Meet Gene, a NASDAQ Market Maker Message Board

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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: booters who wrote (1097)	9/27/2000 10:17:54 AM
From: dannobee	Read Replies (1) of 1426

$300/day hardly seems worth it, as you're going to lose more than that some days. If I can't see an 8-10% gain in a stock for the day, I won't trade it. The upside has to outweigh the risk of being wrong. You can't make money on every trade, and I think one of the misconceptions was that you were going to make a certain amount every single day, which won't happen. Stick with the stocks that have very good fundamentals, and look for an overall market weakness to buy. We can't control the market risk, but we can trade individual stocks knowing they are down on only market specific risk. Follow a few of the leaders for a few weeks before you start trading, only watching and not trading (preferably watching the indices and a few stocks at the same time to see how they react). You'll start seeing the difference between the stock specific risk and the overall market risk. FWIW Danno

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