thing that I want to point out for all you new hopeful traders is simply the following:

" IT DOESN'T GET ANY BETTER OR EASIER THAN THIS !!!! "

The current market conditions are so conducive for trading that it is totally ridiculous. A person could make a fortune by simply buying the QQQ's every time they make an intra-day dip - check out the charts for yourself. There are actually very few days in the last several months where you wouldn't have made a profit following this simply, dare I say strategy. For all of you long time day traders I.e. the ones that were actually trading last summer, just remember how tough you thought it was because the market was illiquid and the volatility was low. Well, a real Bear market will make that period look like easy pickins! The bright side is that most Bear markets don't last for years. I'm not saying that we are going into a Bear market, as a matter of fact, I'm banking my trading career on the hope that stock trading has now become a firmly entrenched way of life in America, but don't delude yourself into thinking that current conditions will last forever. This truly is a once in a life time opportunity.

Regards,

Dave
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