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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Jon Tara who wrote (8571)5/27/2000 12:52:00 PM
From: Eric P  Read Replies (4) of 18137
 
Nobody gets it - IT'S OVER. I'd guess that less than 5% of investors right now think that IT'S OVER.

Man, you guys are depressing me... <g> Tell me this, how do you expect a protracted bear market to affect the profitability of short term trading?

Personally, I believe that a good trader will always be able to make money. However, an extended bear market which alienates the masses will cause volatility to dry up and reduce the opportunities for fast profits. The best trading I have seen was in early 1999. Lots of volatility, lots of momentum, and the market could only go up... Jump on a fast horse and ride it for a while... Jump off and get on another accelerating horse...

A protracted bear market will bankrupt most of the 'trading is easy' gambler traders. These are the same folks that are the easiest source of profits for the experienced trader. Unfortunately, I believe this has already happened to a great extend. Silicon Investor is a good example. I've noticed the posting activity on SI has dried up quite a bit in the last two months. Likely due to folks becoming depressed with their losses and not wanting to post anything on SI. Hard to get excited about hyping your favorite pick when most everything is going down...

Maybe it's time to open a companion thread Shorting Fundamentals. What do you think? Might be a good time for it.

-Eric
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