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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (10917)12/14/2000 8:43:37 PM
From: Dustin  Read Replies (3) of 18137
 
Many folks prefer to avoid that psycho environment and play the numbers in a less stressful manner.

I couldn't resist commenting on this. The investing public thinks that scalping is a stressful way to trade because of the press. I scalp all day, every day, and think I have the least stressful strategy (or job for that matter) of anyone I know.

Quick Story:
In fact, I was talking online with another trader last week. We entered the same trade, at the same time. He was in it for a 20-40 min time horizon, while I was in it for my quick scalp. I was out of the trade in about 2 minutes with a nice profit, while he rode it out and ended up just breaking even. After that trade he said "I don't know how you do it, that just seems so stressful." I laughed and pointed out that he was the one worrying about his trade, while I was sitting back being rich, fat, and happy.

Can you tell I'm bored...
Dustin
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