Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: wannaBrich who wrote (102468)	5/3/2000 7:34:00 PM
From: Marshall001	of 108040

Recently went to a Daytrading class/seminar in Texas.. I watched as a class full of newbies oohh'd and ahh'd as the "experienced" daytrader made a little over 8K in one afternoon. What they failed to realize is that it took almost 500K of capital to do it. (4000 shares of YHOO at 124..) I saw lots of smiles from folks grasping their 25 thousand dollar checks who couldn't wait to open thier new account because they just knew they could get rich.. That trader had almost 3million dollars worth of stock in his account and I recently checked, He held it all through the dip.. No 3m anymore... Takes money to make money. M

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