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Strategies & Market Trends : DAYTRADING Fundamentals
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To: supertip who wrote (11536)1/25/2001 12:27:19 PM
From: exdaytrader76  Read Replies (1) of 18137
 
Re: Downfall of a Day Trader

Dumb money is easy come, easy go.

Mazeska made a 175,000-share bet on E*Trade Group (EGRP), putting almost all his money into the stock. At $26 a share, Mazeska was convinced, the online brokerage's stock was greatly undervalued. He says it was intended to be a short-term play, but he felt the stock was due for an extended upward run. Mazeska was so sure of himself that he bought half of those shares on margin

This has been the exact formula for failure from what I have seen.
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