"I was also trading softee in '89"
I am happy for your success holding MSFT, I bot, held & made money also, but looking back, had I been daytrading that same 1989 buyin, making a mere 1 point per day, I would have made much more money.
<Even if you can claim a "track record" of sorts>
I claimed nothing. I posted my daytrading chatroom, which is "FREE", and all you have to do is log on and lurk it for a while, then you can make your own mind up. Did you ever buy YHOO when it was down 50 or 60 points during the day, hold for about 1 hr, then sell it for a 40 point profit? I have, and I can asure you that buying and holding MSFT no longer fits into my agenda.
<we've been in an unusual bull run for many years now>
What the market is doing means very little to daytraders, in fact my best scores have been on big down days.
<Certainly, for most people, buy and hold remains the best approach to investing.>
Hey, whatever turns you on. I try not to think about what is best for "most" people, I'm too busy making my own money. I find that being out of the market overnite makes me sleep much sounder.
<a bell-curve distribution of performance >
There are statistics, and there are "PLAYERS". Just knowing statistics is not enough to make you a winner, you've got to know how to play the game.
Final note: I find your comments pertaining to daytrading very picayune and I can only hope you take the time to really find out what it is all about. You, and others on this thread act like you're afraid you're going to lose a little money. Why not take say $100,000, out of the money you've made holding MSFT & open a daytrading account and have a little fun. You only live once.
Cheers |
