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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: long-gone who wrote (57960)	9/8/2000 11:36:52 AM
From: Rarebird	Read Replies (1) of 116759

There are many different types of day traders, Richard. Some play the spreads on the NAZ and look to scalp an 1/8 or even 1/16 of a point throughout the trading day. I'm talking about the SOES bandits here. Other day traders will hold positions for a hour or two or in some circumstances, even longer. These type of day traders use a variety of momentum models and play technical breakouts. Life has been difficult for this type of day trader since March, because many breakouts have turned into fakeouts. A Teacher's salary is secure and stable in contrast to a day trader's income. Moreover, there is a big discrepany in teachers' salaries, based on the school district you work in, the amount of experience you have and your educational level. I do not think there is an Absolute Risk/Reward Ratio of most day traders vs Teachers. It is like comparing Apples to Oranges. That depends on the skills of the individual day trader and the qualifications of the particular teacher. Why are you asking for a "risk/reward ratio" here?

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