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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (34981)9/14/2000 4:52:55 PM
From: Mark Konrad  Read Replies (1) of 57584
 
Chicken or Egg? Rande, your perfectly voiced concerns may be the strongest argument yet against individual "daytrading" as opposed to "position-trading." It also points out the obvious flaw in my own use of buy/sell stops but I don't see a remedy to that. And again, your valid concerns illustrate how important "fiduciary trust" is to our entire market structure...and is another reason why I'm still disappointed and disillusioned with the way the entire EMLX situation was handled.

I already know and accept that I will be manipulated, nicked, and cheated out of fractional points and pennies. My only hope is to catch big fat moves where pennies and fractions don't really matter. Terrible attitude, I know, but it WORKS often enough.

Regards, Mark
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