DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Dave O. who wrote (7354)	3/12/2000 8:35:00 PM
From: ahhaha	Read Replies (2) of 18137

I assumed you had read my previous post but the comments hold for you too. Serious problem. As for your trading the probabilities are 85% that you will be cleaned in one year, 97% in two years, and something greater than 99% in three. There is no profession called trading unless you operate on the floor or in a firm. That requires a risk averse posture of fully hedged delta management. Market makers attempt to adjust their portfolios to maintain a neutral risk posture by adding or subtracting at favorable prices. It's just a job and when you're doing it, it's like cranking a crank. The hobby trader doesn't have the margin or proximity to realize sizes or prices to make appropriate adjustments. That means you're gambling, and if you persist, you're cleaned. Got that? Clean.

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