DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: LemonFlavor who wrote (8840)	6/11/2000 11:33:00 AM
From: TraderAlan	Read Replies (1) of 18137

LF, Stop trying to make money and instead concentrate on trading well. That's not the same thing. I really think that new traders should not even worry about profits for the first few years that they are learning. Worry about survival. Then when you finally survive, worry about making a living at it. Lower the beta on your stock picks to control risk and lengthen your holding period to compensate for the lost volatility. For example, I think WCOM and GBLX make great learning vehicles for newer traders. Your experience is common. The problem though is that your comments don't get to the point of why you are having a problem right now nor what you believe will effectively address it. I think that you know the answers to both of those questions already. The bottom line for many who started in the mania last year is that they don't understand market stages or how to adapt trading strategies as conditions change. Alan

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